News Summary
Richmond American Homes of Florida has acquired 197 residential lots in the TrailMark community of St. Johns County for $38.45 million. Spanning 67.47 acres, this transaction, finalized on April 30, represents a strategic investment by the developer. The acquisition, known as Whisper Creek Phase 13, will contribute to TrailMark’s expansive development, which aims to address the growing demand for housing in the area. The project is supported by England-Thims & Miller and is expected to positively impact the local real estate market.
St. Johns County, Florida
Richmond American Homes of Florida has made a significant investment in St. Johns County by acquiring 197 residential lots in the TrailMark master-planned community for $38.45 million. This acquisition, completed on April 30, includes a substantial property spanning 67.47 acres, representing a strategic addition to the developer’s portfolio.
Details of the Acquisition
The seller of this project was GreenPointe Holdings, which conducted the transaction through its subsidiary, Six Mile Creek LLC. The specific area purchased is identified as Whisper Creek Phase 13, situated north of County Road 208 and west of Pacetti Road.
Development Context
The TrailMark community, where these lots are located, is an extensive master-planned project aimed at sustainability and community living. Once completed, this large-scale development will encompass more than 2,200 home sites. GreenPointe Holdings is overseeing the entire 1,400-acre community project, ensuring that it meets the growing demand for residential properties in this region.
Planning and Engineering
The project is being supported by England-Thims & Miller, a civil engineering firm based in Jacksonville, which is involved in the planning and development stages. This partnership indicates a commitment to quality infrastructure and timely completion of the community’s residential offerings.
Implications for Local Real Estate
The acquisition of these residential lots by Richmond American Homes is expected to have a positive impact on the local real estate market in St. Johns County. With the demand for housing consistently increasing, this addition to the housing stock could help address shortages in the area, offering new opportunities for potential homeowners.
Background on Richmond American Homes
Richmond American Homes is a well-established residential construction company with a strong presence in Florida and other states across the country. Known for building single-family homes, the company focuses on providing a variety of housing options that cater to diverse lifestyles and budgets.
Future Prospects
The development within the TrailMark community highlights the ongoing growth of St. Johns County, a region recognized for its desirable living conditions, educational facilities, and proximity to urban amenities. The addition of this project signifies a commitment to expanding the local housing market while enhancing community infrastructure.
Conclusion
As Richmond American Homes moves forward with the development of these newly acquired lots, potential homebuyers can look to the growing TrailMark community as a promising option for new residential opportunities in St. Johns County. The project is anticipated to be a key player in the region’s development landscape, contributing to both the economy and community living standards.
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Additional Resources
- Jax Daily Record: Richmond American Homes Buys 197 Lots for $38.45 Million
- PR Newswire: Grand Opening of New Star Community
- The Malaysian Reserve: Grand Opening of New Dundee Community
- Kilgore News Herald: Richmond American Set to Build New Neighborhood in Ocala
- PR Newswire: Richmond American Set to Build New Neighborhood in Winter Haven
- Wikipedia: Richmond American Homes
- Google Search: Richmond American Homes
- Google Scholar: Richmond American Homes
- Encyclopedia Britannica: Richmond American Homes
- Google News: Richmond American Homes
