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LEESBURG, FL-Orlando-based Royal Palm Homes plans to break ground early next year on an estimated $20-million, 189-unit condominium community that will have three eight-story buildings on a 30-acre tract south of Dixie Avenue and Lake Street and north of Lake Harris. Completion is expected in first quarter 2006.

Leesburg city commissioners approved the rezoning request for the land, despite some community opposition. Residents fear the height of the project is out of place in an area where single-story homes are the norm. City officials and staffers, however, tell GlobeSt.com the project is expected to be a magnet for future growth in and around Leesburg.

The condos will sell for $200,000 to $400,000 in a single-story market where the median price has been $170,000, area real estate agents tell GlobeSt.com.

Royal Palm Homes has built a comparable condo community in Casselberry, an Orlando suburb, and has another condo venture, the 18-story Sanctuary, under construction in Orlando at East Church Street and Eola Drive.

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