Here's another piece of evidence that Florida real estate is bouncing back: national builder Meritage Homes has announced that it will be developing a new community of custom-build homes near Medical City, in the Lake Nona High School area, forecasting 146 residences in the new upscale neighborhood. Expect to see frames going up within the next few months.
Who is Meritage Homes?
Meritage Homes is a biggie in the home building industry, with residential home projects in several states besides Florida (Arizona, California, Colorado, Nevada, North Carolina, and Texas). From its website:
Some might say it's important to tell you that we've been around since 1985. Or that we've won a slew of awards ranging from Forbes' Platinum 400 Best Big Companies of America to being the recipient of Texas' Builder of the Year five times, or being named ENERGY STAR® Partner of the Year. But we're about practicality and doing things that actually make a difference in your life and the way you live.
For instance, you're probably a lot more interested in knowing that Meritage builds new, beautifully designed, energy-efficient homes that can save you as much as 80% on your utility bills.* Or, that we were the first national top 10 homebuilder to have every home we build be 100% ENERGY STAR-qualified. That means it saves you energy and money.
With more than 70,000 homes built, our focus, since day one, has been to build incredible new homes and communities in prime locations for fantastic prices. We build them for real people: People with families and those without; people with everyday, busy lives, and those who are now enjoying a more relaxed lifestyle. But more than anything, we build energy-efficient homes and communities for people who appreciate a home being built the way it can, and should, be built. For you it means having a new home that comes standard with ENERGY STAR features that save money and energy, month after month, at no extra cost to you.
Check out Fells Landing, the first phase of the new Lake Nona project by Meritage Homes
Meritage Homes will follow a pretty standard implementation plan here, with the first part of its community being developed in the fall under the name of Fells Landing. This first phase will have 47 homes built near Boggy Creek Road.
Zillow.com is ready for this project to get going: the Fells Landing page at Zillow is in place, just waiting for an image of the construction itself. Zillow describes the new project as part of a master planned community of " ... estate-size homes coming soon. Generous floor plans range from 2,701 - 5,107 sq. ft., with great schools and fantastic amenities nearby."
That's right, folks. New homes being built in Orlando, Florida. Lots of them. Things are looking up!