KB Home is looking to add a new residential subdivision to Apopka’s rapidly growing Kelly Park Interchange District.
The California-based homebuilder has submitted plans to the city for 150 townhomes and 27 detached homes on 45 acres at the southwest intersection of Kelly Park Road and Chandler Road. That amounts to 5 units per acre.
Under the project titled “Kelly Park Estates,” the company is also seeking to set aside 9.3 acres on the northeast edge of the property for future commercial development, according to site plans drafted by engineering and planning firm Kimley-Horn.
KB Home’s spokesperson Cara Kane could not be reached for comment.
The application is requesting to rezone the property so it adheres to the city’s Kelly Park Interchange District — a zoning overlay created by city officials to help drive future development and economic activity to the once sparsely developed region. Currently, some of the site is zoned for agricultural uses. The homebuilder would need to change the future land use of those parcels to residential.
The parcels are currently owned by an entity titled Kelly Park Road Property LLC, which paid roughly $1.9 million for them in 2016 and 2020. That entity lists James Gissy as its registered agent. He’s currently the executive vice president of Westgate Resorts.
This would be KB Home’s third housing project either in the pipeline or in some phase of construction in this heavily residential area of Apopka.
Plans filed in October for a 129-lot subdivision by the name of Laurel Oaks listed KB Home as the developer. That site is an assemblage of parcels totaling 42 acres, on the northwest corner of Joey McGuckin Road and Plymouth Sorrento Road. The plan, which also requires a zoning change, is still pending final approval from the city.
KB Home’s 48-lot subdivision, Legacy Hills, is currently under construction between Plymouth Sorrento and Schopke Lester roads. KB Home’s website shows seven floorplans available for sale, ranging in price from $425,990 for a 1,800-square-foot, four-bedroom, two-bath home to $520,990 for a 3,203-square-foot home with as many as six bedrooms and four ½ baths.
In late 2020, KB Home paid $1.92 million for the 20 acres where Legacy Hills is being built.
The latest KB Home residential project for Apopka joins a number of others in the works for this Northwest Orange County market.
Illinois-based Wingspan Development Group is teaming up with Tampa-based developer ABC Capital Corp to bring a mix-use village with restaurants, retail space and multi-family apartments to the Kelly Park Interchange.
A development plan currently going through the city review process seeks to annex a 21.4-acre assemblage near the intersection of Plymouth Sorrento Road and W. Kelly Park Road into the city and rezone the parcels currently designated for single family residential to the appropriate land usage.
The Village on Kelly Park development, if approved, will be a blend of indoor/outdoor cafes, sit-down restaurants and retail along with 388 apartments, according to plans.
Clearwater developer Mike Galvin is working on plans to bring 675 single family residential units and 300 apartments to 180 acres between Effie Drive and Round Lake Road, just north of Kelly Park Road.
Pulte Homes is pursuing what could become its second residential community in the Kelly Park Interchange district, seeking to bring another 140 homes to 40 acres at 3100 Ondich Rd. and 5704, 5706 and 5708 Plymouth Sorrento Road.
And as DHI Residential, an affiliate of D.R. Horton, is now leasing homes within its new build-to-rent Avian Pointe community near US-441 and FL-429, Taurus Investment Holdings has started construction on the 276-unit multi-family phase of the project.
The city of Apopka, overall, has 84 development projects either in the planning phase or under construction, according to city records provided to GrowthSpotter. All told, they’d add 9,900 housing units and more than 14 million square feet of commercial space to the city’s inventory.
Operating in more than 47 markets across the U.S., KB Home is one of the largest homebuilders in the United States and has built over 655,000 homes in its more than 65-year history, according to its website.
KB Home had the fifth highest number of closings of any home builder across the country in 2021 with 13,472, according to Builder 100.
In the first quarter of 2022, the company brought in $1.40 billion in revenue, an increase of 23 % compared to the same quarter last year, according to its latest quarterly report released in March.