Orlando-based real estate firm Troon Development is putting together a roughly 30-acre assemblage of properties in Seminole County with plans to develop a new residential subdivision called Hidden Oaks.
The brokerage and development firm is seeking to rezone three parcels located less than a mile south from Seminole State College and Seminole County’s Five Points Government Complex, with plans to develop up to 109 single-family lots ranging in a width sizes of 50 feet and 75 feet.
Currently, a portion of the property’s zoning only allows for agricultural and industrial uses. A rezoning request submitted by Troon Development partner Craig Rouhier Jr. goes before Seminole County’s Board of Commissioners Tuesday.
Rouhier Jr. did not respond to several requests seeking comment. His LinkedIn account shows he previously worked in land development services for Meritage Homes.
Troon is following in the footsteps of other homebuilders who have recently established residential subdivisions in the area. Just north of the proposed Hidden Oaks subdivision, M/I Homes is in the middle of building out a 95-lot single-family home community called Cadence Park, where home prices begin in the low $300,000′s.
Northeast to that, Park Square Homes competed a 66-unit townhome community along Ronald Reagan, called Windsor Square, in 2018.
If completed, Hidden Oaks would be located next to the Midway Park mobile home community established in 1926 and the Midway Commerce Center industrial park that was developed in the 1980s.
Nearby, Seminole County is embarking on a roughly $490 million ten-year plan that will move most of its civil court operations and administrative offices to its Five Points campus on along U.S. 17-92. The plans would turn the current campus into a more user-friendly government campus with new municipal buildings, roadways, amenities and restaurants.
Just across the Five Points Campus, Toronto developer Palmeira Holdings is under contract to buy about 110 acres of the former Flea World market property, with plans to build a new mixed-use development. Entitlements allow for over 5,000 new apartment units and one million square feet of commercial space
A representative with the company recently told GrowthSpotter the contract is still in place, but is being delayed due to economic uncertainty caused by COVID-19.