New Workforce Housing Project “Walden Pond” Set to Transform New Port Richey by 2026
New Workforce Housing Project Set to Transform New Port Richey
New Port Richey, FL — In a significant move to address the growing demand for affordable housing, Fort Lauderdale-based development firm Alexander Goshen has announced plans for a new mixed-income multifamily community, Walden Pond, in New Port Richey. The $30 million project, developed in partnership with Avanti Residential, is slated to break ground in the first quarter of 2026, pending final approvals from local authorities.
Located on nearly nine acres just west of U.S. Highway 19, the site of a former mobile home park will soon be home to 125 thoughtfully designed rental apartments. The community will feature a diverse mix of studio, one-, two-, and three-bedroom units, emphasizing environmental sustainability and community connection.
“This project reflects a thoughtful approach to the future of housing in New Port Richey,” said Miles Alexander III, Founder and Principal of Alexander Goshen. “Our partnership with Avanti Residential brings additional expertise and long-term vision to the development. Together, we’re creating a resilient, vibrant community that aligns with the city’s evolving housing priorities.”
The design of Walden Pond includes three four-story residential buildings with ground-level parking, incorporating flood-resilient features informed by the historic storm surge of October 2024. Planned amenities will enhance community interaction and well-being, including a dog park, pickleball court, children’s playground, and landscaped open spaces.
Financed through HUD and other state and local sources, Walden Pond aims to meet the increasing demand for workforce housing in the Tampa Bay region, showcasing the power of public-private collaboration.
Avanti Residential, led by Christopher Martiner, brings a wealth of experience in affordable and workforce housing development, utilizing innovative financing strategies to ensure the project’s success.
Founded in 2014, Alexander Goshen has established itself as a leader in real estate development, focusing on value-add acquisitions and urban revitalization across the southeastern United States. With over 2,500 units under its belt, the firm is committed to elevating communities through innovative and sustainable development practices.
As New Port Richey continues to grow, the Walden Pond project stands as a beacon of hope for residents seeking quality housing options, promising to foster a sense of community and resilience in the face of future challenges.