Clermont Lumberyard District: $45M Downtown Transformation

Clermont’s Bold New Future: $45 Million Lumberyard District Redevelopment Project

May 12, 2025

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Story Highlights:

• The Clermont Lumberyard District Redevelopment is set to transform downtown Clermont with a $45 million investment.
• Located at Victory Point Park and the South Lake Trail, spanning 12.3 acres.
• The project, named the Lumberyard District, will include 392 apartments, retail spaces, restaurants, and an entertainment venue called The Saw Mill.
• Designed in Key West architectural style, targeting young professionals with affordable living options.
• Phase one includes 262 apartments; phase two will feature a clubhouse, pool, and a rooftop bar overlooking Lake Minneola

Clermont's Bold New Future: The $45 Million Redevelopment Project at Lake Minneola

Clermont is on the brink of a dramatic transformation. An Atlanta-based developer, PENLER, has just secured a $45.7 million redevelopment project that promises to reshape the downtown area right on Lake Minneola. This highly anticipated project has officially received the green light, and the community is buzzing with excitement.

A Landmark Location: Victory Point Park and South Lake Trail

The development site spans 12.3 acres, located at the prime spot of Victory Point Park and the South Lake Trail. PENLER recently closed on 7.2 acres for $7.4 million, purchasing the property from Wolfe & Wallace Properties. The project is backed by a $45.7 million construction loan from Renasant Bank. The Lumberyard District name pays homage to the site’s roots as a historic lumber mill.

Wolfe & Wallace will grade the entire district and build interior roads as part of the first phase, setting the foundation for the transformation.

What to Expect: Modern Living and Entertainment

The Lumberyard District will include 392 apartments, a two-story parking garage, mixed-use retail spaces, restaurants, and an exciting two-story arcade entertainment venue called The Saw Mill. The entertainment complex will offer arcade games, food, beverages, and music, capturing a lively atmosphere. Designed in a unique Key West architectural style, the development will blend traditional and modern Florida charm, targeting young professionals seeking affordability, access, and lifestyle.

Phase One: Modern Apartments with Affordable Options

The first phase of the project will see the construction of 262 apartments across four multifamily buildings, with 70% designated as one-bedroom units to keep rent accessible. The apartments will feature Hardie Board siding as an homage to the site’s lumber mill history. PENLER also received a city waiver to allow 9-foot ceilings and pitched roofs, enhancing the aesthetic appeal.

Phase Two: Community and Lifestyle Enhancements

Phase two will introduce additional amenities, including a clubhouse, a pool, a live-work building, and more commercial and entertainment spaces. One of the standout features will be a three-story building with a rooftop bar offering stunning views of Lake Minneola. Additionally, 130 more residential units will be built, completing the district’s residential offering.

A Developer with a Vision

PENLER is no stranger to Clermont, having recently developed and sold The Grove at Clermont—a 288-unit apartment community—for $80.4 million. The firm was founded in 2019 by Brian Metzler and Graham Carpenter, both former executives at Pollack Shores. Their past projects include notable developments like downtown Orlando’s Steelhouse apartments and The Princeton at College Park.

A Historic Transformation for Clermont

This project symbolizes a bold new future for Clermont—one that builds on its historic past while creating vibrant new opportunities for residents and visitors alike. Keep an eye out as the Lumberyard District begins to take shape, transforming the downtown area and breathing new life into Lake Minneola’s waterfront.

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