Royal Palm Companies And Mattoni Group Plan 360 Apartments In Sanford

• 100 Crosswood Loop, Sanford, FL 32771, is the site of Royal Palm at Crosswood, a planned 360-unit multifamily development by Royal Palm Companies and Mattoni Group on approximately 22.2 acres.
• The project is expected to break ground in early 2027, with six four-story residential buildings, a 9,000-square-foot clubhouse and amenities including a swimming pool, fitness center and pet facilities.
• Plans also include approximately 41,600 square feet of retail space across three commercial outparcels fronting State Road 46, creating a mixed-use destination in Seminole County.

What Royal Palm Companies And Mattoni Group Are Building

Royal Palm Companies and Mattoni Group are advancing Royal Palm at Crosswood, a new apartment community near the intersection of State Road 17 and State Road 46 in Sanford. The approximately 22.2-acre development will feature six four-story buildings with 60 apartments each. Buildings are planned to reach a maximum height of 70 feet, with residential interiors expected to include quartz countertops and upgraded finishes. The project expands the partnership's presence in Sanford following the opening of the 420-unit Northhaven community earlier in 2026.

 

 

What The 360 Apartments Will Offer

The residential community will be anchored by a 9,000-square-foot clubhouse and a broad amenity package designed to attract renters seeking upscale apartment living. Planned features include a resort-style swimming pool, a 24-hour fitness center, coworking space, a clubroom with demonstration kitchen, indoor pet grooming, a pet park, walking trails and barbecue areas. Electric vehicle parking and a car care center are also planned. The combination of shared amenities and modern apartment finishes positions the project to compete in Sanford's growing rental market.

What The Retail Component Adds

Beyond the apartments, the development calls for approximately 41,600 square feet of commercial space across three outparcels facing State Road 46. The retail component could accommodate neighborhood-serving businesses such as restaurants, coffee shops and everyday services. Its location along a major road corridor gives prospective tenants visibility beyond the apartment community itself. For investors, combining residential units with separately leasable commercial space can diversify a property's potential income sources while helping establish a more convenient environment for residents.

What Sanford's Rental Market Signals

Royal Palm at Crosswood adds to a growing pipeline of multifamily investment in Central Florida. Data cited by CoStar in July 2026 placed the North Orlando submarket, including Sanford and Lake Mary, at 9,506 apartments with an 8.4% vacancy rate and average asking rent of $1,796 per month. Those figures provide useful context for the project's timing, although future leasing performance will depend on supply, renter demand and economic conditions as the community approaches delivery.

What Comes Next For Royal Palm At Crosswood

Construction is expected to begin in early 2027, subject to final approvals and permitting. The project represents another major investment by Royal Palm Companies and Mattoni Group in Sanford, pairing new rental housing with planned retail and community amenities. For multifamily investors, the development highlights continued interest in Central Florida growth corridors where residential demand and commercial opportunities can support mixed-use projects.