Orlando-based Elevation Development has been eyeing a particular 120-acre site west of Osceola’s Lake Tohopekaliga for over two years, and now the developer is months from closing on the property.
“Previously, we were about to go under contract but there were some issues and complications on the seller’s end,” Elevation Principal Owais Khanani said. “Then the opportunity came about again a few months ago and we signed a contract. We like the proximity and growth in that corridor.”
The rectangle-shaped pasture land south of Orange Blossom Trail abuts Storey Creek, a 992-home master-planned community now under construction by Lennar Homes. Sedona, a Maranda Homes subdivision, sits immediately to the west.
“The county requires connectivity, so there will be road connections with the Lennar piece and with Sedona,” Khanani said. The Preliminary Subdivision Plan, filed in August, also includes a north-south road connection to Ham Brown Road.
The plan calls for a total of 483 homesites on a mix of townhomes and detached homes on 45-foot and 50-foot wide lots. All of the detached homes will have front-loaded garages, but they will be recessed on the wider lots. The community, dubbed Harbor Reserves, also has a 10-acre school site.
This is the second large residential community Elevation has underway in Osceola County, following the planned 600-home subdivision on Jones Road, north of St. Cloud. Elevation turned to the same development team for both projects: Rj Whidden & Associates is the consulting planner, and Hanson Walter is the civil engineer.
Khanani said it’s still a bit early to finalize the homebuilders for Harbor Reserves. The builder or builders would be responsible for completing the amenities. Elevation expects to close on the property once the county approves its final engineering plans. The developer may bring in multiple builders or sell to one builder in a single takedown.
Elevation also has contract to buy Osceola’s former softball complex on John Young Parkway in Kissimmee. The developer is planning a multifamily community at that location.