M/I Homes wants to build new residential communities in two of the fastest-growing areas in Orange County.
In Horizon West, the homebuilder was listed in a Preliminary Site Plan application in Orange County seeking to build up to 99 townhomes on a 15.5-acre lot at 10553 Avalon Road. The proposed residential community is part of the second phase of a larger development by landowner Titan Properties.
The first phase, a 340 unit apartment community called Vintage Horizon West, was recently completed by Tennessee-based multifamily developer TDK Construction Company. The apartments are located just north of where the townhomes are being planned and will be connected by walking trails. Poulos & Bennett is civil engineer.
Records show Titan Western Beltway LLC, an investment affiliate managed by Titan Properties’ Dell Avery and Stan Pietkiewicz, paid $1.05 million for the property in 2004. The roughly 35-acre site sits directly across from D.R. Horton’s Waterleigh master-planned community.
D.R. Horton’s commercial arm DHI communities recently submitted plans in Orange County seeking to activate plans for a 280-unit multifamily community on 11.4 acres nearby on the southwest corner of and Waterway Passage Drive and Avalon Road.
Titan Properties has worked with the homebuilder before. Last month, M/I Homes purchased a 206-lot subdivision in Osceola County. Bay Lake Farms, which is adjacent to D.R. Horton’s Harmony West, is slated to begin construction this month.
This isn’t M/I Homes’ first project in Horizon West. The homebuilder is currently selling homes at its Encore at Ovation residential community, which consists of more than 400 lots at 17776 Flemings Rd., on the western edge of Ovation with frontage on Lake Mac.
In Apopka, M/I Homes is under contract to purchase about 70 acres from Winter Park-based real estate company Demetree Global with plans to build a 225-unit residential community along the John Land Apopka Expressway (S.R. 414).
Ricardo Diaz M/I Homes’ land entitlement and development manager in the company’s Orlando, is requesting a change in the future land use designation of the property to City Mixed-Use, which permits a maximum density of 15 dwelling units per acre and 1.0 FAR.
M/I Homes is proposing to construct a 225-lot single-family detached and townhome development that will reserve about 1.5 acres of land along Marden Road for future commercial development.
Of the 70 acres, 26 acres will be reserved for open space, and about 10 acres will be reserved for recreation amenities. Plans show features include a swimming pool, cabana with restrooms, playground, and a rock-climbing wall.
Apopka city council members will review plans next month at a city commission meeting scheduled July 7. Luke Classon of Appian Engineering is the civil engineer.
The property at 1801 Marden Rd. and 1900 S. Hawthorne Ave. is located near the AdventHealth Apopka hospital, built in 2017.
The area’s abundant and fast-paced growth is quickly drawing in new developers and businesses.
Companies like e-commerce giant Amazon, Goya Foods, Universal Studios Orlando, and Coca-Cola Co. are building or planning to lease distribution centers in Apopka.
West of M/I Home’s proposed residential subdivision, Sunrise-based real estate investment company Centerline Capital Advisors is assembling about 367 acres of land with plans for a large mixed-use community. Next to that, Meritage Homes is also working to procure nearly 100 acres of agricultural land with plans to build more than 300 new residences.
M/I Homes is active in 15 markets across 10 states. The company recorded $3 billion in total revenue for 2020 and ended the first quarter of this year with nearly 5,500 units in backlog, with a sales volume of $2.4 billion across all markets.
In Orange County, the homebuilder recently began construction on its 55-unit Tilden Place residential community in Winter Garden.
M/I Homes purchased 252 homesites in Henin Group’s 240-acre Riviera Bella master-planned community in DeBary and building homes in the 75-acre mixed-use Tyson Ranch project south of Orlando International Airport.
In Sanford, the homebuilder recently added 150 lots to its footprint in the area with the purchase of a roughly 20-acre townhome subdivision. The 150-lot community sits on the northwest corner of Marbella Lane and Sanford’s West First Street (S.R. 46), next to another M/I Homes townhome neighborhood called Towns at White Cedar.