40 new townhomes coming to Pinellas Park from D.R. Horton
/A rendering of one of the townhome buildings with five units | D.R. Horton
A vacant stretch of land in the heart of Pinellas Park is slated to become a 40-unit townhome development.
National homebuilder D.R. Horton, in partnership with St. Pete-based HP Capital Group, is moving forward with a new project called Townes at Island Lake, located at 4210 78th Avenue North.
The 2.76-acre property sits near the intersection of 78th Avenue North and US 19, close to Ashley Furniture and Walmart Supercenter.
HP Capital Group recently completed the horizontal development of the townhome lots and has handed them over to D.R. Horton to begin vertical construction.
“We develop the lots for D.R. Horton and coordinate our closing so they can start their work right away,” said Angelo Cappelli, a partner at HP Capital Group, in an interview with St. Pete Rising.
Over the past year, HP Capital Group has partnered with D.R. Horton on a 58-unit townhome community in Largo and a 64-unit community in Palm Harbor.
The two-story townhomes will be constructed with all concrete block and will feature three bedrooms, two-and-a-half bathrooms, quartz countertops in both the kitchen and bathrooms, stainless steel appliances, and smart home technology.
Buyers will be able to choose from two floor plans, each offering 1,463 square feet of living space. Every home will include a one-car garage, a driveway large enough for two vehicles, and a back patio.
Prices have not yet been announced. However, pre-sales are expected to begin by early 2026, according to Cappelli.
For more information and updates, visit the Townes at Island Lake on D.R. Horton’s website.
In addition to Townes at Island Lake and other recent collaborations, D.R. Horton and HP Capital Group are also pursuing plans to redevelop a site in west St. Petersburg into a 72-unit affordable townhome community.
