America’s largest homebuilder is expanding its lot inventory in St. Cloud after paying $3.4 million for a pad-ready mixed-use development on U.S. 192.
D.R. Horton purchased the Thompson Grove project just east of Narcoossee Road. The project has approved construction plans for a mixed-use project with commercial uses on U.S. 192 and a residential subdivision entitled for 90 townhomes and 83 single family homes on 40-foot and 50-foot lots. The 10 acres fronting on U.S. 192 would be reserved for nonresidential uses, with entitlements for 120,000 square of commercial space and 30,000 square feet of office uses. Multifamily development is not permitted.
The sellers were members of the Thompson family, who previously operated a citrus grove on the 46 acres, but it was developer and engineer Randy June who took the property through a challenging annexation and entitlement process.
June first sought annexation for a mixed-use project with 278 residential units, but the project stalled until the after the 2018 local election. The newly elected city council approved the annexation and concept in 2019, and the project now has approved construction plans.
City officials said a plan amendment also has been approved, but it doesn’t appear to change the density or entitlements.
D.R. Horton already has an expansive footprint in the St. Cloud market with its Kindred community and Harmony West, among others. The homebuilder is also in site development for Summerly, 343-lot subdivision on Jones Road where it will introduce its new “Live Modern” line up of home designs.
The Live Modern launch incorporates contemporary design elements, color palettes and roof lines to its most popular floorplans, according to the builder’s website. “Live Modern homes focus on minimal and sleek design details. Modern flooring, fixtures, and doors are highlighted by bright white walls with gray accents.”
D.R. Horton has declined to share details about the Live Modern product line or to reveal any other communities where it will be offered.