Orlando developer Bill Canty received preliminary subdivision approval this week from Osceola County for a 645-lot subdivision straddling Jones Road in the county's Narcoossee area.
Canty's WCFM Nona LLC is under contract to buy the two parcels, which total 163.5 acres. The site borders another 29-acre parcel which is in preliminary design for a 74-lot subdivision.
Civil Engineer Rick Baldocchi, vice president of AVCON, told GrowthSpotter Canty's firm, which also includes investors from South Florida, plans to break ground on the first phase in early 2017. The plan is to start with the north parcel, which has 303 lots divided into two phases.
The southern parcel, which makes up the final two phases, is divided into 343 lots.
"They're going to be selling some pure entitled lots and some developed lots," Baldocchi said. "They're focused on residential and commercial in the area, so expect to see more from them in the next couple of years."
The developer will be responsible for improving Jones Road, which eventually will become a major east-west connector between Narcoossee Road and the future Sunbridge community being developed by Tavistock.
"There's a lot of development activity in that area," Baldocchi said. "It seems like there's a strong demand for land in both the city and the county. These sites are pretty high and dry, and clean. So that makes it attractive for developers."
Jim Reinert, vice president of land for KB Home in Central Florida, told GrowthSpotter the homebuilder is prepping for a lot takedown at Gramercy Farms community, which is south of downtown St. Cloud.
KB is the exclusive homebuilder in Gramercy Farms and has already completed the first two phases. The builder offers eight floor plans starting in the low $200,000s.
The project is designed to be built in seven phases and eventually will have a public park with ballfields, playgrounds and a dog park. Reinert said this takedown will include 138 lots.
"This is a part of our continued long-term strategy for the area," he said.
KB currently has 1,074 lots in development or nearing development spread across eight communities in the Orlando metro area.