Haines City has approved plans for a 182-unit townhouse community on the rapidly growing C.R. 544 corridor east of Little Lake Hamilton.
"A lot of the development we're seeing in Haines City is single family," Deputy Director of Development Mark Bennett said. "This is a great project because it's a different housing type. Not everyone wants a 3/2 with a lot to mow."
The project is part of a 28-acre assemblage owned by real estate investors Brenda and David Giles that also includes 7-plus acres of commercial uses. It abuts a post office and stretches from C.R./S.R. 544 to Alta Vista Drive. The couple purchased the land through an affiliate company in 2005 for nearly $1.3 million.
Maitland-based developer Ray Bradick is leading the project through its entitlements and permitting. Last week the City Council rezoned the residential portion of the project to Residential Planned Unit Development.
The ordinance was accompanied by a Preliminary Subdivision Plan, which also detailed the amenities: a community pool, clubhouse, tot lot and dog park. Bradick told GrowthSpotter he is negotiating with a national homebuilder to construct the community.
Dave Schmitt Engineering produced the PSP, which also calls four commercial buildings on the 7-plus acres fronting on Scenic Highway, with a combined total of 54,352 square feet. That portion of the project was not a part of the rezoning.
"The part that's shown as commercial on the PSP is already zoned commercial," Bennett said. "The developer just wanted to include it on the plans to show the mixed-use nature of the project. Also, the entrance to the townhomes is through the commercial portion."
Bradick said the owners would decide how best to market the commercial portion of the project once the homebuilder is under contract, because the townhomes will drive the demand for the commercial use.
"The plan is to market it either to individual users in a parcelized manner or to a single developer," he said. "It's flexible to whatever fits the end user."
Borrelli+Partners is the landscape architect.
Magnolia Village is the latest residential community approved by the city in the last year on 544 corridor, including a new 367-lot subdivision being developed by the Cassidy Organization about a quarter-mile south of Magnolia Village.