WINTER PARK, FL /PRNewswire/ - In a major signal of optimism about the future of the Orlando housing market, Mattamy
Homes has purchased 100 percent of the remaining land in the
sought-after Randal Park community.
The deal, valued at $18 million, closed on
Friday
October 12, 2012, and is one of the most significant land
purchases in Orlando in recent years.
 |
| Steve Parker |
Mattamy has purchased all 560 of the remaining lots for
sale, giving the
company a controlling interest in the community. The current
approved
land plan for Randal Park is for 760 lots.
When the Randal Park purchase is combined with the company's
purchase
earlier this year in Millennia Park, it brings Mattamy's
recent
commitment to the Orlando market to $30 million - a level
unlike any
other builder, says Steve Parker, President of
Mattamy's US Group.
"With the way the housing market has started to
improve, we see the
demographic projections in Orlando making it one of the
strongest
markets in the state of Florida, in regards to employment
and
population growth," says Parker.
"Our Randal
Park investment will provide Mattamy with the inventory that's needed to handle
the demand we feel is going to occur as the market continues to improve."
Mattamy Homes is Canada's largest new home builder, with
operations across Canada and the United States. Mattamy has built more
than 50,000 homes in 150 communities, and counting.
In Canada, those
communities stretch across the Greater Toronto Area, as well as in
Ottawa and Calgary, while in the United States, the company is
represented in five
metropolitan areas: Minneapolis, Charlotte, Phoenix,
Jacksonville and
For a complete copy of the company’s news release, please
contact:
Brent Carey
Director, Communications
Mattamy Homes Limited
905-829-7684
.
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