The Villages, Florida Expansion
The Villages, Florida Expansion. In January 2017, the Holding Company of the Villages announced the purchase of 8,000 acres of land, south of Florida State Road 44 in and around the villages of Southern Oaks and Fenney. In the spring of 2017, The Villages announced a planned acquisition of 2,600 acres north and south of County Road 470 along the east side of Florida's Turnpike for future development. The deal must pass due diligence by the Leesburg Planning Commission and zoning ordinance changes by the Leesburg Planning Commission (with the city commission giving final approval). The initial plans call for the building of approximately 4,500 homes with some commercial development also being planned.
According to data from RCLCO Real Estate, the Holding Company of the Villages sold 2,231 homes in 2017 with a 13% increase over 2016. The Villages was the top-selling master-planned community in the United States in 2017 and one of only four communities to sell more than 1,000 homes. (Wilipedia)