Tri Pointe Homes® Closes on First Land Acquisition in the Greater Orlando Market, Marking the Homebuilder’s Debut in Minneola’s Sugarloaf Mountain Community
Tri Pointe Homes (NYSE: TPH) has acquired 178 single-family detached homesites in Minneola's Sugarloaf Mountain planned community, marking its entry into the Greater Orlando market. The new community, Pine Ridge at Sugarloaf Mountain, will feature 15.87 acres of open space with amenities including a neighborhood park, amenity center, and ponds. The development will offer three homesite sizes (45-, 55-, and 65-feet) targeting premium entry level and move-up homebuyers. Construction is expected to begin in mid-2025, with model homes slated for mid-2026 and a grand opening in September 2026. The expansion aligns with Minneola's significant population growth of 30% between 2020 and 2023.
Tri Pointe Homes (NYSE: TPH) ha acquisito 178 lotti di case unifamiliari nel complesso residenziale pianificato Sugarloaf Mountain a Minneola, segnando il suo ingresso nel mercato di Greater Orlando. La nuova comunità, Pine Ridge at Sugarloaf Mountain, presenterà 15,87 acri di spazi aperti con servizi tra cui un parco di quartiere, un centro servizi e stagni. Lo sviluppo offrirà tre dimensioni di lotti (45, 55 e 65 piedi) mirati a compratori di case premium di fascia iniziale e di fascia medio-alta. Si prevede che la costruzione inizi a metà del 2025, con case modello programmate per metà del 2026 e una grande inaugurazione nel settembre 2026. L'espansione è in linea con la significativa crescita della popolazione di Minneola, che è aumentata del 30% tra il 2020 e il 2023.
Tri Pointe Homes (NYSE: TPH) ha adquirido 178 lotes de casas unifamiliares en la comunidad planificada Sugarloaf Mountain en Minneola, marcando su entrada en el mercado de Greater Orlando. La nueva comunidad, Pine Ridge at Sugarloaf Mountain, contará con 15.87 acres de espacios abiertos con comodidades que incluyen un parque vecinal, un centro de servicios y estanques. El desarrollo ofrecerá tres tamaños de lotes (45, 55 y 65 pies) dirigidos a compradores de casas de nivel de entrada premium y de nivel medio. Se espera que la construcción comience a mediados de 2025, con casas modelo programadas para mediados de 2026 y una gran inauguración en septiembre de 2026. La expansión está alineada con el significativo crecimiento de la población de Minneola, que ha aumentado un 30% entre 2020 y 2023.
Tri Pointe Homes (NYSE: TPH)는 미네올라의 슈가로프 마운틴 계획 커뮤니티에서 178채의 단독 주택 용지를 인수하여 그레이터 올랜도 시장에 진입했습니다. 새로운 커뮤니티인 Pine Ridge at Sugarloaf Mountain은 15.87 에이커의 개방 공간과 이웃 공원, 편의 시설 센터 및 연못 등을 포함한 시설을 갖출 예정입니다. 이 개발은 프리미엄 초급 및 중급 주택 구매자를 겨냥한 세 가지 주택 용적 크기(45, 55 및 65피트)를 제공합니다. 건설은 2025년 중반에 시작될 예정이며, 모델 주택은 2026년 중반에 예정되어 있고 2026년 9월에 대개장이 이루어질 예정입니다. 이 확장은 2020년부터 2023년까지 미네올라의 인구가 30% 증가한 것과 일치합니다.
Tri Pointe Homes (NYSE : TPH) a acquis 178 parcelles de maisons individuelles dans la communauté planifiée Sugarloaf Mountain à Minneola, marquant son entrée sur le marché de Greater Orlando. La nouvelle communauté, Pine Ridge at Sugarloaf Mountain, comportera 15,87 acres d'espace ouvert avec des équipements comprenant un parc de quartier, un centre de loisirs et des étangs. Le développement proposera trois tailles de parcelles (45, 55 et 65 pieds) visant les acheteurs de maisons d'entrée de gamme premium et d'évolution. La construction devrait commencer à la mi-2025, avec des maisons modèles prévues pour la mi-2026 et une grande inauguration en septembre 2026. L'expansion est en phase avec la croissance démographique significative de Minneola, qui a augmenté de 30 % entre 2020 et 2023.
Tri Pointe Homes (NYSE: TPH) hat 178 Einzelhaussiedlungen in der geplanten Gemeinschaft Sugarloaf Mountain in Minneola erworben, was den Eintritt in den Greater Orlando Markt markiert. Die neue Gemeinschaft, Pine Ridge at Sugarloaf Mountain, wird 15,87 Acres an Freiflächen mit Annehmlichkeiten wie einem Nachbarschaftspark, einem Servicezentrum und Teichen bieten. Die Entwicklung wird drei Hausgrößen (45, 55 und 65 Fuß) für einkommensstarke Erstkäufer und Umsteiger anbieten. Der Bau wird voraussichtlich Mitte 2025 beginnen, mit Musterhäusern, die für Mitte 2026 geplant sind und einer großen Eröffnung im September 2026. Die Expansion steht im Einklang mit dem signifikanten Bevölkerungswachstum von Minneola von 30% zwischen 2020 und 2023.
- Strategic expansion into high-growth Orlando market with 30% population growth
- Acquisition of 178 homesites in premium location
- Diversified product offering with three distinct homesite sizes
- Partnership with land bank partner Kennedy Lewis Investment Management
- Construction not starting until mid-2025
- Revenue generation delayed until late 2026
Insights
This land acquisition marks a significant strategic expansion for Tri Pointe Homes into the lucrative Orlando market. The 178 homesites in Minneola's Sugarloaf Mountain represents a calculated entry point, leveraging the area's impressive
The development's premium positioning and diverse lot sizes (45-, 55- and 65-feet) are well-aligned with market demands, targeting both entry-level and move-up buyers. The elevated terrain location provides a unique selling proposition in Florida's typically flat landscape, potentially commanding higher margins.
