Hillsborough County is witnessing a significant boom in residential construction, with multiple new developments and expansions underway. From large-scale master-planned communities to apartment complexes and single-family homes, the county is poised for substantial growth in its housing sector, attracting major builders and developers.
Key Takeaways
- Multiple new residential projects are breaking ground and expanding across Hillsborough County.
- Developers are focusing on a mix of single-family homes, townhouses, and apartment units.
- Major homebuilders like Lennar, Taylor Morrison, and Perry Homes are actively involved.
- New infrastructure, including parkways, is being integrated into these developments.
New Master-Planned Community Takes Shape
Eisenhower Property Group is spearheading the development of Morris Bend, a new master-planned community situated on 398 acres in northeast Hillsborough County, within the K Bar Ranch area off Morris Bridge Road. This ambitious project will feature approximately 471 single-family homes on lots ranging from 50 to 60 feet, alongside 188 townhome units. Eisenhower Property Group has already secured acquisitions with prominent homebuilders, including Lennar, Taylor Morrison, and Perry Homes, for the development sites. Lennar has acquired a significant portion, comprising 165 50-foot lots, 118 60-foot lots, and 188 townhome units. Perry Homes and Taylor Morrison will jointly develop the remaining 188 lots, consisting of 119 50-foot lots and 69 60-foot lots. As part of the development, Eisenhower Property Group will also construct the final segment of K Bar Ranch Parkway, which will connect to Morris Bridge Road. Jeffery Hills, President and CEO of EPG, stated that Morris Bend represents a key step in their ongoing vision to create exceptional communities in Hillsborough County. Founded in 2004, EPG is recognized as one of Florida’s largest developers, with over 25,000 residential lots currently under development across numerous communities.
Apartment Complex and Other Developments
In addition to master-planned communities, Hillsborough County is also seeing the groundbreaking of a new apartment complex. Plans are in motion for a development that will add 400 apartment units, contributing to the diverse housing options available in the region. Furthermore, Lennar Homes has acquired land in Apollo Beach, signaling further expansion and development in the area. The Two Rivers community is also seeing new residential projects, promising enhanced living experiences for its residents.
Developer Activity and Lot Sales
Recent transactions highlight significant developer activity. One notable sale involved 650 lots designated for a new community in northeast Hillsborough County. This transaction underscores the robust demand for new housing and the ongoing investment in the region’s real estate market by developers and builders alike.
Sources
- 400 apartments to break ground in Hillsborough expansion plan, The Business Journals.
- Tampa developer plans 600-home community in Hillsborough County, The Business Journals.
- Lennar tees up Apollo Beach land, The Business Journals.
- Developer sells 650 lots for northeast Hillsborough community, Business Observer.
- New development promises elevated living in Two Rivers community, Tampa Bay Times.