Richmond American Announces New Home Development In Orlando

Rhea-AI Summary

M.D.C. Holdings, trading as MDC, has announced the acquisition of 128 homesites for a new community named Spring Creek in Leesburg, Florida. This community is set to open in 2020, featuring floor plans from the popular Seasons™ Collection, which includes both ranch and two-story designs. Construction is expected to start in summer 2020, offering personalized design options and a range of amenities for future residents, including easy access to key locations like the Florida Turnpike and Orlando International Airport.

Positive

• Acquisition of 128 homesites boosts community development prospects.
• Launch of Spring Creek community showcases popular Seasons™ Collection.
• Offers personalized design options enhancing customer appeal.
• Strategic location provides easy access to transportation and amenities.

Negative

• None.

ORLANDO, Fla., June 23, 2020 /PRNewswire/ -- Richmond American Homes of Florida, LP, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC) is excited to announce that it recently purchased 128 homesites for a new community in Leesburg. Spring Creek, which is slated to open in 2020, will showcase ranch and two-story plans from the builder's sought-after Seasons™ Collection.

ABOUT SPRING CREEK (www.RichmondAmerican.com/SpringCreek)
Construction at Spring Creek is expected to begin in summer 2020. Residents will enjoy:

• Sought-after Seasons™ Collection floor plans
• 4 ranch and two-story options
• 3 to 6 bedrooms, approx. 1,610 to 2,800 sq. ft.
• Hundreds of ways to personalize fixtures and finishes
• Natural gas access community
• Complimentary Home Gallery™ design assistance
• Close proximity to the Florida Turnpike, Orlando International Airport and theme parks
• Easy access to downtown Orlando, nearby lakes, dining, shopping and entertainment

ABOUT THE SEASONS™ COLLECTION

• Open layouts with airy 9' main-floor ceilings
• Popular features at an amazing price point
• Hundreds of ways to personalize with fixtures & finishes

For more information, call 407.287.6285

About M.D.C. Holdings, Inc.

Operating under the name Richmond American Homes, MDC's homebuilding subsidiaries have built more than 205,000 homes since 1977. Among the nation's largest homebuilders, MDC's subsidiary companies have operations in Arizona, California, Colorado, Florida, Maryland, Nevada, Oregon, Utah, Virginia and Washington. Mortgage lending, plus insurance and title services are offered by the following MDC subsidiaries, respectively: HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol "MDC." For more information, visit MDCHoldings.com.

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SOURCE M.D.C. Holdings, Inc.

FAQ

What is the new community announced by M.D.C. Holdings?

The new community is named Spring Creek, located in Leesburg, Florida.

When is Spring Creek expected to open?

Spring Creek is slated to open in 2020.

What features will Spring Creek offer?

Spring Creek will feature ranch and two-story homes from the Seasons™ Collection, with personalized design options.

What is the significance of the 128 homesites purchased?

The purchase of 128 homesites enhances M.D.C. Holdings' community development efforts in Florida.

What are the expected benefits of the Spring Creek location?

The location offers easy access to the Florida Turnpike, Orlando International Airport, and nearby amenities.