Tramell Webb Partners recently sold its interest in Parkfield, an approved 39-acre subdivision on Hickory Tree Road, to a division of Arizona-based AV Homes.
Parkfield is on the west side of Hickory Tree, adjacent to KB Homes' Gramercy Farms community and about a half-mile south of Jones Homes' huge active adult community, Twin Lakes. The controversial Hanover Lakes project is across Hickory Tree Road, on Alligator Lake.
The project was approved in January by Osceola County and was subsequently annexed by St. Cloud. The community is divided into three phases with 82 lots planned for Phase 1 to be followed by 32 and later 36 lots.
Amenities include a community pool, clubhouse, playground and trail network. Dewberry was the project engineer during the permitting phase.
Royal Oak has multiple active projects in Osceola County now, including Hanover Reserve on Zuni Road. In February, Royal Oak paid $1.33 million for the remaining lot inventory in Magic Landings, just off E192 between Kissimmee and St. Cloud.