Industry momentum shows no signs of slowing as top builders and developers buy land and unveil plans for new projects. Meritage Homes announced plans to break ground on housing communities in Marana and Vail in the Arizona market that will add more than 200 homes to the Tucson metro area.
Richmond American Homes has picked up another 114 lots in the Sacramento market for what will be the second phase of its Woodbury at Bradshaw community. The company paid $5.7 million for the land. Park Square Homes is partnering with retail developer Konover South on the combined $9.5 million purchase of about 60 acres in Ocoee, Fla., where they plan to build the mixed-use Ocoee Village Center. Lennar has submitted plans for 220 single-family homes it plans to build in the North Carolina Triangle area. If approved, the homes would be built on an 80-acre parcel in Wendell, N.C. Trammell Crow Residential has submitted plans to build an apartment complex in the town of Bolton, Mass., under its Alexan brand. The complex would be built on a 27-acre site across the highway from where another apartment complex has been proposed. Called Alexan Bolton, the plan calls for 240 units, with 25% of the units designated under the state 40B housing law. All of the apartments, primarily one- and two-bedroom units, would be counted toward the town’s affordable housing goal. Plans call for construction of four, four-story buildings. A clubhouse for residents also is part of the plan. D.R. Horton’s multifamily division, DHI Communities, purchased 34 acres in Pasco County where it plans to develop the Grove West. The site is zoned for 82 for-sale townhomes and 330 apartments. DHI paid $9.5 million for the site and the company plans to invest $80 million on the project. Mill Creek Residential is proposing a second phase at the Founders Row development in Falls Church City, Va. The proposal calls for a mixed-use apartment building with 319 units, ground floor retail, and underground parking with 80 retail and 351 residential spaces. The project would be built across the street from the first phase of Founders Row on a site now occupied by a vacant pharmacy and carpet store. Mill Creek submitted an application for Founders Row II to the city in November. The developer anticipates completing the first phase by next March and hopes to start phase two around the same time. For complete contact information for all business leaders for these projects and others at Meritage Homes, Richmond American Homes, Lennar Corp., Park Square Homes, Trammell Crow Residential, D.R Horton, Mill Creek Residential and others, including all key corporate and division contacts, consult The National Builders Directory and The Directory of Multifamily Builders & Developers and Online Database.
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