Site is one of the last large development tracts in Riverview,
Tampa Bay’s top area for residential development
TAMPA, Fla. (Feb. 18, 2016) – Mattamy Homes, a leading North American homebuilder, has purchased a 106-acre land parcel in Riverview for $12.1 million. The sale comes at a time when South Hillsborough County is seeing more residential development than any other submarket in the greater Tampa Bay area.
Mark Eilers, Director of Land Services, and John Scott, Senior Vice President, of Colliers International Tampa Bay, represented the sellers in the transaction and assembled the individual land parcels for sale.
The assembled land is one of the last remaining large residential development tracts in Riverview. The sellers were predominantly made up of members and descendants of one of Riverview’s pioneer families, the Goolsby family, who settled in Hillsborough County at the turn of the Nineteenth Century.
According to research company Metrostudy, South Hillsborough County had 2,502 homes begin construction in 2015, making it the No. 1 area for new home growth in Hillsborough, Pinellas, Pasco and Hernando counties.
“The high level of home sales activity we are seeing in Riverview and throughout South Hillsborough County is due to the amount of available land combined with fair home pricing,” said Colliers’ Eilers. “This transaction marks the next step in the evolution of a competitive submarket with a high barrier to entry.”
The land is situated near the intersection at Boyette Road and McMullen Road, immediately adjacent to the Publix-anchored Goolsby Pointe shopping center.
Mattamy Homes has over 20 residential communities in Florida, including Triple Creek in Riverview, which is approximately five miles south of the newly purchased land parcel.
About Colliers International Group Inc.
Colliers International Group Inc. is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm. For the latest news from Colliers International, visit Colliers.com, or follow us on Twitter: @Colliers and LinkedIn.
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