An Orlando developer could be in the market for part of the former AV Homes Poinciana portfolio acquired last year by Taylor Morrison.
Located on Cypress Parkway and west of the Solivita retirement community, the 190 acres in Polk County has been the topic of a pre-application discussion.
Property Investment Brokers’ Keith Trace is named as engineer in the pre-application request document. He declined to comment.
Trace asked Polk County planners how the prospective buyer could develop the property outside of Haines City along Cypress Parkway into a mix of industrial, retail and residential. The owners aren’t entirely sure what they will do with the land but are exploring procedures and allowances with the county, Senior Planner Thado Nick Hays told GrowthSpotter.
At the pre-application meeting with county planners this month, the owners asked “what they would need to do to have a portion industrial, retail, residential,” Hays said. “We just basically went into the next steps to get any of those types of uses.”
Any development would require a modification of the existing planned unit development, approval from the Polk County planning commission and approval from the state, Hays said.
The property currently is zoned industrial and falls under Florida’s development of regional impact law, which means any plans – even with county approval - will need the state’s blessing.
There also are wetlands that may have to be mitigated and a secondary road north of the property also would need to be upgraded by the developers. The property will have to be connected to Haines City utilities, Hays said.
“There is so much going on with the property,” Hays said.
Taylor Morrison has been marketing assets it acquired from AV Homes in the Poinciana area, most of which is in Osceola County. The Polk County portion of Solivita Grand is at northwest corner of Poinciana Parkway and Cypress Parkway and is envisioned as a commercial center with entitlements for 700+ apartments and over 430,000 square feet of commercial uses, according to previous GrowthSpotter reporting.
Property Investment Brokers, led by CEO Vijay Luthra, was established in 1987. PIB owns more than 4,000 residential lots and more than 5,000 acres of land, all throughout Central Florida, according to the company’s Web site. PIB also produces components with industrial warehouses, retail shopping and developments.
PIB has been involved in other Haines City developments including Estates at Lake Hammock, a 119-acre subdivision on C.R. 17 that it sold to Lennar.
Bobby Luthra, director of operations at PIB Land, is out of the country and unavailable for comment.