Builder Purchases 500-Plus Lots in Connerton

Things are looking up for Connerton homeowners.

An Arizona builder has purchased 510 lots in the Land O' Lakes community, according to the Tampa Bay Times.

Taylor Morrison will build on "a significant number" of the lots and sell the remainder to other builders, the Times reported.

The purchase price of the properties was not disclosed.

The community has about 280 finished homes, with 4,000 lots remaining, according to the Times.

Stew Gibbons, a former Connerton executive who now works as a consultant for the community, told the Times that "this is the most optimistic time of the market we have seen in six or seven years."

The announcement was met with kudos from County Commissioner Pat Mulieri, the Times reported.