Orlando-based civil engineering and land development firm PE Group LLC is entering the permitting phase of its planned 188 single-family home subdivision by Mount Dora.
The site at 5131 N. Orange Blossom Trail, consists of several parcels that together add up to total roughly 193 acres east of Lake Ola.
Robert Paymayesh, principal at PE Group, told GrowthSpotter the subdivision plan was designed in a way to preserve more than 50 percent of its upland area.
Through entity Bargrove LLC, Paymayesh purchased the property in 2015 for $1.7 million from Winter Park-based real estate company Titan Properties. Prior to that, Titan spent about $2.6 million purchasing the land.
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Orange County commissioners unanimously approved the Preliminary Subdivision Plan last year. The approved subdivision allows for 188 detached single-family homes on 85-foot-wide lots.
Paymayesh said the firm just begin the permitting phase, and expects to break ground by the third quarter of 2020.
As designed, the subdivision is surrounded by open space and wetland buffers. About 10 acres east of Cemetery Road are being set aside to Orange County for a possible elementary school.
Paymayesh said he’s received interest from several homebuilders but has not yet signed on any.
Plans for the project have been in place for more than two years. PE Group has worked with county and state officials to assure no wetlands would be impacted and that the subdivision had the appropriate amount of buffer space.