Coso Capital proposes 459-unit multi-family development in Ocala's Timberland area

June 09, 2025 | Ocala, Marion County, Florida


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Coso Capital proposes 459-unit multi-family development in Ocala's Timberland area
The Ocala Planning & Zoning Commission convened on June 9, 2025, to discuss a significant development proposal for a 35.1-acre site located behind the Timberland Apartments. The meeting focused on the annexation, land use change, and planned development (PD) rezoning for the properties, which are currently zoned for multifamily residential use.

The northern property is home to the Timberland Apartments, a 42-unit multifamily development, while the southern property remains undeveloped and heavily wooded. The proposed PD plan aims to create a mix of residential uses, including single-family detached and attached homes, as well as multifamily units. The plan specifies a minimum density of three dwelling units per acre and a maximum of 18 units per acre, with the developers proposing an average of 11.67 units per acre, totaling approximately 459 dwelling units.

Key features of the development include 37.9% open space, which will encompass amenities such as a clubhouse, pool, community building, walking paths, and lake areas. The plan also includes a 40-foot wide reserve buffer along the southern property line for future expansion, as well as typical landscape buffers around the site.

During the meeting, the developers requested several variations from existing zoning codes, including a reduction in the required parking spaces for single-family attached units and adjustments to the right-of-way widths for alleys. The board discussed the implications of these variations, particularly concerning the potential impact on local schools, as the development could add a significant number of students to already crowded facilities.

Denny Troncoso, the developer, emphasized the project's commitment to community impact, highlighting the successful renovation of the Timberland Apartments and the intention to create a walkable, amenity-rich environment that integrates various housing types with ample green space.

The commission staff recommended approval of the annexation, land use change, and PD rezoning, contingent upon updates to the PD standards book prior to city council hearings. Following a brief period for public comment, which yielded no responses, the board proceeded to discuss the proposal further.

Overall, the meeting underscored the ongoing efforts to enhance residential development in Ocala while addressing community needs and maintaining compliance with city standards. The next steps will involve further review and potential approval by the city council.

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