UPDATED: OCTOBER 11, 2016 10:35 PM — Pulte Group is progressing with plans for 136 townhomes in Apopka directly south of the confluence of two major toll roads, and will contribute to improving connectivity in an area primed for residential and retail growth near the future Florida Hospital Apopka.
Proposed for what is currently 1701 Ocoee-Apopka Road, the 21.42-acre parcel lies directly south of the intersection of SR 451 and SR 414 (Apopka Expressway), and southwest of the 414 intersection with Marden Road where MMI Development will front the $6.5 million cost to build a half-diamond interchange.
Dubbed Emerson North Townhomes, the project lies north of the Emerson Park single-family home subdivision developed by Lennar in 2014. The parcel is owned by Centex Homes, an affiliate of Pulte.
A Final Development Plan will be considered on Wednesday by Apopka's Development Review Committee. Pulte first submitted its DP for staff review in October 2015.
The development would total 136 two-story units across 17 buildings, with a playground area and swimming pool with clubhouse.
Three unit types depicted on the DP range in size from 1,534-1,742 square feet of air-conditioned space.
Pulte is dedicating 4.24 acres of right-of-way along the north of the parcel to build an extension of Harmon Road, which currently ends on the west of Ocoee Apopka Road where Florida Hospital Apopka is being built, and expected to open in 2017.
That eastern portion of Harmon Road will serve the new townhomes by stemming off of Marden Road. Complete east-west connectivity of Harmon Road still requires another future extension across parcels owned by Adventist Health and the Central Florida Expressway Authority, a distance of roughly 1,554 feet.
Work on the future Marden Road interchange will begin soon. City Council voted on Oct. 5 to amend the Synthetic Tax Incremental Financing District (STIF) Agreement to include funding for two roundabouts on Marden Road, one on the exit ramp and another on the eastbound ramp, said Angel de la Portilla, governmental consultant for Central Florida Strategies, an advisor to MMI Development.
Right-of-way has been dedicated to Apopka for the roundabouts, and MMI now has approvals in place from the city and CFX, and the amended STIF Agreement will provide an additional $530,000 in cost-sharing revenue from Apopka, he added.
The Pulte development would follow activity north of the future interchange along Marden Road, where MMI is planning a 300,000-square-foot retail power center on 72 acres, and NM Residentialbroke ground in May on a 272-unit apartment complex, the first of two phases it plans there on 42 acres.