Dirt is flying at the former 600-space Holiday Campground site in Seminole, Fla., as developers make way for a $120 million upscale residential community, the St. Petersburg Times reports.
After several failed attempts to turn the 101-acre tract into luxury housing, the longtime RV park at 10000 Park Blvd. is going condo.
As usually happens in urban areas with growing populations, the value of the land on which low-density businesses such as RV parks are located climbs to the point where it no longer makes economic sense to continue using the property for such a purpose, said Bill Baynard Jr., whose family had owned Holiday Campground since 1946.
“Pinellas County has grown like crazy,” he said. “The land became too valuable to be an RV park and needed to be something else and grow with the population.”
The Baynard family had been trying to sell the former campground site at least since 2001, the Times reported.
Excavation crews broke ground in early March, digging out retention ponds, hauling concrete sewer pipes and bulldozing about 70 trees, said Lowell Whittum, director of field operations for one of the project’s subcontractors, Terra Excavating, the newspaper reported.
Developers anticipate construction on Seminole Isle, a gated community with 420 condominiums and 88 multistory townhomes, will take four years. The tropical theme, developers said, will include a resort-style pool and clubhouse, tennis courts, a fishing pier, and aluminum roofing on sandstone-colored buildings.
The homes will range from 1,500 to 2,100 square feet.
“We hope to start on our first building this month,” said Ed Suchora, president for the Tampa region of Beazer Homes, the project’s builder.
Sale of the units, not priced yet, will start in the fall.
Beazer is partnering with Tampa developer Scott Griffith, president of Park Boulevard Development, to construct the 32 residential buildings.
Griffith purchased the property for $14 million last July from Baynard. After installing roadways and storm drainage, Griffith will sell the property – piece by piece – to Beazer for $37 million.
Sitting on the shores of Long Bayou, the property is surrounded by water on three sides and developers have to be wary of the surrounding ecosystem.
Half of the land is designated as a wetlands preservation area and cannot be built on, City Planner Mark Ely said. All construction must stay at least 50 feet clear of the web of mangroves that line the bayou.