M/I Homesis targetingan area in Seminole County, positioned between Winter Park and the University of Central Florida, for new residential development.
The homebuilder is planning to build a 111-lot townhome community on the northeast corner of Aloma Avenue (S.R. 426) and Tuskawilla Road. A preliminary subdivision plan submitted by M/I Homes vice president of land, Daniel Kaiser, will be reviewed by Seminole County’s planning and zoning commission this week.
The property consists of four parcels owned by separate entities, including Orlando Tusk LLC, Aloma Seminole Property Inc. and Surna Construction Group Inc. Property owners have been working to prep the land for residential development for more than three years.
Records show a development order was issued by Seminole County in 2018, after the property owners successfully amended the land use and rezoned the property. Entitlements allow for 10 dwelling units per acre or a maximum of 120 residential units. The Preliminary Subdivision Plan (PSP) is part of the Alta Seminole Planned Development.
Located on 12.65 acres directly west of the Central Florida GreeneWay (S.R. 417), the site is under contract to purchase by M/I Homes.
The submitted PSP shows the homebuilder is looking to build a gated townhome community called The Towns at Tuskawilla Commons. The neighborhood sits adjacent to the 23-mile Cross Seminole Trail that extends from the Cady Way Trail, at the intersection of Aloma Avenue and Howell Branch Road, to the Lake Monroe Loop in Sanford
Townhomes may only reach up to two stories (35 feet) in height with a minimum area of 1,200 square feet. Lots are 20 feet wide.
In an email to GrowthSpotter, Kaiser said he sees demand for new “high-end townhomes” in the submarket.
“This is suburban infill at its best,” he wrote about the development site and location. “Great shopping is minutes away, all the amenities you could want and access to the bike trail. It could well attract owners in the area that would like to change lifestyle and house size, but want to stay in the area they love.”
Nearby local developer and real estate investor Chuck Hollis also sees demand for new product in the area. He is proposing to develop a new apartment building called Avid at Loma Vista, located northeast of the intersection between S.R. 417 and S.R. 426.
Kaiser said he expects to see ground up construction of the community come into fruition by the first quarter of next year. Madden, Moorhead & Stokes is the civil engineer.
M/I Homes has been active in Seminole County for over a decade. Currently, it is selling and building out its Towns at White Cedar townhome community, where prices begin at $262,990, according to its website.
It’s also behind the single-family Traditions at White Cedar neighborhood in northwest Seminole County, and Estuary at St. Johns single-family home community in Sanford.
M/I Homes is building residential communities within the 75-acre mixed-use Tyson Ranch project south of Orlando International Airport and Horizon West, where it’s constructing more than 400 homes at Encore at Ovation. The builder has two more townhouse projects in the works in Osceola County’s Narcoossee area.
Other residential developments include the 110-lot Hull Island at Oakland single-family community in Winter Garden, the 92-lot Hideaway Cove single-family community in Oviedo and a 252 home community in the 240-acre Riviera Bella master-planned community in DeBary.
“We enjoyed a record year in 2020 with 638 closings and have a strong backlog of buyers to close in 2021,” Kaiser said. “We expect to beat what we did in 2020.”
EDITOR’S NOTE: This article was updated to include comments from M/I Homes vice president of land, Daniel Kaiser. This version also corrects the name of the planned townhome community to be The Towns at Tuskawilla Commons, not Towns at Tuskaloma.