Park Square Homes

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Mattamy Homes Steps Up Land Purchases for New Communities

The Florida-based builder copies its Canadian parent’s business model. More

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Florida Population Falls for First Time Since World War II

Estimates suggest the state lost more than 50,000 people in one year due to the recession. More

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Builder 100: A Horrid 2008 Behind Them, Few Builders Are Making Dramatic Changes Builder 100: A Horrid 2008 Behind Them, Few Builders Are Making Dramatic Changes

The hard times that began in 2006 for the housing industry dragged on through 2008. That was especially true for those companies that compose our Builder 100, whose market share of total closings fell last year to 38.7 percent from 41.2 percent in 2007. More

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Distressed Resales Turn Home Pricing into a Free for All Distressed Resales Turn Home Pricing into a Free for All

The cascade of foreclosures puts a new spin on pricing and selling houses. More

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Uncharted Territory

EARLIER THIS YEAR, PARK SQUARE HOMES pulled out of a project in Claremont, Fla., that the Orlando, Fla.–based builder had spent the previous 18 months resolving with local officials and homeowners. Development costs were heading north of $50 million, and local home prices had fallen by 10 percent. Park Square no longer felt confident that it could squeeze enough profit from this community. More

Uncharted Territory
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Uncharted Territory

Earlier this year, Park Square Homes pulled out of a project in Claremont, Fla.,... More

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Park Square's Orlando Magic

When Steve O'Dowd was approached by the founders of Orlando's Park Square Homes in 1999, they confided a vision for growth that might have made most builders in Orlando's custom and vacation-resort home market scoff. After buying out Anil Deshpande, the third original partner when he wanted to retire, Suresh K. Gupta, Park Square's CEO and partner with Chairman Braham Aggarwal, had decided to grow their company into a big builder. In a market already awash with the biggest production builder names in the country, the goal–build at least 1,000 homes a year by 2002–was no small feat, considering that the company had only built 184 homes the year before. More

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