35 Acres In Wesley Chapel Targeted For New Apartments, Town Homes

WESLEY CHAPEL, FL — DHI Communities, the multifamily division of national home builder D.R. Horton, has purchased 34 acres of land in Wesley Chapel for $9.5 million to build 330 apartments and 82 for-sale town homes.

Located just north of Wesley Chapel Boulevard between Old Pasco Road and Oakley Boulevard, the $80 million residential community will be called Grove West.

Mark Eilers of Colliers International represented the buyer in the transaction, while Jim Krivacs with Procorp Realty represented the seller, Second Base Holdings, LLC.
“Developers are taking every opportunity to develop along the State Road 54 corridor,” said Mark Eilers, executive managing director of land services at Colliers International, which represented the DHI Communities in the sale. “This is a great location for DHI Communities to enter the Tampa Bay market due to its superior access to State Road 54 and Interstate 75, proximity to major employment centers and walkability to nearby retail and restaurants.”

The Grove at Wesley Chapel, a 471,000-square-foot retail center, is adjacent to the parcel and future commercial development is planned for outparcels in front of the Grove West residential community.

The garden-style apartment community called Ascend at Grove West will feature a large resort-style pool, fitness center, cyber café, yoga lawn, dog parks, walking trails and park spaces. The 330 units will include a mix of one, two and three bedrooms.

Construction for both the apartment and town home communities is expected to begin in April. DHI Communities leaders expect to begin leasing apartment units in Ascend at Grove West in the second quarter of 2022. The town homes are expected to be ready in early 2022.