Canadian homebuilder Mattamy Homes is planning a 532-unit resort subdivision in the fast-growing Four Corners area of Osceola County.
The 125-acre subdivision is located on Westside Boulevard, south of U.S. 192 and east of U.S. 27.
Tom McCarthy, Mattamy Orlando's vice president for land acquisition and development, said the plan is to build short-term rentals. The land is zoned for mixed use planned development, which allows vacation rentals. "We're still massaging the drawings, but that's mostly what you find up and down Westside Boulevard," he told GrowthSpotter.
He said the neighborhood would likely feature floor plans with more bedrooms and a larger amenity package than a traditional single-family product. "We could have homes that we typically sell with three bedrooms, but in this case they would have five," he said.
The county's Development Review Committee has approved the preliminary subdivision plan that calls for 461 single family homes and 71 townhomes, as well as a 28-acre conservation area.
"It's going to be a gated community," McCarthy said. "It's going to be fee simple, which allows for individually-owned homes and rentals. There are people who like living in a resort community."
The land is currently owned by Westside SPE LLC and is under contract by Mattamy. McCarthy said the homebuilder intends to close on the purchase once permits are approved, likely in the spring. He expects construction to start in 2016 with the first units available in 2017. The builder hasn't chose a name for the resort yet.