Recently, Florida YIMBY has learned of various build-to-rent communities in the Sunshine State. Here’s a spotlight on two of them.
Aventura-based Agador Spartacus Development has plans for a Class A community in Pasco County. Magnolia at Spring Hill will offer 162 residences, which, according to Multi-Housing News, will be “a mix of two- and three-bedroom townhomes, averaging 1,144 square feet, and two-bedroom apartment units separately.”
Communal amenities will comprise pickleball and tennis courts, a swimming pool, a fitness center, and a host of other on-site offerings. Our sources indicate that the acquisition of a $32 million construction loan will help make Magnolia at Spring Hill possible. The venture is scheduled for completion in 2025.
Magnolia at Spring Hill will offer 162 residences. Image from Multi-Housing News
Here’s the other community.
Summer Pointe Village, located in Summerville, Florida, will offer 454 build-to-rent units, and it’s first phase is expected to open in 2026. The one-bedroom to three-bedroom homes will average 1,318 square feet each. Earlier this year, Multi-Housing News noted that the first phase would yield 252 homes, and the second phase would offer 202. Like Magnolia at Spring Hill, on-site communal amenities feature a swimming pool, a gym, and fire pits.
Summer Pointe Village is slated for 16152 SE 77th Court Road, Summerfield, Florida, 34491, in Marion County. It’ll be 70 miles northwest of Orlando.
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