View Full Version : The Villages contracts Lake County property
champion6
05-25-2013, 07:13 AM
A brief article in today's Daily Sun, page C6:
The Villages contracts Lake County property
Mid Florida Properties, a Villages-related company, has entered into a contract for approximately 600 acres on County Road 466A. The land is located adjacent to The Villages and will be studied over the next several months to determine its suitability for development.
"There's a number of factors to consider before we finalize such a transaction," said Villages President Mark Morse. "We will be studying the property and consulting with local and state agencies to determine if, when and how the property might be developed."
jblum315
05-25-2013, 07:28 AM
That must be adjacent to the horse farm on 466A?
KathieI
05-25-2013, 08:48 AM
They made the announcement of this contract to the sales staff of TV about a month ago. Its all starting to make sense and will, I believe, all come together very soon.
a) Fruitland Park allowing golf carts on 466A
b) Lake county reviewing costs to expand Rolling Acres Road to go straight through to CR 44
c) Now TV going into contract for 600 acres...
All good news and will be interesting to watch.
asianthree
05-25-2013, 08:57 AM
and some were worried there would be no more houses
Bogie Shooter
05-25-2013, 09:51 AM
OMG there go the tee times!:a040:
spk7951
05-25-2013, 10:26 AM
b) Lake county reviewing costs to expand Rolling Acres Road to go straight through to CR 44
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Minor correction, it was the State DOT who was reviewing the idea of extending Rolling Acres Road down to State Road 44.
However as of May 17th that idea is now off the table.
Rolling Acres Road option dismissed - Daily Commercial: News (http://www.dailycommercial.com/news/article_631c266d-93e4-5437-8022-496ba704477f.html)
justjim
05-25-2013, 10:38 AM
Not so fast. How long to build and how many houses/villa's can you put on 600 acres? Once planned and laid out---- this will take the developer maybe a year to build out? No?
CFrance
05-25-2013, 10:52 AM
Does anyone besides me suspect there will never be a build-out? At least not in my lifetime.
NJblue
05-25-2013, 10:55 AM
OMG there go the tee times!:a040:
Well, if this is developed into 100% residential, tee times will indeed suffer - particularly during the peak months. The number of houses that have been added to the plan over the past few years with no additional exec golf courses added to the plan has been alarming. This would just further erode the "golf free for the rest of your life" promise.
That being said, if it is the property on the south side of 466A, it probably abuts the Sumter County landfill that is there. On the Sumter County side of this landfill they have wisely planned exec golf courses, knowing that it might be hard to sell houses with a view of a landfill. If the same logic holds for the other side of the landfill (the Lake County side), it too may be reserved for golf course(s). One can only hope.
Dr Winston O Boogie jr
05-25-2013, 10:58 AM
And there are some people who still believe in the term "build out".
janmcn
05-25-2013, 11:04 AM
A brief article in today's Daily Sun, page C6:
The Villages contracts Lake County property
Mid Florida Properties, a Villages-related company, has entered into a contract for approximately 600 acres on County Road 466A. The land is located adjacent to The Villages and will be studied over the next several months to determine its suitability for development.
"There's a number of factors to consider before we finalize such a transaction," said Villages President Mark Morse. "We will be studying the property and consulting with local and state agencies to determine if, when and how the property might be developed."
Slow down posters. Reread Mark Morse's quote..."We will be studying the property and consulting with local and state agencies to determine IF, WHEN, and HOW the property might be developed." Those are pretty big contingencies put in this contract.
Since 2000, The Villages has not built one structure in Lake County except for the strip mall which houses Target, etc. There's been a lot of speculation on this forum as to why that is. The big question is what has changed recently?
784caroline
05-25-2013, 01:06 PM
By studing...and consulting with state and local government...it means The Morse family wants to know what kind of Proffers will be offered to TV for them to build in Lake County...cant blame them!!
KathieI
05-25-2013, 01:16 PM
Minor correction, it was the State DOT who was reviewing the idea of extending Rolling Acres Road down to State Road 44.
However as of May 17th that idea is now off the table.
Rolling Acres Road option dismissed - Daily Commercial: News (http://www.dailycommercial.com/news/article_631c266d-93e4-5437-8022-496ba704477f.html)
Yes for lack of funds in the budget, if I remember correctly. But my thinking is, and I think 784 Caroline might be thinking the same way, there might be some behind the scenes "what can you do for me and I do for you" going on between the Morses' and the nearby counties and state governments. You know, just like big business. LOL... Just my crazy thinking out of the box, so they say...
KathieI
05-25-2013, 01:21 PM
Slow down posters. Reread Mark Morse's quote..."We will be studying the property and consulting with local and state agencies to determine IF, WHEN, and HOW the property might be developed." Those are pretty big contingencies put in this contract.
Since 2000, The Villages has not built one structure in Lake County except for the strip mall which houses Target, etc. There's been a lot of speculation on this forum as to why that is. The big question is what has changed recently?
