An Orlando-based homebuilder with an office in Tampa, Park Square Homes, has acquired 25 acres in Babcock Ranch, a solar-powered master-planned community northeast of Fort Myers. The sale price for the site wasn’t disclosed.
Park Square Homes, according to a statement, plans to build 242 town homes on the property just south of the community’s bustling town center. Units include five floor plans ranging in size from three to four bedrooms and 1,522 to 1,737 square feet.
“We are thrilled to bring Park Square Homes to Babcock Ranch,” PSH Tampa division vice president of operations Randy Turkovics says in the release. “With the demand expected to be high, these homes will showcase Park Square Homes’ commitment to quality and bringing the dream of homeownership to life in this innovative community.”
Site development and model home begin in early 2023, with sales projected to begin later in the year, company officials say.
Babcock Ranch is powered by two photovoltaic solar energy facilities with a 10MW battery storage system that includes a total of 650,000 solar panels laid out along 870 acres. Babcock Ranch was founded as Crescent B Ranch in the late 1800s before being acquired in 1914 by Edward Babcock. After the family sold the land, development began in 2018.
Park Square Homes, a division of Park Square Enterprises LLC, was founded in 1984.