A new townhome community may be coming to Lady Lake on land that was zoned for future retail development.
The Lady Lake Town Commission unanimously approved a request to rezone the 18.5-acre site from Commercial General-Retail to Multi-Family Low-Rise that will make way for a 148-townhome community, according to a conceptual plan done by NV5, formerly CHW Professional Consultants.
Plans refer to the development as “Rolling Acres Planned Unit Development” and show 4.64 acres of open space. About a dozen heritage trees already on the property are incorporated into the design. The property, owned by T Lovell Alpha LP, is located at the southeast corner of Lakeview Street and Rolling Acres Road. Plans show main access on Lake View and emergency access on Rolling Acres. Atlanta-based Blue River Development is the contracted buyer, and Rolling Acres is one of 20 deals the firm anticipates closing in 2025. President Geoffrey Reid outlined the company’s mission on its website.
“Our core focus has always been value-add land acquisition, and it will remain so in 2025,” Reid said earlier this year. “We are here to serve homebuilders and help them fill their land pipelines. We remain laser-focused in the markets where we see the most potential.”
BRD operates in Atlanta, Nashville, Charlotte, Raleigh, Greenville/Spartanburg, Jacksonville, Orlando, Tampa, Huntsville and Texas.
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At the town’s Local Planning Agency meeting just before the commission meeting, planner Margot Maurer with NV5 explained that the new plans call for significantly less density, resulting in less traffic. A prior PUD on the property called for 222 units and 184,850 square feet of commercial space.
The final rezoning hearing is set for April 21.
The townhome community is just down the street from Kolter’s Hammock Oaks, a massive mixed-use development that encompasses more than 800 acres. The commission also approved plans for a Walmart Neighborhood Market within Hammock Oaks.
In other Lake County growth news:
- Homebuilder Taylor Morrison is partnering with Lennar on Waterstone, a mixed-use development in Mascotte.
- The Leesburg City Commission voted down a proposed moratorium that would have stopped residential rezoning and annexation until 2027.
- Dix Developments has purchased the 74-acre Blake Ridge property in Leesburg from retired motocross professional Blake Baggett for $4.875 million. Plans for the property call for 216 single-family homes.
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