Winter Park-based Henin Group is close to scoring final permits for a new townhome community near Lake Monroe in Sanford.
Jerome Henin, a principal at the firm, told GrowthSpotter the company has been fine-tuning development plans over the last couple of months and will soon close on a roughly 20-acre site on the northwest corner of Marbella Lane and Sanford’s West First Street (S.R. 46).
“St. Johns River Water Management District has been very responsive so that’s a positive,” Henin said. He acknowledges business has been slowing due to the shut down of most public buildings and offices in an effort to stop the spread of the Covid-19 virus.
Despite that, Henin Group intends to push forward as much as possible. In due time, the company will send out construction bids and select a national homebuilder to partner with, he said.
Property records show the proposed project site is owned by three tenants in common: Robert F. Steele, Jane W. Sozke and David G. White.
Plans for the site call for a 150-unit townhome development with 20-foot-wide lots. Prices will begin in the mid $200,000′s. Y.F. Steve Young with Civil Design Solutions is the civil engineer.
With a Waterfront Downtown Business District land use designation, the developer could have gone forward with a more dense project.
Henin said he originally envisioned a multifamily community on the property, but changed course after learning about several already in the works nearby. That includes a neighboring 280-unit apartment complex overlooking Lake Monroe being developed by AG Spanos Companies of Stockton, California.
“I was going to build 300 apartments when I secured this site,” Henin said. “I looked around and too many apartments are being built... I felt like [building expensive apartments] would not be responding to what’s necessary for the community.”
This would be the company’s first townhome community.
Currently, Henin Group is completing a 240-acre master-planned residential community in DeBary called Riviera Bella. Henin told GrowthSpotter there are currently about 400 homes being built and that he intends to add 300 more lots for a total of 700-plus homes.
The developer is also in the midst of finalizing a new single-family home subdivision with 60-foot lots in Tavares, Lake County with local homebuilder Park Square Homes.