Two separate DeBary projects recently announced efforts worth millions. One is a subdivision on the St. Johns River. The other is a mixed-use project along U.S. Highway 17-92.
Riviera Bella grows
A recently announced expansion of Riviera Bella will add to the value of the 708-home riverfront subdivision over 20 years. The total value equates to about $300 million in sales.
Riviera Bella upgrades
The DeBary City Council approved a 66-acre expansion for Riviera Bella last year.
The property, located across Fort Florida Road near Konomac Lake, will accommodate an additional 293 single-family homes.
There are only 150 homesites remaining for new homes within the original 415-unit Riviera Bella development, Jerome Henin, president of the Winter Park-based Henin Group, said in a statement.
“The logical next step is to expand on that success by adding adjacent homesites and more amenities,” he said.
The old and new sections of the subdivision will be joined by an advanced security system. It will have live 24-hour video surveillance and “interactive monitoring at all amenities and at every entrance. ”
A new amenities package includes a $300,000 state-of-the-art splash park with cabana, along with a nature park, nature trails and four playgrounds scattered throughout the new phases.
“In the original Riviera Bella, M/I Homes is currently selling and building new single-family homes on the remaining 150 homesites,” a statement said. “Priced from the high $200s and with some riverfront homes well over 1 million, those homes are expected to be sold out by mid-2019.”
D.R. Horton will build new single-family homes priced from the mid $200s in the new section. “The homebuilder will start its first models and sales will begin during the first quarter of next year in the new extension of Riviera Bella. Build-out is projected to be complete between 2022 and 2023,” a statement said.
DeBary Town Center
Meanwhile, a nearly $4 million loan was recently announced for Charles Wayne Properties for the DeBary Town Center, a roughly 68-acre mixed-use project at the southeast corner of Dirksen Drive and U.S. Highway 17-92.
The property, the largest undeveloped parcel within walking distance of any SunRail station in Central Florida, sits within a zone the DeBary City Council has targeted for high-end growth.
Apartments in Town Center
After years of debate and study, the DeBary City Council approved the first project within the DeBary Town Center in September.
Officials backed an incentive package worth $180,000 and a development plan for a 289-unit apartment complex with an estimated value of $25 million.
Construction on Hawthorne Landing (also called Integra 289 Exchange) could begin in spring 2018 with completion set for summer 2019, David McDaniel, president of Integra Land Development, told council members.
Hawthorne Landing (also called Integra 289 Exchange) is planned on 16 acres southeast of U.S. Highway 17-92 and Dirksen Drive on land commonly known as the Costa property.
The property is part of Steve Costa’s 68-acre parcel with frontage along U.S. 17-92. That is part of a 200-acre, SunRail-anchored Transit Oriented Development (TOD) zone.
In recent years, DeBary has laid the groundwork to encourage and manage development in the TOD with special rules designed to ensure high-end, consistent growth.
Development plans include the addition of more than 258,000 square feet of commercial space, according to a news release from Orlando-based First GREEN bank.
“There will also be new, easy-access connection points between the SunRail System and neighboring nature trails,” the statement said. “These additions will help serve and grow DeBary’s population of roughly 20,000 residents by offering new housing, shopping and eco-friendly transportation options.
Plans call for 2,200 residential units of all types, mixed with senior-living facilities and stores, from coffee shops to small groceries, the statement added.
“We are excited to support this project, which will provide the community with a multi-functional area, built to serve both the urban and ecotourist industries,” said Ken LaRoe, founder and chairman of First GREEN Bank. “The area will facilitate more SunRail use, which equates to less carbon emissions, and the area will simultaneously encourage both business development and outdoor recreation. This aligns with our bank’s mission, which supports financially, environmentally and socially responsible initiatives.”
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