Park Square Homes seeks entitlements for 166 single-family homes planned in phase four of its Summerbrooke development in Mount Dora, according to filings with the city.
The development, which stretches from Wolf Branch Road at its northern end to State Road 46 at its south and has access to U.S. Highway 441, benefits from a spur that provides easy connectivity to State Road 429, the toll highway that's part of Metro Orlando's Western Beltway.
"We anticipate we will break ground in the first quarter of next year, based on engineering permits and approvals being completed," said Scott Johnston, vice president of land development and acquisition at Park Square.
Homes would be built on 50-foot lots on approximately 60 acres, with future land-use being revised from urban expansion to low-medium residential, according to filings with the city, and connect to the current eastern end of Natoma Boulevard.
Park Square is spread out geographically in its activity as part of its approach to handle a potential minor economic slowdown if the boom for building were to ebb.
"I think like most we're optimistic that things will continue at a healthy pace, but at the same time we're watching cautiously and not trying to be overly aggressive," Johnston said. "Possibly some cooling is coming in the next 3-4 years, like most everybody is thinking."
Summerbrooke has a mix of townhomes and single-family homes. Its PUD Master Plan allows for 557 homes total, with 427 of them single-family and the remaining 130 mostly townhomes with some duplexes and triplexes. The development connects to the existing Summerview at Wolf Creek Ridge neighborhood, which should close out just as development begins on Summerbrooke Phase 4, Johnston said.
Another 20-30 homes to follow in Phase 5 call for working around wetlands issues and could be built on a custom basis, he said.
Park Square, which will develop the land and serve as contractor, first built in Summerbrooke in 2013, according to its website. Other current Park Square developments are located in Apopka, Davenport, South Lake, Sanford and St. Cloud in Central Florida, as well as Apollo Beach in the Tampa Bay area.
Plans for Phase 4 are in the revision stage before the city's Development Review Committee. Attempts to reach Park Square for comment were unsuccessful.