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Huge Investment at Bartram Park Marks Mattamy Homes U.S. Group as one of Region’s Top Home Builders

Friday, July 29, 2011 / Mattamy Homes

JACKSONVILLE, Fla. --- Mattamy Homes U.S. Group, the U.S. division of Canada’s largest home builder, reported it has acquired 430 single-family homesites at Bartram Park,  the 2,600-acre mixed use development located off I-95 in south Duval County.  

The acquisition, together with sites Mattamy has acquired in 13 other communities in the Jacksonville area gives the home builder one of the largest stakes in northeast Florida’s future.

Steve Parker, president of Mattamy Homes U.S. Group, said the home builder also recently acquired 31 single-family home sites at RiverTown, developed by the St. Joe Company near Racetrack Rd. in St. Johns County, and 30 single-family home sites at Durbin Crossing, also located in St. Johns County.  The RiverTown transaction includes an option to acquire additional home sites in future phases, Parker said.

Mattamy Homes already builds single-family homes at Cedar Bay and Covenant Cove in Jacksonville; Forest Hammock at Oakleaf Plantation in Orange Park; Greenleaf Village at Nocatee and Austin Park at Nocatee in Ponte Vedra; Old Sebastian Point, Sevilla and Kings Trace in St. Augustine, and Durbin Crossing and The Colony at Greenbriar in St. Johns County. Mattamy offers multifamily living at Cornerstone at Watermill Townhomes.

In June, Mattamy Homes U.S. Group reported record sales of 203 new homes for more than $48 million in its Orlando, Jacksonville, Charlotte, Phoenix and Minneapolis-St. Paul regions during its fourth quarter, which ended May 31.

In July, Metrostudy, Inc. ranked Mattamy Homes the top-selling homebuilder in the Minneapolis-St. Paul market, Parker added.

“We have planned our growth very conservatively in the U.S. and we have been very selective in our acquisitions,” Parker said. “We are now prepared to grow with our markets as the U.S. economy recovers,” he said.

About Mattamy Homes  
Mattamy Homes expanded into the U.S. in 2003 and has divisions in Jacksonville, Orlando, Charlotte, Phoenix and Minneapolis.  The homebuilder is the largest and most active in Canada with annual revenues exceeding $1.3 billion. 


Published by : LVCO
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