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Ashton Woods, Dream Finders and Toll Brothers double-down on Horizon West (updated)

Sun Terra Communities paid $16.35 million for the 385-home Northlake at Ovation community. Ashton Woods will be the homebuilder.
Sun Terra Communities paid $16.35 million for the 385-home Northlake at Ovation community. Ashton Woods will be the homebuilder. (Poulos & Bennett)

Several builders with a long-established presence in Horizon West are making moves to expand their portfolios in the fast-growing planned community.

Earlier this week Sun Terra Communities paid $16.35 million for the Northlake at Ovation Planned Development in Village I as a land-banking deal on behalf of Ashton Woods. The transaction covered six parcels totaling 186 acres on the north shore of Lake Star and west of Avalon Road. It has approved subdivision plans entitling the property for 385 homes.

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The Northlake at Ovation neighborhood would be constructed in four phases. The development program calls for 127 townhomes and 258 detached single family garden homes and village homes. Mass grading plans have been submitted for the first phase, which consists of 39 mixed-use garden homes, 88 village homes and 58 townhomes, for a total of 185 dwelling units.

The builder gives a few reasons why it was looking for a new opportunity in west Orange for a single-family product that's found demand.

Also this week, Toll Brothers announced it would build the Westhaven at Ovation community, which include 368 one- and two-story single-family homes and townhomes ranging in size from approximately 1,700 to over 3,800 square-feet. Toll Brothers is currently close to selling out its executive collection in Horizon West at Lakeshore.

Division President Brock Fanning said construction of the sales center and model homes will start this spring, and sales will launch this summer. The lot sizes range from 35 feet for bungalows to 50-feet for standard single family homes. Home buyers will be able to choose from several all-new floor plans with Farmhouse, Craftsman, and Coastal-inspired exterior designs as well as array of on-site Design Studio selection options.

“We let customers personalize their home,” Fanning said. “A lot of builders these days, they pick out the options, they’ve been specking a lot of houses. Where we allow people to go to our design studio in Orlando and pick a lot of their options. And that’s for the single family, but the multifamily we do the selections on site — but we do let them personalize their home there, as well.”

For example, buyers in the townhomes and bungalow homes will have the option of adding a casita-style living unit over the detached rear garage, he said.

Toll Brothers acquired the 136 acres at the intersection of Avalon and Hartzog roads on Wednesday through a land banking arrangement with D.W. Partners for about $14.76 million.

Westhaven at Ovation will feature several amenities for residents, including a resort-style swimming pool, a fitness center, a playground, a dog park, and more.

Meanwhile, Jacksonville-based Dream Finders Homes is also doubling down on Horizon West’s Hamlin community. Dream Finders, which recently went public and this week absorbed boutique homebuilder Century Homes, is already under contract for 151 lots in Hamlin’s Lakeside community. That deal also was facilitated by a land-banking deal with Sun Terra.

Orlando Division President Gerry Boeneman told GrowthSpotter Lakeside should open its first models in May. The community consists of a mix of 40-foot rear alley access lots, as well as 50-foot and 60-foot front entry lots.

Dream Finders Homes designed a 3-story townhouse product with rooftop decks that will offer prime viewing of Disney fireworks from the Hamlin West area of Horizon West.
Dream Finders Homes designed a 3-story townhouse product with rooftop decks that will offer prime viewing of Disney fireworks from the Hamlin West area of Horizon West. (Handout)

Boeneman said Dream Finders is already planning beyond Lakeside. The builder has a purchase contract on another Hamlin West community called Parkview, which is approved for 225 townhomes. The homebuilder is introducing a new 3-story townhouse concept with rooftop terraces that were designed specifically for this community.

“It’s pretty unique for this area,” Boeneman said. “They’re going to have amazing views.”

He said they worked closely with the architect to make the roof decks reversible, so no matter how the buildings are oriented, the owners will have a view of the Disney theme parks from their rooftop.

All of the townhomes will have a 2-car garage and home office or third bedroom on the ground floor, living space on the second floor. The master and guest bedrooms will be on the third floor, with a staircase leading up to the rooftop access point. With floorplans at about 1,950 square feet, Dream Finders decided against making adding elevators to max out the amount of living space and to keep prices lower.

“The price point of these is going to start in the mid-to-high $300,000s. So it’ll be under $400,000,” Boeneman said.

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Both Lakeside and Parkview will be walking distance to the Hamlin Town Center, which has a Cinépolis movie theater and is slated to get a food hall, hotel and more restaurants. “So these buyers can live in a maintenance-free townhome and walk out their front door into various dining, shopping and entertainment venues,” Boeneman said.

The amenity package at Boyd Development's latest apartment complex includes a traditional clubhouse, along with a barn and stable.
The amenity package at Boyd Development's latest apartment complex includes a traditional clubhouse, along with a barn and stable. (Charlan Brock Architects)

Boyd Development, master developer of Hamlin Town Center, also recently filed an updated Development Plan for the multifamily community just east of the townhomes and south of the commercial center. The revised plan reduces the lot size by about 7 acres and eliminates six apartment buildings.

Boyd previously developed The Lodge at Hamlin apartments. This complex will be called The Homestead at Hamlin Lakes. It would have 373 units — down from 496 in the previously approved plan — and will be built in a single phase. The development plan calls for 203 one-bedroom units and 170 two- and three-bedroom units. Buildings will be a mix of three and four stories, many with tuck-under garages.

A large amenity center creates an urban farm lifestyle, with a homestead clubhouse and leasing center with a pool and dog park. There’s also a separate barn and stable facilities.

The design team is led by Charlan Brock Architects and Dix. Hite Partners. Kelly, Collins & Gentry is the civil engineer.

EDITOR’S NOTE: This article has been updated with additional builder information.

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

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