Anjali Fluker
Senior Staff Writer- Orlando Business Journal
KB Home and Beazer Homes are upping their game in Orange County's master-planned community of Horizon West.
The two national builders, both of whom are among Central Florida's top production homebuilders, will build more than 500 homes in the Summerlake development on the west side of town. These homes will be added to same community where Lennar Homes is investing $80 million into a new 300-home development.
Here's a closer look at what the builders have planned:
- Atlanta-based Beazer Homes USA Inc. (NYSE: BZH) is spending $45 million to build 178 townhomes and 43 single-family homes in Summerlake. Construction began on both a single-family model and a six-unit townhome model building, said Nick Gargasz, market manager of Beazer's Orlando division. Beazer Homes Corp. in December paid $7.84 million to buy the site from SLV Summerlake LLC, an entity related to Starwood Land Ventures, Orange County records showed.
- Los Angeles-based KB Home (NYSE: KBH) plans to build a total of 292 single-family homes in Summerlake. The builder just began sales on 55 lots in Summerlake III, where floorplans range from 1,900 to 4,200 square feet, said KB Home Orlando spokeswoman Cara Kane. KB Home Orlando LLC in December paid $5.1 million to buy this tract from SLV Summerlake, county records showed.
Lennar Homes, meanwhile, had previously told Orlando Business Journal about its plans to start building its first set of homes in Summerlake this week.
A healthy residential real estate industry is considered to be a bellwether of economic health in the region. Several local homebuilders said they're optimistic about more success in the industry this year.
No comments:
Post a Comment