Fifty single-family homes are underway in the city of Ocoee, as part of a new K. Hovnanian home community called Ocoee Landings.
Orlando Division President Kyle Upper said the project marks the homebuilder’s first residential project in the city just west of Orlando.
Ocoee Landings was part of an aggressive growth plan executed by K. Hovnanian to open six new communities within the year.
Other KHov communities with grand openings approaching include its gated San Sebastian single-family community in Apopka, and its Sola Vista single-family community with 120 new homes in St. Cloud.
The New Jersey-based homebuilder paid $1.5 million last June for the nearly 14-acre Ocoee property at 1910 E Silver Star Rd.
Developer Chip Bryan of Mijax Companies was the seller. The developer specializes in assembling and entitling prospective sites for future redevelopment.
Adjacent to the Ocoee Landings site, he has an additional 6.89 acres approved for commercial use. The property lies on the northeast corner of Silver Star Road and Lake Johio Drive.
Bryan, a former Florida exec at the Falcone Group, is currently active in Miami, Palm Beach, Orlando, Tampa and Jacksonville.
Construction for Ocoee Landings is underway with prices for homes ranging from $300,00 to $350,000.
Upper said the company launched sales about two weeks ago. The project is expected to be complete within the next two years.
Homes feature stainless steel appliances and concrete patios. Certain homes overlook a pond or open green space, Upper said.
The development is nearby the Florida’s Turnpike, SR 408 and SR 429. Attractions within close proximity include the Ocoee Family Aquatic Center, West Oak Mall and Winter Garden Village.
The Final Subdivision Plat for Ocoee Landings goes before the city commission next week with staff recommendation for approval.
The city is in the midst of a $43 million downtown redevelopment project that will develop its stormwater system, expand its Lakeshore Center and reconstruct and revamp Bluford Avenue.
Business owners in the area have recently complained about heavy construction along Bluford Avenue, though many agree its necessary to turn the city into a more visited destination.
The city’s downtown redevelopment project took effect about two years ago after city commissioners unanimously agreed to secure $25 million in bond funding to cover some of the expenses.
The project is slated to be complete by 2020.
Wharton-Smith Construction was tapped to design and build a new city hall as part of the city’s redevelopment efforts. The new city hall building will be located on the northeast corner of Bluford Avenue and McKey Street.
Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.