By LAURA KINSLER | lkinsler@growthspotter.com | GrowthSpotter
June 19, 2023 at 12:01 p.m.

Stanley Martin Homes paid $7.9 million this month to acquire 343.5 acres along Dewey Robbins Road in Groveland for a new subdivision called Peachtree Hills.

“We were under contract for this property back when we were still Avex Homes,” Division President Eric Marks said. SMH acquired Avex Homes in 2021. The seller was an investment group led by Daryl Carter, president of Maury L. Carter & Associates.

Carter said that fact that the property had already been annexed and zoned meant the buyer would assume little political risk. “Along that entire Dewey Robbins corridor, we’ve sold thousands of acres of land over the last 12-18 months,” he said. “The folks who are buying this property are very well capitalized.”

Read entire article here: https://www.growthspotter.com/2023/06/19/stanley-martin-homes-pays-7-9m-for-groveland-subdivision-on-dewey-robbins/

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/