A major mixed-use development is taking shape in one of Hernando County’s fastest-growing corridors.

Spring Hill Towne Center, near Spring Hill Drive, Barclay Avenue and the Suncoast Parkway, is planned as a 37-acre mixed-use project featuring retail alongside 240 apartments and 106 townhomes — a total of 346 new residential units. Biz Journals

The project adds another significant residential and commercial development to the Suncoast Parkway corridor as growth continues pushing north from the Tampa Bay region.

Hundreds of New Homes Coming to Spring Hill

The residential component will be a major part of the development, with 240 multifamily apartments and 106 townhomes planned.

Captec Financial Holdings is identified as the master developer and acquired the vacant property in 2023 for approximately $4.2 million, according to county records cited in reporting on the project. Appraisal Development

The combination of apartments, townhomes and commercial development creates a built-in customer base for businesses locating within the project while adding hundreds of new households near one of Hernando County’s primary highway connections.

Retail Development Taking Shape

Commercial development is also beginning to materialize at Spring Hill Towne Center.

Confirmed businesses associated with the project include Chipotle, Starbucks and Mister Car Wash, demonstrating the site’s appeal to national drive-thru and service-oriented tenants. WhatNow

Broader plans for the Towne Center have contemplated a diverse mix of uses including grocery, restaurants, hotel, medical office, banking, automotive services and multifamily housing. Significant infrastructure improvements have also been completed around the development, including new internal roadways and a bridge. Freedom Development

Growth Continues Along the Suncoast Parkway

The location is particularly significant from a commercial real estate perspective.

The Suncoast Parkway has helped improve connectivity between Tampa Bay and Hernando County, while Spring Hill and surrounding communities continue attracting new residential development.

Spring Hill Towne Center combines that accessibility with hundreds of new households and additional retail development in one project.

For retailers and service businesses, the residential component can create additional daily demand directly surrounding the commercial sites. For developers and investors, the project is another example of the continued northward expansion of Tampa Bay-area development.

Another Major Investment in Hernando County

Spring Hill Towne Center also illustrates the changing development pattern occurring across Hernando County.

Large vacant tracts near major transportation corridors are increasingly being positioned for projects combining residential density with retail and service uses rather than traditional single-use development.

With 346 residences planned alongside new commercial development, Spring Hill Towne Center could become an important activity center along the Spring Hill Drive and Suncoast Parkway corridor as the surrounding area continues to grow. Biz Journals