Building and construction is on the rise in Seminole County as two developers want to bring more than 100 new single family homes to a Seminole County. This is one step to recovery by building new communities. When the housing market began its downturn in 2008, many planned developments fell by the wayside. Now, developers are reworking previous projects on infill sites to appeal to today's buyers. The earliest recovery is likely to happen in cities where people want to live.
Altamonte Springs-based Essian Construction LLC is one of those developers who is resurrecting and reworking plans for the Reserve at Alaqua, a 14 Acre development within the high-end Alaqua Country Club is in the process of being developed.
In addition to this, Harkins Construction Inc. wants to develop 69 single family home lots on 34 acres near Heathrow. The property is owned by Beckel Landscape Nursery. The planned subdivision dubbed Pearl Lake Estates, would need approval from the state since it is a large-scale land use change. The property is zoned agricultural, and Harkins Constructions wants to rezone it to planned unit development. Year to date, home builders pulled 717 permits for single family homes this year in Seminole County, up form 653 for the same period last year.
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