Mattamy Homes spent $16.9 million in June to buy a 540.3-acre former sand mine near Clermont, but the genesis of the purchase goes back as long as a couple of years, Mattamy's Orlando land staff says.
Its future as a subdivision is more than a year away.
The land, south of the S.R. 50 intersection with Emil Jahna Road, is now graded with a couple of lakes. Originally it was four parcels that the Nona Land Co., which sold the land to Mattamy, took to the Lake County planning and zoning board to stitch together as a Planned Unit Development and get a few zoning changes approved before it would be approved for the 894 proposed residences.
The land owners asked that an age restriction on the development be removed, saying the market doesn't support that restriction now. It requested amending some minimum lot and setback requirements, and revised some transportation improvement conditions, according to Lake County records. That was approved in December. And the development is still not quite ready for the sales trailer to show up.
The City of Clermont still needs to annex the land into its city limits so the development can get water, sewer and other city services not available from Lake County at that site.
Transportation, too, could still be an issue. The developer will need to do a traffic study to make sure the roads are adequate and, if not, determine necessary improvements. Currently there are no state or county improvements scheduled for that section of road.
Estimated time before home sales start?
"We should be through annexation and construction plan approval by late spring of 2016 and have models open late fall of 2016," said Brent Carey, vice president, Communications for Canadian-based Mattamy.