DHI Communities, a wholly owned subsidiary of D.R. Horton, is beginning to prep about 26 acres in Apopka for a multifamily development.
The company wants to build a 240-unit complex at 2901 Ocoee Apopka Rd., near the AdventHealth Apopka hospital. Plans are part of a larger 100-acre mixed-use community being developed in part by DR Horton and property owner, Thompson Hills Estates LLC, which isled by Jupiter-based developer Malcolm Jones.
Records show Thompson Hills Estates LLC has owned a majority of the land since 2005.
After years of sitting on the property, Jones teamed up with DR Horton around 2017 to begin advancing plans for his Oak Pointe mixed-use project. The homebuilder promised to be in charge of developing a large residential subdivision on about 70 acres of the southern tip of his land.
Construction plans call for up to 118 single-family homes and 106 townhomes.
Meanwhile, its DHI Communities commercial branch is starting the process to develop a new multifamily community just north of the planned residences, called Ascend Oak Pointe.
A conceptual site plan submitted to the city of Apopka shows the developer wants to build eight, three-story apartment buildings and a large clubhouse that will feature a pool.
Other features include bike storage, mail kiosks and garage rentals. Studio units, as well as one- and two-bedroom apartments will be available for rent.
The growth is in large part activated by an increase in population in western Orange County, and the Wekiva Parkway project that stretches S.R. 429 all along metro Orlando’s western edge.
Nearby, a joint venture tied toThe Collier Companies and Benge Developmenthas plans to develop a new town center community that will feature 200,000 square feet of retail/restaurant space, a new YMCA and more than 600 new apartments.
Park Square Homesis developing the second phase of its Emerson Park (105 townhomes) residential community near AdventHealth Apopka and the new Marden Road interchange.
In recent months, vacant property along S.R. 429 has also lured in high-profile companies and investment dollars from industrial real estate developers.
Companies such as e-commerce giant Amazon, Goya Foods, Universal Studios Orlando and Coca-Cola Co. are building or planning to lease distribution centers near the roadway.
Just recently GrowthSpotter reported that Orlando-based real estate firm Cadence Partners LLC partnered withNew York-based real estate investment group Clarion Partners on a proposed speculative 189,000-square-foot industrial project directly off the Daniel Webster Western Beltway.