Reston, Virginia-based Stanley Martin Homes recently expanded its reach in Tampa with $60 million of land deals that have secured almost 1,200 homesites for future development. 

The builder amassed the land portfolio over the last six months and anticipates the first closings to take place next year.  

The deals were made by Stanley Martin’s Tampa/West Florida Division, which covers a range of counties but focuses on a swath from central Pasco County to north Manatee County. The builder plans to continue building a Tampa-area land pipeline through 2025 via additional acquisitions. 

“This $60 million investment marks a significant milestone for Stanley Martin Homes as we expand our footprint in the greater Tampa market,” Regional President Eric Marks said. “These new land deals represent the beginning of our long-range plan to establish a strong presence in all major markets across the state of Florida.”