Agree about new structures in Lake Cty not be built by the Morse's BUT,,,, the new medical building in Colony is a "eyelash" away from the Lake county line. Isn't it? I always found this interesting.
spk7951
05-25-2013, 01:46 PM
Yes for lack of funds in the budget, if I remember correctly. But my thinking is, and I think 784 Caroline might be thinking the same way, there might be some behind the scenes "what can you do for me and I do for you" going on between the Morses' and the nearby counties and state governments. You know, just like big business. LOL... Just my crazy thinking out of the box, so they say...
Lack of funds can mean many things. The eastern boundaries of this land might shrink if Rolling Acres was extended and I doubt anyone would buy it with that hanging over their heads. Rather interesting that both of these announcements happened about the same time.
JB in TV
05-25-2013, 02:12 PM
Agree about new structures in Lake Cty not be built by the Morse's BUT,,,, the new medical building in Colony is a "eyelash" away from the Lake county line. Isn't it? I always found this interesting.
I always appreciate what you have to say, but think about this for a minute...an "eyelash" away from Lake County line. The folks on the Mexican side of the border fence in Nogales, MX... just south of Arizona (or Juarez, Mexico, just south of El Paso, TX) are also "just an eyelash" away from the USA....
Different country, different county, different city... different rules.
gomoho
05-25-2013, 03:13 PM
I believe Lake County is realizing they need to get back on TV gravy train and collect some of those taxes Sumter County is enjoying. You scratch my back and I'll scratch yours.
And no, I don't believe I will see build out in my lifetime!
That must be the Pine Ridge Dairy tract. It's a huge piece of land and the LSL Central District already owns the land adjacent to it in Lake County. Hmmm! Another town square maybe? I doubt it.
Skip
Mack184
05-25-2013, 04:02 PM
What about water usage? There have been several reports that the St. James River authority has said a big fat "NO!" to any more expansion for TV.
asianthree
05-25-2013, 04:36 PM
one can only wait :popcorn:
Paperboy
05-25-2013, 04:37 PM
Does anyone besides me suspect there will never be a build-out? At least not in my lifetime.
Shouldn't the OLD build out plan be COMPLETED AROUND spring 2015?
champion6
05-25-2013, 05:50 PM
Shouldn't the OLD build out plan be COMPLETED AROUND spring 2015?At the recent Meet the Developer meeting hosted by the VHA, Mark Morse said that at the current pace the build-out is expected during the first quarter of 2016... that would be the OLD build-out.
justjim
05-25-2013, 06:40 PM
I believe Lake County is realizing they need to get back on TV gravy train and collect some of those taxes Sumter County is enjoying. You scratch my back and I'll scratch yours.
And no, I don't believe I will see build out in my lifetime!
Even good things finally come to an end. I hope we are around at build out---2016-2017 my guess. :coolsmiley:
rubicon
05-25-2013, 07:52 PM
If you believe that the past is prologue to the future then most people can pretty much guess the outcome
T-325
06-05-2013, 07:29 PM
Still waiting to get my LSV scheduled for early November. The office is not taking reservations yet!
Introduced my wife to the Talk of the Villages board. She commented about how thoughtful the responses to my prior post were. Lots of smart people in the Villages was her take.
GaryW
06-06-2013, 03:02 AM
Not so fast. How long to build and how many houses/villa's can you put on 600 acres? Once planned and laid out---- this will take the developer maybe a year to build out? No?
Depends on the type of homes going in and the time frame needed and how sales are going. They can build up wards of 350 plus a month if needed...... That would be pushing it.. You would have to have all underground put in. that is the time consuming part.
SusanOfWoodbury
06-06-2013, 04:54 AM
I traveled down 466A the other nite going to Fruitland Park and noticed a fair amount of land already being leveled....lots of dirt.
Instead of more houses, how about some indoor pools, basketball court etc..
mulligan
06-06-2013, 06:06 AM
Where was the land being leveled ?
GaryW
06-06-2013, 02:37 PM
Where was the land being leveled ?
I 2nd this question.. Pine Ride Dairy land has been cleared or plowed, they do that often. I have not seen anything else massive on 466a in the works besides Pinellas Plaza.
iaudit
06-06-2013, 03:43 PM
In case anyone is wondering, 600 acres converts to about .9375 square miles.
billethkid
06-06-2013, 05:40 PM
Depends on the type of homes going in and the time frame needed and how sales are going. They can build up wards of 350 plus a month if needed...... That would be pushing it.. You would have to have all underground put in. that is the time consuming part.
During 2005-2007 TV was selling/closing/building well over 400 per month. At that time homes were spec built and you put your name in lottery style when one like you wanted came up you were called and given 24-72 hours to take it or leave it.
Btk
GaryW
06-07-2013, 03:11 AM
During 2005-2007 TV was selling/closing/building well over 400 per month. At that time homes were spec built and you put your name in lottery style when one like you wanted came up you were called and given 24-72 hours to take it or leave it.
Btk
Yep Been pouring homes here since 1997, Selling and closing is one thing,, building is another. We just had our best month in awhile, and it was 375.
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