A local developer is planning to add 72 town homes to the multitude of single-family home subdivisions that have sprouted around Lake Minneola High School in southeastern Lake County.
Holden Ridge Townhomes of Minneola will bring 12 buildings, each with six units, to nine undeveloped acres at 15910 Babair Lane. The developer is Fasas Development LLC of Orlando.
“The use of multi-family in this area is needed,” said Chuck Hiott of Booth, Ern, Straughan & Hiott, a consultant on the project.
Eight buildings will stretch east from the end point of Babair Lane, which will become a cul-de-sac. Four more buildings will be south of those, to the east of an existing single-family home that adjoins the project.
Plans call for a private new road, Holden Ridge Lane, to circle the gated project, and Babair Lane will be improved. Hiott said construction should start “in the next couple months.”
Booth, Ern, Straughan & Hiott of Tavares is handling engineering and surveying for the project.
The property backs up to the final phase of Taylor Morrison's 384-home Canyons at Highland Ranch subdivision, where home prices start in the mid-$300s and top out in the $600s. Hanover Family Builders is now selling Phase 3 of Ardmore Reserve, just north of the Fasas property. Base prices in Ardmore Reserve range from the low $300s to $420,000.
Holden Ridge sits south of the massive Hills of Minneola planned unit development centered on the intersection of Florida’s Turnpike and North Hancock Road. That project is expected to bring nearly 4,000 homes, 890,000 square feet of retail/commercial, 850,000 square feet of office, 1.4 million square feet of industrial/research park, and a future school site to the area.
Reporter Laura Kinsler contributed to this report. Have a tip about Central Florida development? Contact me at Newsroom@GrowthSpotter.com or (407) 420-6261. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.