The partnership with Kennedy Lewis Investment Management for land banking demonstrates smart capital management, reducing direct land exposure while maintaining growth opportunities. The planned 2026 launch timeline allows for market normalization post current rate environment while establishing a foothold in a high-growth sunbelt market.
The Sugarloaf Mountain community development showcases strong planning fundamentals with 15.87 acres of open space and comprehensive amenities. The project's location near major employment hubs positions it well for sustainable demand, particularly given Central Florida's expanding clean technology and aerospace sectors.
The timing of infrastructure development (mid-2025) and model homes (mid-2026) aligns with projected market cycles and allows for proper community establishment. The design studio approach, set to open Fall 2026, indicates a premium positioning strategy that could drive higher margins through customization options.
With 178 homesites planned, the acquisition introduces Tri Pointe’s premium lifestyle brand to homebuyers in the Orlando region
ORLANDO, Fla., Nov. 22, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes® (NYSE: TPH), one of the largest homebuilders in the U.S., announced today the acquisition of 178 single-family detached homesites in the Sugarloaf Mountain planned community in Minneola, Florida with its land bank partner, Kennedy Lewis Investment Management LLC. This milestone follows Tri Pointe Homes’ entry into the greater Orlando market, a strategic expansion driven by the area’s robust growth and demand for high-quality housing options.
Tri Pointe purchased the sites from Richland Communities, the developer of Sugarloaf Mountain. Located on elevated terrain, the new community, Pine Ridge at Sugarloaf Mountain, is anticipated to feature 15.87 acres of open space, including a neighborhood park, amenity center, ponds, and topography that complements its unique setting. Plans for the community include three distinct homesite sizes — 45-, 55-, and 65-feet — with detached floorplans designed specifically for the needs of premium entry level and move up homebuyers in the Central Florida market. The amenity center is anticipated to offer a pool, cabana, and lawn area, enhancing the outdoor lifestyle that Pine Ridge at Sugarloaf Mountain aims to deliver. Tri Pointe Homes’ design studio, anticipated to open in Fall 2026, will further support this personalized approach by offering Orlando metro area homebuyers access to curated design options that reflect their aesthetic preferences and lifestyle needs.
“Tri Pointe Homes believes this location provides an exceptional opportunity to introduce our premium lifestyle offerings to the greater Orlando market,” said Tri Pointe Homes Orlando Division President Joel Underwood. “Minneola’s population increased dramatically following the pandemic, growing by
“We are extremely pleased to be working with Richland Communities, a development company known for investing in premium locations,” said Underwood. “As a customer-centric company whose mission is to deliver life-changing experiences, this gives Tri Pointe the ideal opportunity to design premium lifestyle homes that are tailored specifically to the land on which they are built and to the buyers in this region. As we begin the design process for our homes at Pine Ridge, we will be capitalizing on the Sugarloaf Mountain location, which is one of the highest elevations in Central Florida. This unique setting will allow us to deliver the kind of premium experience that defines Tri Pointe Homes and informs how we design communities that speak directly to the markets where we operate.”
Tri Pointe’s expansion into the greater Orlando market is part of the company’s broader strategy to increase its presence in high-growth regions across the U.S. The company has established a track record of expansions in markets like Utah, Coastal Carolinas, and Texas, supported by its guiding principle of the “Best of Big and Small.” This approach allows Tri Pointe’s regional divisions to benefit from local expertise and decision-making, backed by the resources and stability of a nationally recognized homebuilder.
Florida’s strong economic foundation and population growth make it a strategic fit for Tri Pointe Homes. With sectors like clean technology, aerospace, and advanced manufacturing driving job creation in the region, Tri Pointe Homes is well-positioned to serve a market with a demand for premium lifestyle homes.
Construction at Pine Ridge is expected to begin in mid-2025, with model home construction slated for mid-2026 and a grand opening anticipated in September 2026. For more information, visit tripointehomes.com/orlando.
About Tri Pointe Homes®
One of the largest homebuilders in the U.S., Tri Pointe Homes, Inc. (NYSE: TPH) is a publicly traded company operating in 12 states and the District of Columbia, and is a recognized leader in customer experience, innovative design, and environmentally responsible business practices. The company builds premium homes and communities with deep ties to the communities it serves—some for as long as a century. Tri Pointe Homes combines the financial resources, technology platforms and proven leadership of a national organization with the regional insights, longstanding community connections and agility of empowered local teams. Tri Pointe has won multiple Builder of the Year awards, was named to the 2024 Fortune World’s Most Admired Companies™ list, is one of the 2023 Fortune 100 Best Companies to Work For® and was designated as one of the PEOPLE Companies That Care® in 2023 and 2024. The company was also named as a Great Place To Work-Certified™ company for four years in a row (2021 through 2024), and was named on several Great Place To Work® Best Workplaces list (2022 through 2024). For more information, please visit TriPointeHomes.com.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a73181d7-11a2-4ea6-86a1-3c805675133e
1 U.S. Census Bureau: https://www.census.gov/quickfacts/fact/table/minneolacityflorida/PST120223
FAQ
How many homesites did Tri Pointe Homes (TPH) acquire in Minneola's Sugarloaf Mountain?
When will construction begin at Pine Ridge at Sugarloaf Mountain?
What homesite sizes will TPH offer at Pine Ridge at Sugarloaf Mountain?
What amenities will be included in TPH's Pine Ridge at Sugarloaf Mountain development?
