DHI Communities, the multifamily division of national homebuilder D.R. Horton, has purchased 34 acres of land in Wesley Chapel, FL. The sales price was $9.5 million.
The parcel, which is planned for a residential development is located just north of Wesley Chapel Boulevard, between Old Pasco Road and Oakley Boulevard. DHI Communities plans to develop an $80-million residential community called Grove West at the site, which is zoned for 330 apartment units and 82 for-sale townhomes. The apartment community will be named Ascend at Grove West and will be DHI Communities’ first multifamily project in the Tampa Bay area.
Mark Eilers of Colliers International represented DHI Communities in the transaction. Jim Krivacs of Procorp Realty represented the seller, Second Base Holdings.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.