Lennar Homes will start construction before the end of the year on the first phase of Woodland Park, a roughly 400-acre subdivision in Osceola County that's approved for 1,018 homesites.
The nation's largest homebuilder paid $18.5 million this week for the project that was designed in 2015 by Tramell Webb Partners. The community is located south of Orange Blossom Trail and west of Lake Tohopekaliga.
Orlando Division President Brock Nicholas told GrowthSpotter the project had several things going for it, primarily the location close to the Valencia College Poinciana Campus and the new SunRail station. The Developer's Agreement calls for a vital east-west connector road through the community, linking Ham Brown and Pleasant Hill roads.
"It's a really dynamic area and great for investment," Nicholas said. "I just really like the transportation and infrastructure improvements being made there. The residents will have great access to downtown on SunRail."
The subdivision plan calls for 1,018 single family homes, to be built over six phases. The first phase includes 175 homes on 50-foot lots. Later phases include 60-foot lots, and the final phase calls for 228 homes on 40-foot lots.
"Phase one is directly across from Horizon Middle School," Nicholas said. "It's fully engineered. We'll be out there moving dirt in the next 60 days."
Nicholas said the product lineup, floorplans and pricing would be released at a later date, but he confirmed that Lennar would be introducing designs that will be new to this market.
"It's going to be highly amenitized. It will be something Osceola will be proud of," he added.
Lennar has more than 70 Central Florida communities in development following its merger last year with CalAtlantic. It has been one of Osceola County's most prolific homebuilders over recent years, due largely to its two largest resort communities: ChampionsGate and Storey Lake.
Lennar also has a variety of primary residential communities in Osceola, including nearby Eagle Lake, which is in its final development phase.