The homebuilder Tri Pointe Homes (NYSE: TPH) has acquired 178 single-family detached homesites in the Sugarloaf Mountain planned community in Minneola, Florida with its land bank partner, Kennedy Lewis Investment Management LLC. The acquisition marks the company’s first entry into the greater Orlando area.
Tri Pointe purchased the sites from Richland Communities, the developer of Sugarloaf Mountain. The new community, to be called Pine Ridge at Sugarloaf Mountain, will include three homesite sizes of 45-, 55-, and 65-feet. The property will encompass 15.87 acres of open space with a neighborhood park and an amenity center featuring a pool, cabana and lawn area.
Construction at Pine Ridge is expected to begin in mid-2025, with model home construction slated for mid-2026 and a grand opening anticipated in September 2026.
“Tri Pointe Homes believes this location provides an exceptional opportunity to introduce our premium lifestyle offerings to the greater Orlando market,” said Tri Pointe Homes Orlando Division President Joel Underwood. “Minneola’s population increased dramatically following the pandemic, growing by 30% between 2020 and 20231. 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.”
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