ALTAMONTE SPRINGS, Fla. --- Emerson International in Altamonte Springs and Hanover Capital Partners in Orlando, recently acquired a community development site approved for 66 homes on Avalon Road in the Winter Garden area.
Eric Emerson, vice president and general manager of Emerson International, said the Emerson-Hanover Partnership plans to start development of the custom home community of Avalon Reserve immediately.
Emerson said new homes at Avalon Reserve will range in size from 2,300 to 4,700 square feet of living space priced from the $250s.. Home builders at Avalon Reserve will be announced in a few weeks, Emerson added.
Emerson International which has developed luxury communities and Class A office buildings in Orlando, Longwood and Altamonte Springs, is a wholly owned subsidiary of The Emerson Group, the global corporation that is one of the largest privately-owned property development companies.
Hanover Capital Partners is a private, family real estate development and investment company headed by longtime Orlando home builder Bill Orosz.
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