Middleburg Communities to Join Avalon Park Wesley Chapel Development

Middleburg Communities to Join Avalon Park Wesley Chapel Development

Construction to Begin on 49 Acres This Spring

Wesley Chapel, FL (March 9, 2023) – Avalon Park Group/sitEX announced today that they have sold two land parcels, totaling 49 acres to Middleburg Communities this week.  Middleburg plans on developing two residential projects in the area designated as Downtown Avalon Park Wesley Chapel.

Mosby Avalon Park is planned to be a 338-unit traditional apartment community which will break ground in the spring of 2023.  Hamlet Avalon Park, a future phase, is slated to bring 260 build-to-rent products including single-family homes, duplexes, and townhomes.

“The addition of these residential units brings housing diversity and support to the downtown area of Avalon Park that is now under construction,” says Beat Kahli, CEO, Avalon Park Group/sitEX. “The mix of product that Middleburg brings to Avalon Park helps expand the housing options available and creates opportunities for even more to be able to find a place to live, learn, work and play.”

According to a recent press release by Middleburg Communities, Mosby Avalon Park will feature one, two and three-bedroom units in four-story elevator-served buildings with quartz countertops, stainless steel appliances, and luxury vinyl plank flooring. Amenities include a resort-style pool, fitness center, dog park, and pet spa.

The first phase of Downtown Avalon Park Wesley Chapel is now under construction with a 3-story, 73,067 SF mixed-use building and includes 40 multi-family apartments and 23,720 SF ground floor commercial/retail space. The building is adjacent to a 2-acre community park, and both are slated to open in the first quarter of 2024.  Avalon Park Wesley Chapel is entitled for 4,800 homes and upon completion will encompass more than 1,600 acres and will host approximately 400,000 square feet of retail and 100,000 square feet of office space in its downtown.

For more information on Avalon Park Wesley Chapel, please visit www.AvalonParkWesleyChapel.com or email Info@AvalonParkWesleyChapel.com.

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sitEX

Investment into sitEX Properties Holding AG, a publicly traded Swiss real estate development company with activities in Northwest Switzerland, Central Florida and Texas. Largest shareholder. Top performing publicly traded company in Switzerland with a 10-yr IRR of 19.4%.