A major development is underway in the Tampa region that will add hundreds of homes to an already hot market.
Houston-based developer Hines broke ground in October on Kinfield, a 785-acre mixed-use master-planned community in unincorporated Pasco County, about 30 minutes north of Tampa.
Set to open in late summer 2026, Kinfield will include 600 single-family homes, 1,550 townhouses and apartments, 500,000 square feet of office space, 190,000 square feet of retail and commercial space, a 250-room hotel, and 3 million square feet of industrial space.
Development is underway at the intersection of Interstate 75 and State Road 52, near the town of San Antonio.
“Kinfield is designated as an important future employment center for Pasco County,” a Hines spokesperson wrote in an email to Homes.com. “This master-planned, mixed-use project will provide employment opportunities, housing and shopping for the regional market.”
The spokesperson confirmed that there is no brand attached to the hotel yet.
The development marks Hines’ third in Pasco County in the past 12 years. The company said the broad range of housing styles will allow for a variety of starting prices, with some townhouses available for sale and others for rent.
“Pasco County continues to experience strong growth fundamentals due to its convenient location in the MSA, good schools and overall quality of life,” the spokesperson wrote.
Pasco County sees strong growth
After explosive growth during and immediately following the pandemic, metro Tampa has seen a slowdown in sales in recent months, leading to increased inventory, according to Homes.com research. Listings in August were up 15% year over year; however, they had trended downward from a peak in May. The median home price in August rose 0.8% from the previous year to $378,000.
“Pasco County continues to see strong interest from home developers, and rightly so,” said Michelle Rumore, Homes.com director of analytics for the region. “It's been a leader in the state of Florida for population growth over the past five years. We're seeing more and more of these mixed-use developments, as they provide residents with more than just a place to live, but also with close-by amenities. Not only is it attracting home buyers, but also retailers and other users looking to tap into that growth."