Mattamy Homesis preparing plans for the next two phases of homesfor its newly-branded "Meridian Park" community, as exclusive builder on the 2,560-acre Starwood property north of Lake Nona.
The Canada-based homebuilder filed a Specific Parcel Master Plan with the city of Orlando for the next two phases (N-1B and N-1C) of its project in the Starwood Planned Development, with these phases to include 324 homes across 128.03 acres.
Mattamy announced last January that it had formed a partnership with Beachline South Residential, owner and developer of the Starwood property, to become exclusive builder of the 2,560-acre community north of Lake Nona.
The Starwood property is located east of S.R. 417 and south of S.R. 528, with access through an extension of Dowden Road. The community will be served by a new high school and elementary school.
The second and third phase areas include 37.43 acres of conservation, 15.43 acres of open space, 2.38 acres of park space and 13.91 acrs of stormwater ponds.
The 324 total units are planned for 276 single-family detached homes and 48 townhomes, with a proposed net density of 3.58 units per acre.
These two phases are designed to be a seamless continuation of Phase N-1A, which had its own SPMP approved by Orlando's Municipal Planning Board in mid-May for an initial 163 homes. A detailed parks and signage plan for that first phase earned city MPB approval in October.
The two newest phases would provide a variety of lot sizes and housing choices, and offer more than four times the required park space.
Mattamy owns an interest in Beachline South Residential, and will acquire lots from the land owner in a series of takedowns, the first of which closed in January 2017.
Beachline is developing the Starwood property, which totals 2,560 acres, with 1,161 net acres slated for single-family residential development. Over time, the property is expected to comprise more than 4,000 single-family homes, 2,000 multifamily units and nearly 500,000 square feet of retail/office uses.
Alex Martin, Mattamy's Orlando division president, told GrowthSpotter that the homebuilder's first phase would include 400 homes with a variety of product lines and lot sizes. The first of those homes will be delivered in 2018.
Over the past 11 months, Mattamy has produced its own theming for the community and a new name -- Meridian Park -- that is in line with the nearby master-planned community of Randal Park that it is also developer of.
Meridian Park is expected to include an abundance of amenities; including clubhouses of different sizes located throughout the community and a 20-plus mile system of interconnected walking trails and bike paths.
The Starwood partnership is Mattamy's largest real estate commitment for its Orlando Division to date and more than four times the size of the Tapestry master-planned community in Kissimmee in 2013.