Taylor Morrison Homes has joined with Richmond American Homes in a joint development agreement to build out the final three phases of Southern Pines, large residential subdivision on Nolte Road in St. Cloud.
The Arizona-based homebuilder paid $5.375 million this week for a 47-acre tract that’s bookended by two parcels bought in July by Richmond American. The three parcels combined total 151 acres and comprise all the land in Phases 3B, 4 and 5 of Southern Pines.
Brian Brunhofer, Orlando Division President for Taylor Morrison, said the company was looking to fill a hole in the St. Cloud market after selling out its nearby Hickory Grove community.
“There’s 315 lots total, and we have 155,” Brunhofer said. “We will combine our marketing efforts and market presence as you come in.”
The homebuilders will construct a pool and cabana to serve the new homeowners.
The neighborhood at the intersection of Nolte Road and Michigan Avenue was launched in 2004 by Maronda Homes, but construction stopped before the final three phases were built. Former owner JTD Land received permits for the subdivision in 2013, and those were renewed by the subsequent owner. The new phases are designed to connect to existing sections of the neighborhood on Snail Kite Avenue and Daigledog Drive where the roads currently dead-end.
Brunhofer said Richmond American has already begun horizontal construction on the site, and the builders hope to start vertical construction on models in the second quarter of 2021 with a grand opening planned for the third quarter. Taylor Morrison will offer the same product line that was so popular at Hickory Grove, including the four-bedroom Magnolia model.
Richmond American will offer its Seasons product line, and has begun marketing the community on its website as Seasons at Southern Pine.
Nearby, Lennar Homes has recently launched sales at the 451-home Old Hickory community. Lennar bought the fully-entitled subdivision on Nolte Road in 2019 for $8.1 million.