Project Requirements

📒Summary of Ashiana 🏡 Project 🏗️ requirements:

1.     Development Area🏞️:

o   Accommodation for 100+ homes on approximately 50-foot lots, with an average area of around 2000 sq ft for ranch-style homes.

o   Requirement of 25 to 30 acres of land classified as RES-3.

o   Proximity to hospitals, highways, and grocery stores within a radius of approximately 5-15 miles.

o   Access to Tampa Airport within a range of 30-40 miles.

2.     Development Structure:

o   Search for a turnkey developer to facilitate post-development Property Owners Association (POA) collaboration with a midsize local builder.

o   Preference for integration within an ongoing community project featuring a sub-HOA.

3.     Community Amenity Center🏰:

o   A necessity for a dedicated amenity center, covering an area of ~ 5000+ sq ft, featuring a commercial kitchen🥗🍹🍲, event hall💃🎸, multiple meeting rooms, and office facilities. Notably, there is no requirement for pool or water structures.

o   Proposal to establish the amenity center with a Community Development District (CDD) structure.

4.     Price Range💲:

o   The target price range for 2000 sq ft homes is around $350K and $450K, with a degree of flexibility in consideration of a more favorable location.

o   Suggested standard payment structure involving a home booking with a deposit ranging approximately from $7K to $10K.

Additional Considerations:

1.     55+ 🤓Community Aspect:

o   Considering the establishment of a 55+ community, which could potentially contribute to reducing initial costs or offsetting some expenses related to the community center in the future.

o   Emphasize any county-specific tax benefits associated with the chosen location, providing insights into how these benefits could positively impact the overall project.

Timelines⏳:

1.      The targeted goal is to finalize the closure of the first set of homes by the year 2025. To ensure this deadline is met, it is imperative to conduct reverse engineering for all other major milestones, such as permit acquisition, land entitlement procedures, development phases, and more.

·        It is essential that the project plan takes into account the designation of the community as 55+ and incorporates plans for the amenity centers accordingly.

Interested Members 🧑‍🤝‍🧑Information:

·        Based on the results obtained from our recent survey (9/31/23) and the feedback garnered from the recent meetings conducted with our 30-35 core members, it is evident that they hold a significant interest in the project and are eager to participate at the earliest opportunity.

·        An equal number of members are currently observing our progress closely, awaiting further developments before committing to participation. Their cautious approach suggests a keen interest in the project's future outcomes.

·        Presently, we have refrained from engaging with the larger community members and our affiliate communities. This strategic decision is contingent upon the acquisition of crucial information, including definitive details concerning the price, location, and project timeline.

·        With the adherence to an optimal pricing strategy, a commitment to superior quality, and strict adherence to the designated timeline, we anticipate a spill-over effect into the second phase of the project, instilling a sense of confidence within our team.

Requirements 📒for Builders to Progress to a Letter of Intent (LOI):

·        Essential details pertaining to the community's location, including the nearest hospital, stores, and airport, should be provided for reference.

·        A preliminary layout plan of the community, along with an outline of the planned community features, is required for initial assessment.

·        Approximate pricing for homes measuring around 2000 sq ft needs to be outlined to facilitate budgetary considerations.

·        Submission of 3-5 home model plans, accompanied by a comprehensive list of features for each home, is necessary for evaluation.

·        Details on the anticipated Property Owners Association (POA), Homeowners Association (HOA), and Community Development District (CDD) structures should be provided, specifically concerning the amenity center.

·        Emphasis on tax benefits applicable to the 55+ demographic, along with a thorough analysis of potential risks and limitations associated with the project, will contribute to a comprehensive understanding of the project's scope and challenges.

Please let us know if you want anything from us in terms of commitment and by when.