By Matt Wiley
Residential and commercial growth are continuing in Wesley Chapel, as another large community plans to break ground next week, offering hundreds of homes in its first phase alone, as well as bringing more jobs to our area.
In a press release from the Avalon Park Group, the same developers as the adjacent New River Township, the company announced plans to break ground on Avalon Park West, located on the north side of S.R. 54, just east of New River, on Tuesday, August 28. Avalon Park West’s first community, Cypress Village, will offer 342 homes.
The entire development, once completed, will offer about 4,800 single-family homes and multi-family units, as well as nearly 700,000 sq. ft. of commercial space, including more than 560,000 sq. ft. of retail and 120,000 sq. ft. for office buildings. In addition, the community also feature several conservation areas.
The development’s construction will be overseen by Avex Homes, a new construction company formed through a partnership between the Orlando-based Avalon Park Group and sitEX Properties USA, a Switzerland-based real estate investment fund and project development company.
According to the press release, Avex homes will specialize in developing homes “with the lifestyle of families in mind,” including front porches, setback garages and open floor plans.
“We want to create communities, not housing developments,” says Eric Marks, senior vice president of Avalon Park Group.
Marks also says that, according to data from the National Association of Home Builders, Avex homes expects to create 15 new jobs for Wesley Chapel residents in its first year of operations.
According to their website, the Avalon Park Group is a family of companies that was started by Beat Kahli, a Swiss investment banker, in 1995, and specializes in a range of developments, from master planned communities, such as Avalon Park West and New River Township, to industrial parks, such as the North Suncoast Industrial Park near the Suncoast Pkwy. in Pasco County.
For more information about Avalon Park West and the Aug. 28 groundbreaking event, see page 16 or visit AvalonParkWest.com.