Mattamy Homes announced Monday that its has made invested in Beachline South Residential, a Lake Nona area land developer. Beachline is developing the Starwood Property, which totals 2,560 acres, with 1,161 net acres slated for single-family residential development over time, the property is expected to comprise more than 4,000 single-family homes, 2,000 multi-family homes and nearly 500,000 square feet of retail/office uses.
The Starwood Property is located east of SR417, south of SR528, with access through an extension of Dowden Road.
“Orlando continues to demonstrate that it is one of the strongest markets in the state of Florida, as evidenced by the positive demographic trends including employment and population growth,” said Alex Martin, Mattamy’s Orlando Division President. “We consider the Starwood Property an excellent complement to our existing Randal Park community and an opportunity to maintain our strong presence in this highly desirable and rapidly growing area of Central Florida.”
The proposed home sites will range from 20′ townhomes to 70′ estate lots. Mattamy plans to leverage its existing portfolio, including home designs from Randal Park. Pricing is yet to be determined. The community will also include ameneties located throughout the community as well a 20 mile system of interconnected walking trails and bike paths,
“This partnership is another example of Mattamy’s commitment to having a major presence in the Orlando market, and of the company’s confidence in the future of housing locally,” added Martin. “We have aggressive growth plans for the future and are very much looking forward to expanding our operations.”