Taylor Morrison pays $4.3M for Hamlin Town Center subdivision site

National homebuilder Taylor Morrison has purchased 42 acres in Hamlin Town Center in Horizon West for $4.3 million.

The land on Hamlin Groves Trail lies northeast of the Walmart Supercenter at Hamlin Town Center and west of the new medical campus and proton center on New Independence Parkway.

The seller was an affiliate of Boyd Development, master developer of the town center. This is Taylor Morrison's third land acquisition in Hamlin. 

"They've been great partners," Boyd partner Ken Kupp told GrowthSpotter. Taylor Morrison is also actively building at Overlook and The Cove.  

The site had an approved Preliminary Subdivision Plan and grading permit, but the buyer sought and received a PSP revision in March. The new plan reduces the overall density by 20 units, replacing the townhomes with detached single-family homes on 34-foot lots to accommodate the builder's "new urban cottage" floorplan.

"They've been very successful with the smaller, bungalow-type homes," Kupp said. "They have a similar product at The Cove."

The neighborhood also will have 26 single-family homes on 60-foot lots. Taylor Morrison currently offers five floorplans at Overlook on similar-sized lots.

The original townhome-dominant plan was comparable to Park Square Homes' new Ravenna project in Horizon West. That community includes a mix of 23 single-family homes and 80 rear-load townhomes. 

NVR, Inc., parent company of homebuilder brands Ryan Homes, NVHomes and Heartland Homes, partnered with construction manager DDC in November to acquire 61 acres west of the Hamlin Town Center, where 285 lots will be prepared for NVR's staged takedown.

And Mattamy Homes is developing Hawksmoor, the 254-acre former Zanzibar property on Old YMCA Road, a Frank Lloyd Wright-inspired community with up to 461 lots to offer everything from townhomes to 90-foot estate home lots.

Boyd filed a Development Plan on March 16 for the first 20,000 square feet of retail uses in the 16-acre commercial lot at the corner of Hamlin Groves Trail and New Independence Parkway. 

The plan calls for a 7,985-square-foot tire store and an 11,676-square-foot drive-through car wash and detail center. Kupp declined to reveal the names of the tenants but said they would be in keeping with the standards at Hamlin.

"It's not your typical tire store," Kupp said. "It's a high-end, luxury facility."

Kupp said that retail village can accommodate up to eight users, and Boyd is currently in negotiations with three potential users.   

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.

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