Hedrick Brothers Obtains $56.5M Loan, Breaks Ground on 366-Unit Project in Kissimmee, Florida

KISSIMMEE, FLA. — Hedrick Brothers Development has obtained a $56.5 million construction loan for The Hedrick at Lake Toho, a 366-unit community along Toho Grande Boulevard in Kissimmee. Construction has commenced, with completion slated for the end of 2028. Pre-leasing is expected to begin in 2027. Located on approximately 22 acres, The Hedrick at Lake Toho will feature a mix of one-, two- and three-bedroom units complemented by a resort-style pool with cabanas and fire pit, clubhouse with coworking and gaming spaces, pickleball courts, a yoga lawn, dog park, pet wash stations, electric vehicle charging, private garages and access to Lake Tohopekaliga and surrounding trail systems. Hedrick Brothers Construction will serve as the general contractor. The team also includes Kimley-Horn as civil engineer, Scott + Cormia as architect, Innovations Design Group as landscape architect and Design Environments as interior designer.