Advertisement
Osceola County Developments

Mattamy Homes scoops up lakefront subdivision in Osceola

A subdivision that was approved for hundreds of homes and a private marina on Lake Gentry — and then sat on the shelf for eight years — is finally moving forward.

Mattamy Homes has a purchase contract for the 248-acre Lake Gentry Landings on Canoe Creek Road and has filed a Preliminary Subdivision Plan with Osceola County for the boating community. The 708-home neighborhood would be built around a 24-acre internal pond with a marina and boat lift providing access to the Alligator Lake system, a chain of seven lakes connected by canals. Pedestrian bridges over the pond enhance the walkability features for the neighborhood.

Advertisement

The property was rezoned in 2014 to Mixed-Use and has an approved Concept Plan. It last sold in 2015 to Orlando investor Sam Oswald, who bought it with the entitlements for just under $3.4 million. Daryl Carter, president of Maury L. Carter & Associates, represents Oswald, who he describes as a close family friend. He said Oswald’s patience will pay off when Mattamy closes on Lake Gentry Landings.

He said the project was a slam dunk because it has lake frontage, road frontage and a good location. Plus it already had water service when Oswald bought it. “It was kind of like green bananas. We knew it was going to turn yellow,” Carter said.

Advertisement

The submitted PS calls for 135 alley-loaded townhomes plus 573 detached home lots — a mix of 50-foot street-loaded lots and 40-foot bungalows. The marina will be located within a 4.6-acre neighborhood center, but the PS doesn’t offer any specifics on the commercial entitlements for the center. The plan also preserves a large internal wetland and buffer along the lakeshore.

Rj Whidden & Associates is the project planner, and KPM Franklin is the civil engineer.

Canoe Creek Road is fast becoming a high-growth corridor within the county’s Mixed-Use district. Lake Gentry Landings lies directly across the road from Green Island Ranch, a nearly 6,000-acre master-planned community slated to start construction in 2023.

Green Island spans both sides of Florida’s Turnpike and makes up a huge portion of the South Lake Toho Mixed-Use District. Developer Reed Berlinsky and his planning team told GrowthSpotter they plan to start construction east of the Turnpike, with the first of four neighborhoods that are accessible now on Canoe Creek Road.

Project Manager Matt Call with Wheelock Communities said their Concept Plan closely aligns with the South Lake Toho Conceptual Master Plan, which entitles those four neighborhoods for 2,156 detached dwelling units and 1,316 attached homes, for a combined 3,472. The entrance to Green Island will align with the Lake Gentry Landings entrance at a future signalized intersection.

More recently, Osceola’s Development Review Committee approved the Concept Plan and Preliminary Subdivision Plan for Canoe Creek Reserve, a mixed-use community along Mildred Bass Road with entitlements for up to 760 homes.

Just north of Lake Gentry, Atlanta-based ResiBuilt has filed a Preliminary Subdivision Plan for Hickory Village, a mixed-use development with 554 homes and townhomes. If approved, it would be the county’s largest purpose-built rental home community.

Mattamy Homes is the exclusive builder for Celebration Island Village, and recently received county approval for the second phase of that project. But it has sold out of its master-planned Tapestry community in Kissimmee and Phase 1 of Tohoqua in St. Cloud. In Orange County, Mattamy is the developer and builder for Randal Walk and Meridian Parks, a master-planned community approved for more than 4,000 single-family homes, 2,000 multifamily homes and nearly 500,000 square feet of retail/office uses. The builder also has two residential subdivisions in the pipeline in Apopka’s Kelly Park Interchange District.

Advertisement

Mattamy has also stepped up its development program in Lake County, paying $9 million last year for 132 acres in Groveland for its future Hampton Park subdivision.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @byLauraKinsler. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.


Advertisement