Why Ivanhoe Village's 10-Story 276-Unit Broadstone Lake House Is So Big

The ten story 276-unit project coming to Ivanhoe Village called Broadstone Lake House at 301 NE Ivanhoe Blvd (MAP) is considered mixed-use. If a building is deemed mixed use, it gets a density bonus. Density bonuses are meant to implement Growth Management Plan objectives and policies that...
  1. encourage a compact urban form
  2. incentivize infill development
  3. encourage mixed use development at or neat the maximum density so that public services and facilities can be provided efficiently 
If a building gets a density bonus they can have 200 dwelling units per acre versus the standard 75, which is the case with Broadstone Lake House.  All the developer has to give up is at least 10% of the building. That means 10% of the building can't be dwelling units. 

In the case of Broadstone Lake House, floors 2 through 10 will be multi-family residential units. To get that many units approved, the first floor will have 12 live/work units and a community workspace. That 39,664 sq ft of space dedicated to the live/work units and the workspace equals 10% of the building's 396, 347 sq ft and that (along with a few other requirements) gets them the chance to add more apartments on floors 2 through 10. 

The developer of Broadstone Lake House has also requested permission for additional height to raise it from 110' to 120' because the property slops down from back to front towards Lake Ivanhoe.

This project goes before the Municipal Planning Board on March 21st.

The 2.11 acre property currently houses the Fairchild Funeral Home and Crematory (Website), built in 1940.
"Constructed in 1940, the Art Deco building was a modern and up-to-date funeral home offering ambulance service, a crematorium, and an on-site chapel. Fairchild Funeral Home, one of the oldest continually operating funeral businesses in Orlando, faced tough competition from Carey Hand Funeral Home, established in 1907. Fairchild capitalized on their modern facilities with heavy advertising and erecting a large roof top sign in the 1950s. Though slightly changed from the original design and orientation, the sign consists of a large metal frame and five-foot tall channel letters with plastic faces and neon tubing inside." -City of Orlando
The furneral home is topped with a neon sign which Orlando Weekly named of the top 27 historic landmarks that haven't been destroyed yet. It was named a landmark sign in 1996 by the City. Many of Orlando's old neon signs get saved and stored in the Charles Hosmer Morse Museum of American Art's private neon collection started in the 1970s by Hugh McKean, the museum's original director.