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| Jerome Henin |
APOPKA,
FL – As the owner of numerous real estate
development and sales companies, Jerome Henin, who heads Winter
Park-based Henin Group, is accustomed to making things happen quickly, but one
particular transaction last month surprised even him.
After
viewing a 28-acre parcel on Votaw Road near the Wekiva Reserve in Apopka, Henin
made an offer on a Friday, signed a contract on Tuesday and closed the deal the
following Friday.
The
one-week purchase was possible, he says, because he is an independent
developer.
“The
advantage of landowners selling to independent developers versus selling to the
nationals can be huge,” Henin said. “The large national homebuilders just can’t
do this without going through their corporate process. They’ll keep land under
contract usually no less than 90 days – sometimes more – while they analyze and
get extensions.”
The
biggest difference, according to Henin, is that independents such as Henin Group
have cash readily available to move forward quickly.
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| Gary Beverly |
That
Sept. 1st Apopka purchase was the beginning of what he said is
planned as a 95-lot, single-family subdivision worth an estimated $40 million
at buildout.
Still
in its infancy the community has yet to be named, but Henin said it will be
designed by Gary Beverly with CDS Engineering of Maitland and will offer
three- and four-bedroom homes on 50- by 120-foot lots.
In
addition to Henin Homes building in the new community, Henin said he is
considering more than half a dozen offers from other interested homebuilders.
“It
will take a year or more to complete the various studies and then we’ll start
developing,” he said.
In
the meantime, it will be business as usual, which includes shopping for the
next one-week purchase.
Aerial of Springview Woods showing Riviera Bella in the distance across Lake Konomac
DEBARY,
FL– Springview Woods – part of a
64-acre development that opened in 2018 – is expected to sell out nearly 1½
years sooner than originally projected. Two of the development’s four
phases sold out last year and the 20+ sites remaining should be sold out by
next spring.
“D.R.
Horton sales there have been brisk,” said Henin. “In 2020 we sold 55 sites in
Springview and we still have an additional 14 sites scheduled to close in
October,” he said
Sales
in the Riviera Bella development off Fort Florida Road
along the St. Johns River are going extremely well too, according to Henin. “We
are about two years ahead of projected sell-out.” Thus far in 2020 there
have been 51 lots sold there.
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St. Johns River, Florida
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In
Riviera Bella’s Phase 8 with 140 lots, D.R. Horton has only 20 sites
remaining. Sales are going so well that Henin has accelerated the start
of site development for Phase 9 with another 153 lots.
Also,
in Riviera Bella’s western section, M/I Homes has seven remaining estate lots
slated to close in October – the last of that homebuilder’s total of 252 sites
purchased in Riviera Bella.
Henin Group
still owns an inventory of estate lots for future use in the western section
and there is only one remaining lot with direct access to the St. John’s River
.
This
time last year the 240-acre development was predicted be sold out in
2024. “We now predict to be sold out of everything in Riviera Bella
by 2022,” said Henin.
Contacts:
Jerome
Henin, Founder/CEO The Henin Group, 407-644-8595
or Jerome@henin-co.com.
Beth
Payan, Larry Vershel Communications,
407-644-4142,
407-461-3781 or beth@larryvershel.com
