The 75-acre mixed-use Tyson Ranch project south of Orlando International Airport has drawn in M/I Homes to develop its planned townhomes.
The homebuilder was listed as the contract purchaser in a Preliminary Subdivision Plan application recently filed in Orange County by Maitland-based developer Ralph Singleton.
The PSP depicts 320, two-story townhomes on about 36 acres of land within Singleton’s Tyson Ranch Planned Development at 14700 Boggy Creek Road.
Daniel Kaiser, vice president of land for M/I Homes of Orlando, told GrowthSpotter the company is working with the seller and its consultants to finalize the engineering and approvals needed to solidify the deal.
“It is a fantastic location in Orange County with great access to the airport, employment centers like Lake Nona hospitals and the road network to move easily throughout the Orlando area,” Kaiser said.
Claude Cassagnol with GTC Engineering Corporation is the civil engineer. Daly Design Group is the landscape architect.
The site plan for the gated community features, two playgrounds, a dog park and resort-style pool with a cabana and deck area. Other amenities include access to exercise trails, bike racks and a mail kiosk.
The townhome community is the largest component of the mixed-use project. Plans for Tyson Ranch also include a 324-unit apartment complex being developed by luxury multifamily real estate firm Bainbridge Companies.
In addition, the 75-acre mixed-use project features entitlements for up to 250 hotel rooms and more than 187,000 square feet of commercial, storage and office space.
Singleton Development paid $5.15 million for the property in 2012.
For more than 100 years the site, which sits northwest of Osceola County Road 530 and State Road 527, was used as pasture land.
The developer filed a LUP with the county in 2015 seeking entitlements that would allow for 750 apartments, 250 hotel rooms and 1.2 million square feet of commercial, office and airport/medical uses.
Since then, the project has been tweaked to complement surrounding communities and to support infrastructure plans like the widening of Boggy Creek Road. The Tyson Ranch PD was approved by the Board of County Commissioners in 2019.
Singleton’s mixed-use project follows a widespread drive to bring more suburban and urban living projects around the outskirts of the master-planned Lake Nona community.
Other developments following suit include a 32.5-acre mixed-use development between Narcoossee Road and Lake Whippoorwill with more than 350 apartments being developed by Bainbridge Companies.
Just north of that site, North Carolina-based Crescent Communities is seeking to develop roughly 17 acres for residential or live-work units on Narcoossee Road and a separate 260-unit apartment community called NOVEL Nona.
South Florida-based Futura Development Company is developing a mixed-use project at 14806 Narcoossee Rd. that will feature more than 250 luxury apartments, a 122,000-square-foot self-storage facility and about 32,000 square feet of commercial and retail space.
M/I Homes is also developing Encore at Ovation within Horizon West, which consists of 432 lots. The project features three different product types within four phases.
Other residential developments include the 110-lot Hull Island at Oakland single-family community in Winter Garden, and the 92-lot Hideaway Cove single-family community in Oviedo.