For the first time since it acquired AV Homes last year, Taylor Morrison is moving forward with development plans for a new residential community on one of the former AV assets in the Poinciana area.
The Arizona-based homebuilder has filed a Preliminary Subdivision Plan with Osceola County for a 224-lot expansion of its Stepping Stone community in the Solivita Marketplace planned development. The PD across from the massive Solivita retirement community encompasses more than 200 acres surrounding the Poinciana Medical Center.
Taylor Morrison currently offers eight floorplans at Stepping Stone price from the mid to high $200,000s. The neighborhood features a mix of 1- and 2-story homes, some with thee-car garages.
The new section, dubbed Fieldstone, has a minimum 70-foot wide lot size. The developer filed construction plans this week with the South Florida Water Management District for the 93-acre project.
Minneapolis-based Dominium, one of the nation’s largest developers of affordable housing, is also under contract for a 20-acre section of the Solivita Marketplace and hopes to build up to 500 apartments for low-income seniors. The site is part of the former AV Homes Poinciana land portfolio currently being marketed by CBRE on behalf of Taylor Morrison.
Orlando Division President Brian Brunhofer previously told GrowthSpotter the company would move forward with development plans for some parcels while also marketing them for sale.
“We are not divesting our remaining positions in Solivita, or the various other active communities we have in the Poinciana area, but rather running a parallel track to develop and build both of these parcels should we not find buyers we feel are an appropriate fit for these sites,” he said in March.