A plat received preliminary approval Tuesday for 405 homes on the Beaumont property across County Road 466A from Pinellas Plaza and next to Trailwinds Village.
Homes will include 271 detached single-family dwellings and 134 townhouses on 154 acres. Construction of the first phase would be completed by the end of 2020.
At a meeting of the Wildwood Planning and Zoning Board, Special Magistrate W. Grant Watson recommended the plat for City Commission approval. The commission likely will consider it later this month.
Single-family homes will be located along three streets near the rear of the property, while townhouses will be built closer to CR 466A on the southeast side of a wetland and storm water retention area. The neighborhood will be gated but without street lights, according to the plat information.
Maximum building height will be 35 feet. An earlier plan by the previous developer included a six-story high-rise building.
Portions of the site along CR 466A and County Road 462 are slated for hotel, institutional or commercial development.
Earlier this year, city commissioners approved an ordinance that would allow up to 1,298 dwelling units, 174,250 square feet of institutional space and 544,500 square feet of commercial space on the Beaumont property.
The Beaumont Community Development District was created to build the infrastructure and manage the property. It plans to complete $16.7 million of improvements over the next three years, including $2.2 million for roadways, $2.8 million for utilities and $4.5 million for storm water management.
WholeLife Properties first announced development plans for the site in December 2015. The first phase was to include 400 luxury bungalows expected to rent to adults age 55 and older on three-year leases for $3,000 to $4,000 a month. An apartment building of up to six stories was planned.
The property eventually was sold after WholeLife Properties filed for Chapter 11 bankruptcy in June 2016.The bankruptcy was prompted by a lender’s letter that threatened foreclosure on property the company owned in McKinney, Texas.
Current owners are listed as Michael and Kathy Stokes, the Raymond Penrose Beaumont Family Trust, the June B. Beaumont Family Trust and Pine Cone Investments.
