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Pasco homebuilder sold to suburban DC developer

Biscayne Homes was bought by a 33-year-old Maryland company that is expanding into the Southeast.

By Louis Llovio
| 4:30 p.m. March 4, 2024
| 0 Free Articles Remaining!

The Mirada Lagoon in Pasco County is the third lagoon that Metro Development Group has built.

Tampa Bay-Lakeland

Biscayne Homes, a Pasco County homebuilder probably best known for a pair of projects within local lagoon-centered communities, has been sold to a Maryland company.

Details of the deal were not disclosed, but the buyer, DRB Group, says in a news release that it is purchasing all of Biscayne Homes’ assets in the Tampa Bay market and in Southwest Florida as part of an expansion in the state.

In the release, Rockville, Maryland-based DRB says it has been expanding into the Southeast since 2023, moving into Myrtle Beach, South Carolina, the Piedmont Triad metropolitan area in North Carolina and in Orlando. (The Triad is a 12-county region that includes Greensboro and Winston-Salem.)

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Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.