DescriptionThe opportunity consists of 886± acres with 315’ of U.S. Highway 19 frontage. The property is rolling hills with heavy cover of oaks. Lake Hideaway provides seasonal variety of water levels and wild life. It is located on the southeast corner of Weeping Willow Road (extension) and Star Road, U.S. Highway 19, north of State Road 50 and Hexam Road, Hernando County, FL. The site is currently zoned under a Development of Regional Impact (DRI). It is one of the largest countywide tracts for residential development in Hernando County. Sewer, water and electric are either adjacent or exist in sufficient capacity to service the site.Highlights-The site is currently zoned under a Development of Regional Impact (DRI). It is one of the largest countywide tracts for residential development in Hernando County.-Sewer, water and electric are either adjacent or exist in sufficient capacity to service the site.-The future community is well served with retail including a Publix grocery, Bealls, restaurants, drug stores and a regional hospital.-The surrounding area consists of a mixture of transitional land and single-family housing and mobile homes with heavy retail along S.R. 50 and the Suncoast Parkway exit.-Lake Hideaway’s location between the Suncoast Parkway and U.S. 19 makes it an easy drive for the fabulous Tampa International Airport.-Beautiful conservation areas and parks are located directly across U.S. 19.-Eight access points along U.S. 19, Hexam Road, Weeping Willow Road (extension), and Star Road will serve the Lake Hideaway DRI.F-inal project access points are yet to be determined based on FDOT and Hernando County access management criteria and review. However, each of these access points will provide a full set of vehicle movements.-The project is uniquely situated to take full advantage of the existing roadway network. -These existing and additionally planned roadways will serve the project with acceptable levels of service through existing design or through programmed or planned improvements. The U.S. 19 frontage provides a great marketing window for a sales center on a high traffic highway. Weeping Willow Road Extension will provide direct access to SR 50 and the health care and retail on Cortez.-The mix provides an excellent opportunity for internal customers largely first-time buyers as well as 55+ together or age restricted pods.-Zoned for 503 acres for 2,400 single-family, 160 acres for 1,300 multi-family, 20 acres commercial, 20,000 square feet office. The single-family density is 4.77 units/acre and the multi-family is 8.13 units/acre. The mix provides an excellent opportunity for a well planned and livable community.
