A roughly 20-acre parcel in Winter Garden rimmed by residential development is about to go the same route, with 45 homes planned for the land in a $20 million development.
Stanton Estates will be built on Bay Street, an area that has become a favorite of home developers for its close proximity to Winter Garden's historic downtown and the West Orange Trail.
The new development will have communities Valencia Shores to its west, Traditions to its east and Lake Cove Pointe to its north, all near Lake Apopka. The property was originally farm land in the 1950s, and today is occupied by pine groves.
Site work by developer Jr. Davis Construction Co. is expected to begin this month. The final platting process must first be completed and a couple of Gopher tortoise burrows relocated with help from the St. John's River Water Management District, according to Winter Garden city planners.
Jr. Davis Construction, a major road builder, currently owns the land, having bought it for $1.55 million in 2014 from members of the Hennig and Williams families, property records show.
Once the company handles such matters as power, water, sanitation, communications technologies and roads, the 19.74-acre site will be sold to homebuilder Richmond American Homes.
Jim Reinert, president of Richmond American's Central Florida division, told GrowthSpotter that Jr. Davis Construction should be done providing infrastructure by summer's end.
Richmond American will then make the purchase, accounting for all the site improvements. Subcontractors will be sought and home building should begin in the Fall.
Prices will run from the mid-$300,000s into the $400,000s and home sizes will range from 3,100 square feet to 4,200 square feet.
Stanton Estates will be Richmond American Homes' 11th residential community in the Orlando area in the last two years. The company showed off for realtors on Thursday night its 10th subdivision, North Pointe, a new 50-home community south of Lake Nona.
Reinert said Richmond American Homes still sees plenty of opportunity in the Orlando. "People are seeing the advantage of living here," he said.