M/I Homes Starts White Cedar Community in Seminole County - Site Development Underway for 155 Townhomes North of SR 46

SANFORD, Fla. --- M/I Homes has purchased 19 acres and site development is underway for White Cedar, a gated community where the homebuilder will start constructing 155 townhomes in early 2019. 

Area President David Byrnes said White Cedar, located slightly north of SR 46 on White Cedar Road, is within minutes of SunRail, Seminole Town Center, major restaurants and international airports via Interstate 4 and the Greeneway Expressway.   

“This community is designed for security, privacy and commuters to both Orlando and Daytona Beach,” Byrnes said, adding “The area is also 30 minutes from both the East Coast beaches and Wekiva River State Park to the west.

Prices of new White Cedar townhomes with three and four bedrooms are expected to start in the mid-$200,000s.  Floor plans are being finalized, and amenities planned for the community include a pool and cabana.

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About M/I Homes

M/I Homes, Inc. is one of the nation’s leading builders of single-family homes, having delivered more than 81,500 homes. The Company’s homes are marketed and sold under the trade names M/I Homes, Showcase Homes, TriStone Homes and Triumph Homes. The Company has homebuilding operations in Columbus and Cincinnati, Ohio; Chicago, Illinois; Indianapolis, Indiana; Tampa and Orlando, Florida; Austin, Houston and San Antonio, Texas; Charlotte and Raleigh, North Carolina; and the Virginia and Maryland suburbs of Washington, D.C.

Blackton Earns Contract to provide Roofing and Flooring for New Homes at Coming Soon Community in St. Cloud

ORLANDO / ST. CLOUD, Fla. --- Blackton, Inc., one of the region’s oldest and largest suppliers of wholesale materials and supplies to the home building industry, was awarded a contract worth an estimated $980,000 to provide roofing and flooring for 73 new single-family homes KB Home plans to build at Rivercrest at Narcoossee. 

Michael Blackton, who heads the family-owned company founded by his father over 64 years ago on Alden Road north of downtown Orlando, said Rivercrest at Narcoossee is located at 5040 Lillian Lee Rd., St. Cloud in East Osceola County.

KB Home will build new homes ranging from 1,700 to 3,000 square feet at Rivercrest at Narcoossee, according to Blackton.  Development will get underway before the end of the year and the community will open for sales next spring. 

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Pulte Homes Acquires 70 Acres in South Fort Myers to Develop New 181-Homesite Community

Fort Myers, Fla. — Pulte Homes, one of the nation’s largest homebuilders, has acquired a 70-Acre tract in the South Fort Myers area, best characterized by its highly sought-after centralized location, and will begin development of Eagle Reserve with 181 homesites for new single-family homes priced from the mid-$200s. 

 “This community will have wide-ranging appeal and will be particularly attractive to commuters and families,” said Richard McCormick, President of PulteGroup’s Southwest Florida Division.

The Dockside is one of Pulte’s single-family
home designs homebuyers can choose at
Eagle Reserve when it opens next Spring

“Eagle Reserve offers an exceptional location off Camino Real Way which directly connects to Colonial Boulevard,” he said. “I-75 is only 2 miles east, and US 41 to the west just 2.5 miles, providing great proximity to top rated schools and major employment corridors.”

The centralized location also allows for convenient access to the beaches of Fort Myers, Sanibel and Captiva Islands, as well as to popular retail and entertainment venues.

The new gated community, neighbored by Heritage Palms and Southwest Florida Christian Academy, will be opening in the spring of 2019, offering homebuyers consumer-inspired floor plans complete with Pulte’s Life Tested® features and Smart Home technology. One- and two-story new home designs will feature large open gathering and dining areas, flexible living spaces, and innovative kitchens, with buyer options to personalize the designs to fit their lifestyle, said McCormick.

 

Plans for the community include an amenity campus featuring a resort-style pool with large sundeck, pool cabana with covered outdoor seating, and playground area.

To join the VIP interest list or for more information, visit www.pulte.com/eaglereserve or call 888-817-2203.

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About Pulte Homes

Pulte Homes is a national brand of PulteGroup, Inc. (NYSE: PHM).  Pulte Homes builds consumer inspired homes and communities that provide the move-up buyer the best quality of life.  Only Pulte Homes offers the combination of innovative Life Tested Home Designs® with an unwavering commitment to quality and attention to detail.  For more information about Pulte Homes, visit www.pulte.com.

Charles Wayne Properties Acquires 5-Building Industrial / Flex Property for $9.55 Million in Seminole County, Fla.

Daytona Beach / Sanford, Fla. -- Charles Wayne Properties, Inc. recently completed the

$9.55 Million purchase of Monroe CommerCenter South, a five-building industrial / flex campus on 8.49 acres located minutes from Interstate 4 in north Seminole County.

The five, single-story, industrial warehouse, showroom and flex buildings with a total of 116,500 rentable square feet, expands Charles Wayne Properties’ portfolio holdings in the Orlando market to more than 300,000 square feet. 

Monroe CommerCenter South

Ted Lightman, Principal, said Monroe CommerCenter South is a natural addition to his firm’s other Orlando-area investments, which include Lake Mary’s Primera Court I & II Class A office buildings; Sanlando Commerce Center in Altamonte Springs; and the University Court office building near the University of Central Florida. 

“We saw an opportunity in Monroe CommerCenter South to leverage increased industrial demand fueled by increased new residential and retail development in the market, particularly in north Seminole and nearby DeBary in southwest Volusia County,” said Lightman.  

CBRE’s Ron Rogg and Chip Wooten represented Monroe South RE LLC, the Miami-based seller. “Selling Monroe CommerCenter South was a highly competitive process, which speaks to the strength of the industrial market and growing economy in central Florida,” said Rogg, CBRE Executive Vice President.  “Charles Wayne was an ideal buyer, having a great track record in the market, and a reputation for closing on deals they target,” said Rogg.

Monroe CommerCenter South features office and warehouse space with grade-level rollup doors, appealing to a wide variety of tenants. The property is currently leased to a diverse and noteworthy tenant base in various industries, including services, suppliers, construction and technology, among others.   Built in 2003, it was one of five similar “CommerCenters” developed by Small Bay Partners and NAI Realvest throughout Central Florida to meet the need by industrial users of 2,000 to 20,000 square feet.   

The five buildings are located at 627-655 Progress Way, 663-691 Progress Way, 703-739 Progress Way, 4141-4186 Incubator Court and 4140 Flex Court. 

Charles Wayne Investment Management, LLC will handle asset and investment management functions for the property and its investors.  The NAI Realvest team headed by Principal Michael Heidrich will continue to handle leasing for the new ownership.  Charles Wayne and NAI Realvest are affiliated in this and certain other real estate ventures. 

Lightman added that Charles Wayne Properties continues to actively seek more expansion of its   commercial holdings in the Orlando market, which has led the country in job growth at 3.5% year-over-year.  Employment growth is projected to average 2.1% a year through 2023, according to Moody’s Analytics, almost 3 times faster than the national average projections of 0.8% annually.

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About Charles Wayne Properties

Charles Wayne Properties was founded in 1978, starting as a joint venture with New York based Republic Funding Properties. It has developed, owned and managed shopping centers, freestanding retail, office buildings and industrial parks in 8 states.  CWP has worked with local and national clients in capacities including brokerage (now in combination with NAI Realvest), development, investment sales, tenant representation, property management and receivership. To learn more please visit www.charleswayne.com. 

About NAI Realvest

NAI Realvest, covering all of central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 400 offices spanning the globe.  Since 1978, clients have built businesses on the power of NAI Global’s expanding network.  Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.