Clearwater developer planning new Four Corners subdivision

Clearwater-based CG Land Development Company is planning to add another 188 homesites to Polk County's booming U.S. 27 corridor in the Four Corners submarket.

The land developer has filed a residential site plan for the 73-acre site, which is southwest of the intersection of U.S. 27 and Four Corners Boulevard. A CG Land affiliate paid $2.2 million for the acreage back in March.  

The land borders the Green Swamp and would be accessed by an extension of Green Swamp Parkway, which would connect it to the neighboring Four Corners and Pines West subdivisions.

Managing Partner Mike Galvin told GrowthSpotter the neighborhood would be comprised of 50- and 60-foot lots. He anticipates getting the project fully permitted by February or March and starting construction shortly after. He has not lined up a homebuilder yet.

"We'll wait until platting to decide on on a name, and that will depend on whether we sell it fully entitled or if we develop it ourselves," Galvin said Monday. "We're doing about half of our deals ourselves and selling the the rest."

Galvin said the company has hundreds of residential lots in development just in the Four Corners area. That includes Bella Verano, a 101-lot subdivision on U.S. 27 across from ChampionsGate, which was sold to Richmond American Homes and Holiday Builders.

CG Land has also been a prolific supplier for D.R. Horton, having developed multiple communities across in the Four Corners submarket for the builder. Those include Tanglewood Preserve and Summers Corner, a 166-lot subdivision on the north side of Dunson Road. 

"We get a lot of repeat business because we build good relationships," Galvin said.

The Four Corners site is in a segment of the U.S. 27 corridor rich in new construction and permitting activity, notably the revamped Tierra del Sol at the northeast corner of the intersection with Bella Citta/Four Corners Boulevard.

CG Land also sold Richmond American and Horton the residential subdivision Watercress, with 233 lots on Adams Road in Auburndale. The community is being developed in two phases. Galvin said RAH just took down 61 lots in Phase 1, and Horton will close this month on 67 lots.

"It's not quite an even split," Galvin said. 

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407) 420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

Copyright © 2018, GrowthSpotter
51°