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Centex's LTC Ranch Project Awarded First Phase Approval From the City of Port St. Lucie

HCG is Providing Centex Homes with Entitlement, Planning and Design Services for the LTC Ranch Project

A team approach, creative land planning and design and open dialogue with the community are all ingredients of the recipe for development success. At a recent Port St. Lucie City Commission meeting the First Phase PUD 1 approval was granted for Centex's LTC Ranch project.

"We are delighted with the Commission’s approval for this very important project," said Patrick Cunningham, Senior Project Manager at HCG. "Port St. Lucie represents a dynamic market for Centex and this project will certainly lead the way for future smart planning and growth in this city."

The project, a part of the LTC Ranch DRI, is located west of I-95 and south of Midway Road. First Phase PUD 1 encompasses 650 single family and multi-family homes on 398 acres. Also included is a 50,000 square foot village amenity center and 83,000 square feet of commercial space for the 55 and over active adult community.

The entire LTC Ranch project includes 4,000 total homes and a commercial shopping center on
2,055 acres. The master plan recognizes the regional context of the property and its significance to a well-planned northwest expansion of Port St. Lucie. The project includes many forms of recreation, pedestrian corridors, bicycle lanes, golf cart access and community parks, including a 120-acre regional park and kindergarten through eighth grade school. The project is being designed to promote pedestrian, bike and golf cart circulation among its residents. Path and trails shall be an integral part of the overall design to reduce the amount of automobile trips for the residents.

LTC Ranch is Centex’s largest land acquisition in company history. The project represents the
largest Centex destination and orientated lifestyle community in the eastern United States. Dallas-based Centex (NYSE: CTX), founded in 1950, is one of the nation's leading home building companies. Centex operates in major U.S. markets in 25 states and delivered more than 35,000 homes in the United States in its most recent fiscal year. Centex's Home Building operation consistently ranks among the largest multi-market, single-family home builders in the United States. Centex is the only company to rank among the Top 10 U.S. home builders for more than 40 consecutive years, according to Professional Builder magazine.

In addition to its home building operations, Centex's related business lines include mortgage, title and insurance services and integrated pest defense systems. These businesses provide operational or financial support to the company's home building operations and are leaders in their respective industries.

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