Rendering of Grove West

DHI Communities has closed on 34 acres of land it plans on developing as a multi-family residential community just west of I-75 and S.R. 54.

The multifamily division of national homebuilder D.R. Horton says the DHI Communities development is located between Old Pasco Rd, and Oakley Blvd., north of Wesley Chapel Blvd. and adjacent to The Grove.

DHI paid $9.5 million for the parcel, which is zoned for 330 apartments and 82 for-sale townhomes. The $80-million development will be called Ascend at Grove West, and is DHI Communities’ first multifamily project in the Tampa Bay area. It will be within walking distance from The Grove entertainment complex, which will soon include dozens of new restaurants and businesses at the under-construction KRATE container park. 

“Developers are taking every opportunity to develop along the State Road 54 corridor,” says Mark Eilers, executive managing director of land services at Colliers International, which represented DHI Communities in the sale. “This is a great location for DHI Communities to enter the Tampa Bay market due to its superior access to State Road 54 and Interstate 75, proximity to major employment centers and walkability to nearby retail and restaurants.”

Construction is expected to begin this month, with completion by early 2022. ­— JCC

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