Orlando-based Nvision Development Management Services is prepping the first phase of a new master-planned community along the booming Osceola-Polk County line.
According to a conceptual site plan filed in Polk County, the developer is planning to build 120 townhome units in part of a multi-phase project called Forest Hills.
The first phase would rise on nine of the 40 acres of vacant land that the developer purchased in December for $7 million through entity AP Forest Hills LLC.
The property sits west of a Publix-anchored shopping center located on the southwest corner of C.R. 532 and Lake Wilson Road.
Separate from the townhome development, the site plan reveals room for more residential or multifamily development, in addition to a half-dozen outparcels fronting C.R. 532, suggesting the planned development will feature retail space.
Plans for the site have been in the works before. The developer filed a zoning application for a Planned Unit Development called Reunion at Forest Hills last summer, but later withdrew it.
Nvision's Ian McCook and Matthew K. Johnson of JSK Consulting, who submitted plans on behalf of McCook, were not immediately available to comment.
The entire 40-acre site sits about a half-mile east of Encore Capital Management's 108-acre mixed-use Reunion Village development, which will be anchored by an Orlando Health medical campus and includes 300 home sites.
The massive project has helped trigger a surge in new home and commercial development along C.R. 532, which straddles Osceola and Polk counties.
Projects in the pipeline include Legacy Union Park, underway just a mile west of Forest Hills. Developer Goldberg Companies recently completed the first 318-unit apartment phase and is currently building the second phase of the project.
Orlando-based Crystal Homes is also planning a vacation townhome and apartment development nearby called Crystal Ridge. DeBartolo Development is building a 326-unit mix of townhomes and apartments in Reunion on Sinclair Road.
Just across the nearby I-4 interchange is ChampionsGate, where a number of retail and dining projects are being planned along with new class-A apartments.