LGI Homes Opens New Community in Orlando Area
Rhea-AI Summary
LGI Homes (NASDAQ: LGIH) has announced the grand opening of Tula Parc, a new residential community in Astatula, Florida. The development offers affordable three-, four- and five-bedroom homes starting from the low-$300s, featuring open-concept layouts and the CompleteHome™ package.
Each residence includes built-in upgrades such as granite countertops, stainless steel kitchen appliances, energy-efficient windows, and modern flooring in the base price. The community's location near Little Lake Harris provides residents access to outdoor activities like boating, fishing, and hiking, while maintaining proximity to major cities including Tavares, Clermont, and Orlando.
According to John Gammon, Vice President of Sales for Orlando, the location offers an ideal balance between city access and community benefits with competitive pricing. The Tula Parc Information Center is open daily, with move-in ready opportunities available.
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News Market Reaction
On the day this news was published, LGIH declined 3.22%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
ASTATULA, Fla., April 07, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) is excited to announce the grand opening of Tula Parc, a new community located in Astatula, Florida. Offering a selection of affordable new homes with built-in upgrades, Tula Parc provides homebuyers with an accessible and simplified path to homeownership.
Tula Parc features brand-new, three-, four- and five-bedroom homes designed with spacious, open-concept layouts. Each home comes with LGI Homes’ CompleteHome™ package, which includes sought-after upgrades such as granite countertops, stainless steel kitchen appliances, energy-efficient windows and modern flooring all included in the base price.
"We are thrilled to return to building new homes in the Astatula and Lake County area,” stated John Gammon, Vice President of Sales for Orlando. “The location of Tula Parc offers our customers the perfect balance of proximity to major cities and employment centers such as Tavares, Clermont and Orlando, while still enjoying the benefits of a growing community where we can still offer great pricing and incentives."
Located near Little Lake Harris, residents of Tula Parc can enjoy a wide variety of outdoor activities such as boating, fishing and hiking. The community also offers easy access to Astatula’s serene parks, as well as the excitement and entertainment options in the nearby city of Orlando. Whether you are looking for a peaceful retreat or a place to enjoy the outdoors, Tula Parc offers the ideal balance of comfort and adventure.
New homes at Tula Parc are priced from the low-
About LGI Homes
Headquartered in The Woodlands, Texas, LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes across 36 markets in 21 states. As one of America’s fastest growing companies, LGI Homes has closed over 75,000 homes since its founding in 2003 and has delivered profitable financial results every year. Nationally recognized for its quality construction and exceptional customer service, LGI Homes was named to Newsweek’s list of the World’s Most Trustworthy Companies. LGI Homes’ commitment to excellence extends to its more than 1,000 employees, earning the Company numerous workplace awards at the local, state and national level, including the Top Workplaces USA 2024 Award. For more information about LGI Homes and its unique operating model focused on making the dream of homeownership a reality for families across the nation, please visit the Company’s website at www.lgihomes.com.
MEDIA CONTACT
Rachel Eaton
(281) 362-8998 ext. 2560
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/16953666-5788-43ad-93fb-af4b97a96de0
FAQ
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