News Summary
Richmond American Homes of Florida has made a significant investment by acquiring 197 residential lots for $38.45 million in St. Johns County. This acquisition, finalized on April 30, enhances their presence in the booming housing market of the area. The strategically located property is part of the Whisper Creek Phase 13 development, which aims to meet the growing demand for housing as the county experiences consistent population growth. The project will be managed by the civil engineering firm England-Thims & Miller.
St. Johns County, Florida – Richmond American Homes of Florida has acquired 197 residential lots for $38.45 million, a significant investment that underscores the ongoing development boom in the area. The transaction, finalized on April 30, adds to Richmond American’s presence in the flourishing housing market of St. Johns County.
The purchased property spans 67.47 acres and is strategically located north of County Road 208 and west of Pacetti Road. This site is part of the larger Whisper Creek Phase 13 development, which aims to contribute to the growing residential options in the region. The civil engineering firm England-Thims & Miller, based in Jacksonville, has been appointed to oversee the project’s civil engineering aspects, ensuring compliance with local development standards and efficient execution of construction plans.
The seller of the lots, GreenPointe Holdings, is also deeply involved in the broader regional development efforts through its planned 1,400-acre TrailMark community. This ambitious project is designed to accommodate over 2,200 home sites, reflecting the increasing demand for housing in St. Johns County, particularly in light of the area’s appeal as a suburban destination.
Details on the Acquisition
The acquisition by Richmond American Homes is part of a broader trend of aggressive land purchases by homebuilders who seek to capitalize on the rapid population growth in St. Johns County. The $38.45 million price tag for the 197 lots represents a proactive commitment to meeting housing demand in the area, which has seen consistent population increases over the past few years.
Development Plans and Community Impact
With Richmond American Homes taking ownership of the new lots, plans for construction and home sales are anticipated to proceed soon. The Whisper Creek Phase 13 development aligns with the ongoing initiatives by GreenPointe Holdings, which has positioned the TrailMark community as a desirable location for prospective homeowners, emphasizing amenities that cater to families and residents of all ages.
The establishment of such developments in St. Johns County is critical as local government focuses on managing growth while maintaining the quality of life in the area. Housing projects are pivotal in providing affordable and accessible options for both new residents and those looking to relocate within the county.
Background on Richmond American Homes and GreenPointe Holdings
Richmond American Homes of Florida is part of a national homebuilding company, known for its diverse portfolio of housing options that satisfy a variety of customer needs. Their recent investment into St. Johns County reflects a strategic move to expand their footprint in a region that has shown promising demographic trends and economic growth.
On the other hand, GreenPointe Holdings has established itself as a key player in the development of master-planned communities throughout Florida. The TrailMark community, which is expected to include numerous facilities, parks, and recreational opportunities, illustrates a commitment to creating environments that blend residential living with open spaces and community camaraderie.
As St. Johns County continues to evolve, the successful integration of such developments will likely play a vital role in shaping the residential landscape. The acquisition of the Whisper Creek lots by Richmond American Homes highlights the ongoing efforts to provide housing solutions in a region poised for sustained growth.
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Additional Resources
- JAX Daily Record: Richmond American Homes Buys 197 Lots for $38.4 Million
- Wikipedia: Residential Development
- PR Newswire: Richmond American Announces Grand Opening of New Star Community
- Google Search: Richmond American Homes
- West Orlando News: New Palm Coast Community from Richmond American Homes
- Google Scholar: Real Estate Development Florida
- Kilgore News Herald: Richmond American Set to Build New Neighborhood in Ocala
- Encyclopedia Britannica: Florida
- The Malaysian Reserve: Richmond American Announces Grand Opening of New Dundee Community
- Google News: Housing Market Florida
