An affordable home subsidiary of builder Ashton Woods has 26 acres under contract near Orlando's College Park, with plans newly filed for a 203-unit townhome community.
Located at 3215 Shader Road, the 26.15 acres lie across three parcels between Heatherington Road and Eunice Avenue northwest of College Park, all owned by members of the Mark and Claire Heatherington family or their trusts.
It was marketed over the past year by Margery Johnson of Cushman & Wakefield. Mark Heatherington had opened his Heatherington Machine Corp. in 1949 on Shader Road, which manufactured parts for a range of industries including aerospace.
The homebuilder filed requests with the City of Orlando within the past week to annex the property, amend the Growth Management Plan to low-density residential, and rezone to Planned Development for a townhome community dubbed "College Park West."
The project would feature 203 rear-loaded townhomes on 20-foot lots, with a construction start forecasted for July 2019, completion by April 2020, and be built under Ashton Woods' affiliate Starlight Homes.
Starlight was launched in 2016 as a brand meant to serve first-time homebuyers at the lower end of the price spectrum than the company had been reaching. The company highlights its focus of keeping homeowner monthly payments near the mid-$800s.
It has six active developments in Central Florida of small single-family homes in Lake, Seminole and Polk counties. This would be its first in Orange, and first local venture into attached townhomes.
In Metro Atlanta, Starlight has two attached townhome developments with monthly mortgage payments advertised as between $676 and $724.
Officials with Starlight Homes did not respond to requests for comment on Friday.
The developer is not seeking any density or intensity bonuses from the city.