The Florida subsidiary of a Colorado homebuilding giant has acquired 35 acres in Leesburg and is planning a 97-lot community with construction to begin in the first quarter of next year.
The new Richmond American Homes community is billed in plat documents as Park Hill-Lakeside, sitting between the Lake Harris Conservation Area and the Sleepy Hollow Sports Complex southeast of U.S. Highway 441.
Documents filed with Lake County indicate Richmond American paid $1.24 million each, or $2.48 million, in August for two tracts that will make up the new subdivision.
The company will offer buyers its Seasons Collection homes, which feature versatile floor plans with three to six bedrooms and up to 2,800 square feet.
“Leesburg is a community that appeals to a wide range of homebuyers, and we feel that our Seasons lineup will provide them with a perfect home in a great community with both natural and existing amenities in close proximity,” said Kenny Smith, Richmond’s Orlando division president, in an announcement of the development.
A Richmond spokeswoman said the new development will offer the same floor plans that are offered at the nearby Seasons at Hillside, another Richmond project in Leesburg. Those six models range from in square footage from 1,610 to 2,800 and base price from $219,950 to $268,950.
Richmond American is a subsidiary of M.D.C. Holdings Inc., a publicly-traded corporation based in Denver that has built more than 200,000 homes since 1977. The parent company has operations in Arizona, California, Colorado, Maryland, Nevada, Oregon, Utah, Virginia and Washington in addition to Florida.
M.D.C. also offers mortgage lending, insurance and title services under additional subsidiaries.