ALTAMONTE SPRINGS, Fla. --- Emerson International, which develops luxury condominiums and golf course communities and Class A office facilities, has formed a joint venture partnership with Hanover Capital Partners to acquire and develop single family residential home site opportunities.
Eric Emerson, vice president and general manager of Emerson International, said the joint venture plans to focus on the Hammock Trails and Emerald Lakes communities in Southeastern Osceola County and Avalon Reserve in West Orange County.
“Altogether, we anticipate we will acquire and develop some 600 single family home sites,” Emerson said.
Emerson said additional opportunities throughout Central Florida are also under consideration.
Hanover Capital Partners is a private family real estate development and investment company founded by Bill Orosz, the founder and president of Cambridge Homes.
Hanover’s affiliate company, Royal Oak Homes, may acquire home sites in some of the communities purchased by the joint venture.
Emerson International is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies.
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