In the wake of the approval of the massive Olympus Sports & Entertainment Group mixed-use project in Clermont, another real estate company is proceeding with plans for a 578-lot subdivision immediately south of that community.
Hanover Land Co. of Orlando has filed applications for environmental permits and other documents relating to its Ridgeview single-family residential project between U.S. Highway 27 and Schofield Road, south of the master-planned, sports-themed community.
As the name suggests, the land company intends to take advantage of a pair of hills on the property and a sloping landscape to provide “really nice views,” Hanover vice president Ben Snyder said.
“It’s a great location,” he said. “We like the exposure on 27, we like the beautiful views from the top of the hills, the schools are excellent. It’s just a very well-rounded project.”
Hanover closed on the first phase of the project in December, paying $2.7 million for land along U.S. 27. Snyder said the company expects to close on the project’s east side, another segment of a huge former citrus grove owned by the Clonts family, next year.
That would give the development 152.4 acres. The Ridgeview PUD breaks the site into five development phases, with a 152 lots and the amenity center slated for Phase 1. Plans call for 40-, 50- and 60-foot lots, with homes starting at 1,500 square feet going up to 4,700 square feet. Potential home prices haven’t been established.
The company expects to break ground on the first two phases in the late third quarter or early fourth quarter of this year.
Unlike the Olympus community to the north, Hanover will not be seeking annexation of Ridgeview into the city of Clermont. It is in unincorporated Lake County and the company considers the county “a good partner to work with on the deal,” Snyder said.
Hanover had proposed a similar 629-home community earlier this year in Howey-in-the-Hills, but pulled out of the project after the City Council denied the rezoning request.
Olympus Sports & Entertainment Group in May received approvals from the Clermont City Council for a project with a mix of 600 multifamily and 800 townhome units, more than 1,300 hotel rooms, about 860,000 square feet of retail and office space, and nine sport and civic venues showcasing a variety of traditional and non-traditional sports, including the emerging online video game “esport” industry.
The single-family subdivision could provide a good balance to the sports complex’s multifamily offerings. “We’re coordinating design, utilities and architecture, and we hope to complement each other,” Snyder said.