Tri Pointe Homes, a US-based builder, has acquired 178 single-family detached homesites in the Sugarloaf Mountain planned community in Minneola, Florida, US.
This move signifies the homebuilder's strategic expansion into the greater Orlando market, driven by the area's robust growth and demand for high-quality housing.
The acquisition was made in partnership with Kennedy Lewis Investment Management, Tri Pointe's land bank partner. The sites were purchased from Richland Communities, the developer of Sugarloaf Mountain.
The new community, officially named Pine Ridge at Sugarloaf Mountain, is set on elevated terrain and is expected to offer 15.87 acres of open space, including features such as a neighbourhood park and an amenity centre.
Plans for Pine Ridge include three different homesite sizes of 45ft, 55ft, and 65ft and detached floor plans tailored to premium entry-level and move-up homebuyers in Central Florida.
The aforementioned amenity centre is projected to include a pool, cabana, and garden area, aligning with the outdoor lifestyle the community aims to promote.
Tri Pointe's expansion is part of a larger strategy to grow its presence in high-growth regions across the US. The company has seen successful expansions in markets such as Utah, Coastal Carolinas, and Texas, adhering to its principle of combining local expertise with the support of a national homebuilder.
The economic strength and population growth in Florida present a strategic opportunity for Tri Pointe Homes. With job creation in sectors such as clean technology, aerospace, and advanced manufacturing, the company is positioned to meet the market's demand for premium lifestyle homes.
Construction at Pine Ridge is set to begin in mid-2025, with model homes starting in mid-2026. A grand opening is anticipated for September 2026.
Tri Pointe Homes Orlando Division president Joel Underwood said: “Tri Pointe Homes believes this location provides an exceptional opportunity to introduce our premium lifestyle offerings to the greater Orlando market. Minneola’s population increased dramatically following the pandemic, growing by 30% between 2020 and 2023.
"With its proximity to major developments and employment hubs, Pine Ridge at Sugarloaf Mountain offers a desirable community designed to meet the needs of homebuyers in a region that’s experiencing dynamic expansion and rising demand.”
