Meritage Homes Closes on 200-Acres in Orlando to Develop New 700-Home Community
August 10 2017 - 7:00AM
Meritage Homes Corporation (NYSE:MTH), a leading U.S. homebuilder,
today announced plans to develop more than 200 acres in Orlando,
Florida.
The new Meritage community, which will be named Hawk’s Crest, is
located in the highly desirable Winter Park submarket along Lake
Howell. Hawk’s Crest will include more than 700 lots, including 250
townhomes and 458 single-family homes. The gated community’s
on-site amenities will include lake access, running and walking
trails, resort-style pools and a community clubhouse.
“Hawk’s Crest caters to those looking for a health and wellness
lifestyle with beautiful homes, open outdoor spaces, lakefront
views and resort-style amenities,” said Brian Kittle, Orlando
division president of Meritage Homes. “We are excited to bring a
much-needed supply of new homes to the market, and make Hawk’s
Crest a long-awaited reality.”
Hawk’s Crest will offer four product lines ranging from
approximately 1,600 to 5,200 square feet. Ranging from three to six
bedrooms, the homes are expected to be priced from $260,000 to
$635,000.
Each home will come standard with Meritage’s signature energy
efficiency and home automation packages. Meritage is consistently
recognized as the industry leader in technologically advanced
homebuilding, and is the first local builder to offer solar panels
as an upgrade in all its communities. By building healthier,
cleaner, more efficient homes, Meritage helps deliver short- and
long-term energy cost savings to its homeowners without
compromising design.
Hawk’s Crest is one of 21 Meritage communities in the Orlando
area. It will be built in phases, expected to open for sale in late
2018 with first closings projected for early 2019.
About Meritage HomesMeritage Homes is the
eighth-largest public homebuilder in the United States, based on
homes closed in 2016. Meritage Homes builds and sells single-family
homes for first- time, move-up, luxury and active adult buyers
across the Western, Southern and Southeastern United States.
Meritage Homes builds in markets including Sacramento, San
Francisco Bay area, southern coastal and Inland Empire markets in
California; Houston, Dallas-Ft. Worth, Austin and San Antonio,
Texas; Phoenix/Scottsdale, Green Valley and Tucson, Arizona; Denver
and Fort Collins, Colorado; Orlando, Tampa and south Florida;
Raleigh and Charlotte, North Carolina; Greenville-Spartanburg and
York County, South Carolina; Nashville, Tennessee; and Atlanta,
Georgia.
Meritage Homes has designed and built over 100,000 homes in its
32-year history, and has a reputation for its distinctive style,
quality construction, and positive customer experience. Meritage
Homes is the industry leader in energy-efficient homebuilding and
has received the U.S. Environmental Protection Agency's ENERGY STAR
Partner of the Year for Sustained Excellence Award every year since
2013 for innovation and industry leadership in energy efficient
homebuilding.
Media Contact
Brent Anderson, VP Investor Relations
972.580.6360
media@meritagehomes.com
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