Developer buying more land?
 

My father who lives in TV said he heard the developer bought more land to continue development. Has anyone else heard this?
:)

650 acres is what's being said.I personally don't know this to be fact.

Well, if it's true, I'm not at all surprised. Who shuts down a gold mine when there is still gold to be mined? You go Gary! We've made you rich, and are perfectly happy having done so. :pepper2:

Yes --- the land is in Texas

One can always dream!

Maybe they intend to buy everything in between! :wave:

From this month's VHA newsletter reporting on the most recent VHA town meeting:

Q: It has been recently reported that the developer has purchased an additional 600 acres north of 466A. What is the intended use of this land?

A: The 600 acres is actually south of 466A. At this time the developer is considering purchasing it, but has not yet done so. If purchased, the land would be treated like all other residential property in The Villages. The decision is still several months away.

Why would the developer build Brownwood on the edge of his property. Would'nt it make sense to purchase more land circling it? I think there is no "buildout" for years to come if ever. Also, the golf cart road looks like it will go under 44. JMO

i like to wait till it happens rumors never come out how you would like

Texas?
 

Can you be a little more specific? What is the source of your information, where in Texas?

Source rumor central!

old rumor
 

I have read the Texas rumor on this forum in the past. Not saying it isn't true...not saying it is either.

if it's in the paper, it must br true - right? ;)

Brownwood may be getting some company - Daily Commercial: News

I have heard that rumor about another village like development in Texas for five years and if you hit search above you can find some very old threads on this subject.

This map has been in the paper for about 3 weeks. He's squaring off TV with property he doesn't own within the current boundaries of TV. Don't be surprised if you don't see the piece by life line helicopter acquired when they leave this month. As for a tunnel under 44 I wouldn't hold my breath on that one. Some of that property S/O Rte. 44 is already in development stages by a non Morse builder. Bowling Alley & Hotel.

:gc::agree::mademyday:

Today I was driving west towards The Villages on 466a from Leesburg. There is a big new "Welcome to the Villages" wall sign about a mile EAST of Continental CC with a lot of land being cleared. Is that where Morse Blvd is going to cross 466a?

You were driving west towards The Villages on 44, not 466A. Morse Blvd. will come out a little west of that sign. It will come out where CR 468 meets 44. It's clearly shown on a 2013 $5 map.

In addition to what collie posted, there was an article in the Daily Sun a few weeks ago which reported this.

The developer has a contract on about 1 square mile (about 640 acres) south of 466A, across from Burke's BBQ. In addition to this, the developer already owns about 600 acres immediately south of this. This can be seen on the Lake County GIS website.

So, the developer has a total of approximately 1,200 acres which appear to be potentially used for more of the "magic formula" of golf courses, rec centers and homes. The west edge of this meets the east edge of property already owned by TV and planned for development.

So, imagine a road like Hillsborough Trail continuing eastward from the future southern extension of Morse Blvd., and it's easy to see how this can be tied together.

What is unique about this 1,000 acres is that it's all in Lake County, not Sumter County. My gut tells me that TV lawyers and Lake County lawyers are negotiating how to create a Community Development District in Lake County.

On the new TV map this area is already shown as a golf course. May be a done deal.

So much for the happy dance of values going up after any impending build out. We bought now because the sales office lead us to believe this was the end of the road for new homes. Still thrilled to have bought, but don't retire for two more years. We might have waited if we thought another section was opening.

What is "the new TV map"???

There is a new online newspaper called *****************. They have had two articles about the developer buying land across from the new bbq place by Micro Racetrack Road.

"Fruitland Park officials said Thursday night that The Villages wants to move “ridiculously fast” on its purchase of property on County Road 466A adjacent to the new Colony Care Center."

The newspaper can be read here. http://www.**************.com/village...erty-purchase/

I know this is a legitimate newspaper because the owner sought help from SCORE when setting it up, and has gotten sponsors. I do not know, however, where the owner's facts are coming from.

Thanks for the link, CFrance!

I stand corrected. I was on 44.

You can get one for $5 from the LSL service center. It shows the entire villages and future areas to be built. It's nice to have.

I met the owner yesterday. She is "good people" and may well fill a news gap here in The Villages.

Remains to be seen as to what happens. Money talks and both Fruitland Park and Lake County both need money. Maybe then you'll see 466A widened to Rte. 441.

Is there a 12 step program for those who can't stop buying land?

I'm sort of at a loss here why this is a bad thing. The builder had a good idea when The Villages was first started and it took off. Now he has the funds to buy more land and build on it. Why is this a bad thing? We all thought it was a good idea and drank the kool aid when we bought here and this gives more people the opportunity to do the same.

Keep building, I don't retire until 2018. Glad we didn't buy the build out thing that the sales dept was telling us in June.

Many of us were given "build-out dates" by our sales reps and told that our houses would greatly appreciate in value "after the build-out." Many of those build-out dates have come and gone, and the developer continues to acquire more land. I believe that is why some feel this is a bad thing.

I personally don't care, as this will not be our problem now that we are frogs. Of course, when I didn't put a single tub in our condo in MI 16 years ago, and the builder mentioned resale, I said the same thing: this will be our kids' problem!

Ahhh so people feel they were sold a bill of goods (so to speak) about prices.

Like you, I don't care all that much. I'd like to at least get my money back if the time comes but beyond that, I bought somewhere to live.

More Land
 

This may help, article in The Daily Commercial .




Villages' Fruitland Park plans to be discussed - News - Daily Commercial

Anyone who would put credence in a real estate salesperson's representation about future values is quite naive and will likely be very dissapointed.

Everybody has a right to their opinion about build-out: When, and how it will affect the price of your house are the main questions and opinions. It appears that most believe that when build-out does happen that prices of homes with go up substantially. I don't agree with that assumption---not at all. It's TV'S marketing of new homes that brings in prospects for resales. Without hundreds of people coming to TV because of their fantastic marketing programs, I think prices will level off and perhaps even go down a bit. Any Sales Representative that tells you prices will go up when there are no more new homes being built is strictly giving a self serving opinion with no validity. There can be a "bubble" even
in TV real estate.

My husband agrees with you, justjim. I was thinking that maybe a build-out would reduce the supply, but you make a good point; the marketing campaign would no longer be there. Plus, sad to say, there will probably be more of a supply than in a non-retirement community due to our age.

But I plan to enjoy myself and not worry a lick about it!

The Fruitland Park city commissioners met last night. This story reports the discussions held: Fruitland Park ponders potential future impact of The Villages - **************

when and if there is a build out it just means we have more to be thankfull for..we bought now because we could afford it..no worries about what was going to happen or not happen..and my rep never mention this was it...just was this the house for you

My experience was the same. No hard sell or veiled warnings. Again, just "let's find a house you like ".