Park Square Homes will join three other homebuilders to introduce the first townhouse product in the Wiregrass community on Jack Brack Road.
Now Orlando developer Khaled Hussein, who partnered with Park Square on another townhouse development on Jack Brack Road, has a 10-acre parcel under contract that fills in a missing piece for Wiregrass.
“The timing is going to work out well, because we’re going to dig the pond on Jack Brack 1 and we can move the dirt to Jack Brack 2,” Hussein said. The first project is approved for 72 townhomes, but Hussein’s Bavaria LLC and his engineering team at Hanson, Walter and Associates will be able to squeeze 91 units on roughly the same size parcel at Wiregrass.
That’s because Richard Maddalena, land acquisition manager for Century Homes, suggested the townhouse development tie into the stormwater and utilities system in the eastern section of Wiregrass. Hussein and Maddalena had worked together on previous projects, including the Jack Brack acquisition for Wiregrass.
“This deal wouldn’t have worked for anyone unless you do what I did,” Hussein said. “We couldn’t do a pond, and a lift station from City of St. Cloud would have cost $750,000. Instead, we were able to buy capacity from Tavistock.”
He also credited broker/owner Mark Allen with granting him contract extensions to finalize the utility deal with Century and its parent company, Tavistock Development Company.
Wiregrass will have a large community pool and clubhouse, play field and park with tot lot. While the townhomes will have road connections with the subdivision, the parties are still negotiating whether they will have access to the amenities. Wiregrass also will connect to another new subdivision, Sunridge Creek, a 601-home subdivision approved for construction on Jones Road.
Park Square Chief Operating Officer Steve Parker told GrowthSpotter the company was beefing up its townhouse production in the Orlando market to meet the growing demand for affordably-priced homes. The two communities on Jack Brack will be the only ones in the market to feature a combination of front-loaded and rear-loaded townhomes.
Park Square is the only homebuilder offering the attached product on Jack Brack or Jones Road, the two major east-west connectors between Narcoossee Road and Sunbridge, but more are coming to Northeast Osceola County. Lennar Homes will offer townhomes at its future Southern Oaks community on Cyrils Drive, and Beazer Homes recently filed plans for a new townhouse community on Boggy Creek Road, just south of Lake Nona.