Forestar Hosts Groundbreaking for Star Farms at Lakewood Ranch

MARCH 30, 2021 – Forestar Group Inc. (“Forestar”), a leading national residential lot developer, is proud to announce the groundbreaking of Star Farms at Lakewood Ranch. Attendees at the event held on March 23, 2021 included Tony Chiofalo, Executive Vice President and Chief Financial Officer (EVP & CFO) of SMR; John Barnott, Manatee County Building and Development Services Director; Tony Squitieri, Forestar West Florida Division President; Tim Martin, Forestar West Florida Development Director; and Robert Price, Forestar West Florida Land Development Manager.

Surrounded by the natural beauty of Southwest Florida, Star Farms at Lakewood Ranch will be a multi-generational lifestyle community that offers a unique experience tailored to meet the needs of today’s diverse homebuyers. The thoughtfully designed, 700-acre, gated neighborhood Forestar will develop is planned to be a resort ranch hometown featuring 1,500 single family homes, paired villa retreats and townhomes with a variety of amenities, clubs and hospitality services. Positioned within the award-winning master-planned community of Lakewood Ranch, Star Farms is minutes from dining, shopping and cultural activities as well as top-rated beaches.

“It is exciting to begin our journey, watching our designs become places and our creations become new experiences,” said Forestar West Florida Division President Tony Squitieri. “In a short time, we will see families creating homes, friends and neighbors exploring new relationships and our community becoming a hometown for many. A place where generations of family, including grandparents, parents and children, can experience life together with many new adventures and discoveries ahead.”

Builders are expected to be introduced this summer and construction of model homes is planned to begin in the early fall of 2021.

“We are thrilled that we are moving closer to the opening of Star Farms, a village that will offer a unique mix of family and age-appropriate amenities and homes woven into a traditional town setting,” said Laura Cole, senior vice president of LWR Communities.

Whether exploring new adventures, discovering new passions, meeting new neighbors or finding new ways to connect with nature, Star Farms will be an extraordinary place to call home. Experience a hometown that connects and inspires.

Visit www.starfarmslwr.com and join the VIP Club for the latest information.

About Lakewood Ranch

Lakewood Ranch is the 33,000+-acre award-winning master-planned community in Sarasota and Manatee counties on the West Coast of Florida. Just minutes from the Gulf Coast beaches and cultural assets in Sarasota, Lakewood Ranch is already home to more than 42,000 residents and features A-rated schools, the Lakewood Ranch Medical Center, the Sarasota Polo Club, the 75-acre Premier Sports Campus, its own Main Street with theaters, shopping and dining, and more than four million square feet of commercial property. For more information visit www.lakewoodranch.com.

About Forestar Group Inc.

Forestar Group Inc. is a residential lot development company with operations in 51 markets in 21 states and delivered 11,518 residential lots during the twelve-month period ended December 31, 2020. The Company is a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002.  For more information, visit www.forestar.com.