Mattamy Homes, of Orlando, has plans to build a 430-home subdivision located in the City of Groveland.
Mattamy has closed on a $9 million deal to purchase land for the 132-acre development without any approvals or entitlements. The development will need a comprehensive plan, zoning and final engineering approvals before construction can begin in January 2023 with sales beginning in mid-2023 or later, according to Jon Droor, Director of Land Management for Mattamy.
Of the 132 acres of land in the purchase, 112 acres are useable.
The development, which will be known as Hampton Park, will include a mix of townhomes and detached homes on lot sizes of 40-foot, 60-foot and 70-foot and will have at least 14 different floor plans.
“I think it is really too early to share a lot of that information, Droor said. “Mattamy closed on this piece without any entitlements or significant approvals, so a lot of those details are going to be worked out during the approval process.”
Alex Stringfellow, of Stringfellow Planning and Design, of Winter Park, is the development’s planner.
According to the U.S. Census, Groveland’s population grew 88.4 percent from 2010 to 2019, from 8,715 to 16,423. By 2020, the population had grown to 18,505. The Census indicates that there were 4,410 households in Groveland as of 2019. The addition of 430 new households would be a significant addition to Groveland and indicates the rapid growth of the city.
In addition, three separate developers are planning to combine three different properties into one community as a 256-acre, 418-unit “live/works,” “front porch” neighborhood known as The Village at Cherry Lake. The development will be located on Cherry Lake and Cherry Lake Road in the City of Groveland and parts of unincorporated Lake County.
Founded in 1978 in Burlington, Ontario, Canada, Mattamy Homes claims to be the largest privately owned homebuilder in North America and boasts that it builds homes for 8,000 families every year. It operates in eleven cities across the United States, including Orlando. According to its website, Mattamy offers personalized homes in the most desired locations across a wide variety of demographics, price points, and ages and stages in life. Their core target market includes first-time buyers and move-up families, as well as the empty-nester and second-home segments.
The company sells homes in 120 communities in the U.S. and Canada and had closed on 8,221 homes by May 2021.
In Florida, Mattamy Homes is best-known for the Celebration Island Village in Osceola County and Meridian Parks, among other projects it has built in central Florida.
GrowthSpotter has previously reported that Mattamy Homes opened sales in June 2021 on 238 single-family homes and townhomes in the initial phase of its Island Village development, and more than 1,000 homes will be completed at buildout. Mattamy paid $48 million for all three phases of Island Village, the final residential village of the Disney master-planned community.
Meridian Park, north of Lake Nona, is a development of more than 4,000 single-family homes, 2,000 multifamily homes and nearly 500,000 square feet of retail/office uses.