Arizona-based NexMetro Communities, a leading developer of luxury leased-home neighborhoods, has purchased its first Central Florida location for a 152-home neighborhood in Odessa.
Sitework will begin immediately on the 13-acre site, which is located in a prime location near retail, freeways and employment.
“Demand for single-family rental homes remains incredibly strong as consumers seek this unique lifestyle experience that combines the best of a detached home and mortgage-free, maintence-free living,” said Josh Hartmann, CEO of NexMetro Communities. He said NexMetro has long identified Central Florida as an ideal location for its Avilla Homes neighborhoods with its robust market indicators, land opportunities and household formation. “Our expansion into Central Florida validates the tremendous appeal of this hybrid housing offering to consumers of all walks of life.”
The new Odessa single-family rental neighborhood, Avilla Suncoast, is located off the northwest corner of FL-54 and Crossings Boulevard in Odessa, less than half mile from HW 589 and 15 miles north of downtown Tampa. Construction is slated to begin this month, with an opening in early 2021.
The detached, single level 1, 2 and 3-bedroom homes will include hallmark Avilla features such as private backyards and front entries, open floor plans, high ceilings, granite countertops, stainless steel appliances and hard-surface flooring throughout. The Avilla Suncoast neighborhood will be gated and offer garages, covered parking areas and amenities such as a resort-style pool and spa, outdoor grills, lounge areas, dog park, walking areas and open space.
With more than $1 billion completed or in development in the Phoenix, Dallas and Denver markets, NexMetro’s entry into Central Florida reflects the company’s strategic growth in key locations with demand by lifestyle-conscious consumers of all walks of life who would rather lease than own a home.
The company’s expansion into Florida brings the total number of Avilla Homes built and under development by NexMetro to more than 4,800, representing 32 unique investment partnerships. Considered by many as the best risk-adjusted housing industry investment today, Hartmann said NexMetro has new openings underway and more projects in its pipeline including additional properties in the Tampa and Orlando markets.
“More and more consumers – including a growing number of baby boomers who have owned homes for many years – are choosing to rent rather than own a home,” Hartmann said. “Demand for low density, rental housing is outpacing supply. And even as mortgage rates plunge, the demand for our Avilla luxury single family rental home neighborhoods remains strong.”
Typically priced competitively with surrounding A-class apartments, Avilla Suncoast will be professionally managed and offer on-site maintenance. Floorplans and additional details are available by visiting Avilla Homes at avillahomes.com or by calling 813-556-9698.