Mattamy Homes Orlando unit has signed an agreement with The Celebration Company to purchase Island Village, a property that represents the largest village within the Celebration master plan in Osceola County, Fla. The land area comprises roughly 350 acres and entitlements for 1,310 residential units.
Celebration is a master-planned community in Osceola County, Florida, located near the Walt Disney World® Resort and originally developed by The Celebration Company, a subsidiary of The Walt Disney Company.
“The Celebration model has long been an inspiration for us at Mattamy Homes as we envision how we want to build our own communities,” says Peter Gilgan, founder & CEO of Mattamy Homes. “We are so excited to have this amazing opportunity to work directly in the community, to develop something that complements the existing vision and Celebration brand, while at the same time enables us to introduce our unique and thoughtful designs for the future buyers in Celebration.”
“We look forward to seeing the unique home designs that Mattamy Homes brings to the Celebration Island Village area,” said Page Pierce, vice president of The Celebration Company.
Celebration Island Village is the southern-most parcel within Celebration. The property has entitlements for 1,014 single-family homes, 296 apartments, 30,000 square feet of neighborhood commercial, an elementary school and five acres for parks or civic uses. Mattamy Homes will be considering a product range of townhomes to estate homes and will be designing a brand-new product portfolio for Celebration Island Village.
Mattamy Homes anticipates sales will begin in late 2019.
