Prime commercial land in downtown Eustis will begin transforming into a five-story apartment building. The 21,000 square foot Grove Park Tower, will feature twenty units that are all one-bedroom and one-and-one-half bath with in-suite laundry and covered parking. The building will be located at the northwest corner of Dewey Street and Magnolia Avenue across from the library in the heart of downtown.
The property, formerly owned by Lake Community Foundation/Lake Eustis Properties was purchased by North Central Place LLC whose principal is Daniel DiVenanzo, an experienced Eustis developer and landlord. DiVenanzo also owns the Renaissance Building in downtown Mount Dora.
The $1.9 million project is scheduled to be completed in early 2021 and is expected to generate new tax revenue for Eustis. According to the City of Eustis, the project is consistent with its Downtown Plan, Redevelopment Plan, and Land Development Guidelines for the City.
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