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Fruitland Park P&Z board approves 603-home neighborhood just outside of The Villages | GrowthSpotter

By KATIE SARTORIS | Newsroom@GrowthSpotter.com | GrowthSpotter Contributor | May 11, 2023 at 4:00 p.m.

FRUITLAND PARK — The Fruitland Park Planning and Zoning Board unanimously approved the preliminary plat for a 603-home community on 158 acres located south of Lake Ella Road and east of Rolling Acres Road.

The plan, submitted by ResiBuilt, calls for 413 single-family homes and 190 townhomes with a density of 3.78 units per acre. Based in Atlanta, ResiBuilt specializes in purpose-built rental homes and opened an Orlando office in 2021. On large projects like this one, ResiBuilt often sells lots to other production homebuilders to create a balance of for-sale and for-rent homes. The strategy adds variety to the community and facilitates a faster lease-up on the rental side.

The company is under contract to buy the property from an investment group led by Daryl Carter of Maury L. Carter and Associates.

“The property is located approximately one mile from The Villages, one of the best and fastest growing communities in the United States,” Carter said. “In the City of Fruitland Park with existing land and zoning for single family and commercial use with a high percentage of usable land, the property is prime for development.”

Read entire article here: https://www.growthspotter.com/2023/05/11/fruitland-park-pz-board-approves-603-home-neighborhood-just-outside-of-the-villages/

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