Muirfield Development Starts Gateway Osceola Construction
The new four-story apartment community in Kissimmee will feature 252 residential units.
Updated on Oct. 28, 2026 in Apartments
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Muirfield Development has officially broken ground on Gateway Osceola, a 252-unit multifamily project located on 12 acres. The site is situated within a designated Qualified Opportunity Zone in Kissimmee.
Why it matters
The development leverages the HUD 221(d)(4) financing program to expand the housing supply in the area. By utilizing this federal program, the project aims to address local residential capacity needs through 2028.
The development spans 12 acres and will contain 252 units. Financing for the project was arranged by Greystone using the HUD 221(d)(4) program.
The players
Muirfield Development
This firm is the primary developer responsible for the Gateway Osceola residential project.
BBL Building Co.
This organization serves as the general contractor overseeing the construction process for the site.
Greystone
This company arranged the long-term financing necessary to support the development's construction.
The details
The project is a four-story development serving the Kissimmee community. BBL Building Co. is managing the construction of the site, which is located in a Qualified Opportunity Zone.
Timeline
Construction officially began on October 28, 2026.
The development is scheduled for completion in summer 2028.
Culture Shift
The use of the HUD 221(d)(4) financing program marks a standard approach for private developers to secure government-backed loans for multifamily construction projects. This project follows an established pattern of using federal mechanisms to facilitate new housing stock in growing urban corridors.
The development adds 252 housing units to the local market, potentially increasing residential availability in Kissimmee by summer 2028. Residents may see changes in the local housing supply as construction progresses over the next two years.
The takeaway
Developers continue to utilize federal financing incentives to drive residential expansion in growing Florida markets. Future residents should monitor project progress as the 2028 completion date approaches.
Further reading
For more information on local housing trends, visit the Kissimmee Apartments section.
Source note: This article includes information reported by 301 Moved Permanently.
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