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D.R. Horton is expanding its Fountain Parke townhome community in Lake Mary

D.R. Horton wants to develop about 14 acres of land located east of Rinehart Road, and on the north and south side of Fountain Parke Boulevard.
D.R. Horton wants to develop about 14 acres of land located east of Rinehart Road, and on the north and south side of Fountain Parke Boulevard. (Seminole County Property Appraiser)

Homebuilder D.R. Horton is adding more inventory to its townhome portfolio in Lake Mary.

The homebuilder has been working with city planners to develop nearly 14 acres of vacant land fronting its Fountain Parke townhome community that it completed almost 15 years ago.

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Earlier this month, Lake Mary City Commissioners approved a 107-lot Preliminary Subdivision Plan requested by the developer so it may build its Sanctuary at Fountain Parke community. A rezoning application and Future Land Use Amendment to change the land use from commercial to mixed-use also moved forward.

The property is located east of Rinehart Road, and the north and south side of Fountain Parke Boulevard.

Plans call for 106, two-story townhomes along with 20,800 square feet of commercial space. The first phase will consist of 42 residential units and the entirety of the commercial space, while the second phase (south of Fountain Parke Boulevard) will consist of 64 residential units.

Amenities include several walking trails, connections to the existing trail on Rinehart Road and exercise stations, as well as a pool, cabana and recreational lawn space.

The developer worked with city staff to bring the parking ratio up to 4.26 spaces per dwelling unit. Two of those spaces will be in the garage and two in the driveway.

Prices at the Club at Maison Jardin home community will range from $700,000 to a little more than $1 million.

Nearby, Topgolf is planning to open a new facility within the city limits next year. A new hotel and stand-alone restaurant are also being planned across from the entertainment venue.

In Lake Mary, the area west of I-4 is known for the its multi-million-dollar homes located in the Heathrow community. Close to that is the 370-acre Heathrow International Business Center, which features over 2 million square feet of office space.

Nearby, Lake Mary-based Integra Land Co. is currently in the middle of building its 350-unit Integra Crossings apartment complex, that’s part of a larger mixed-use project slated to consist of a 100,000-square-foot hotel with 240 rooms and 325,000 square feet of commercial space.

The multifamily community is slated to open within the first quarter of next year.

EDITOR’S NOTE: A previous version of this story misstated D.R. Horton sold about 6.8 acres of land just south of the property to the City of Maitland. The Fountain Parke Master Property Owners Association sold the land to the City of Lake Mary.

Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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