ICI Homes is a custom homebuilding company based in the United States, founded in 1979 as Intervest Construction, Inc. in

Daytona Beach Daytona Beach, or simply Daytona, is a coastal resort-city in east-central Florida. Located on the eastern edge of Volusia County near the Atlantic coastline, its population was 72,647 at the 2020 census. Daytona Beach is approximately nort ...

Florida Florida is a state located in the Southeastern region of the United States. Florida is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Bahamas and Atlantic Ocean, and to ...

, its present-day headquarters. The company has built over 10,000 homes since its founding. In 2014, ICI Homes was ranked the largest homebuilder and the 4th largest family-owned business in

Volusia County Volusia County (, ) is located in the east-central part of the U.S. state of Florida, stretching between the St. Johns River and the Atlantic Ocean. As of the 2020 United States Census, 2020 census, the county was home to 553,543 people, an incr ...

History

Intervest Construction Inc. was founded in

in 1979 by Mori Hosseini. Initially having only two employees, Mori built up the company while working towards an MBA at Embry–Riddle Aeronautical University. Intervest Construction Mori Hosseini

In 1984, the North Florida Division was established. By the end of the year, construction had started on 54 homes in the

Jacksonville Jacksonville is a city located on the Atlantic coast of northeast Florida, the most populous city proper in the state and is the List of United States cities by area, largest city by area in the contiguous United States as of 2020. It is the co ...

area. By the company's 10th anniversary in 1990, it had built more than 200 homes. Intervest Construction Inc. started operating under the ICI Homes moniker in 1998 and its corporate logo was launched which is still in use today. In 2000, at the company's 20th anniversary, the company launched its Central Florida division, primarily focusing on the

Orlando Orlando () is a city in the U.S. state of Florida and is the county seat of Orange County. In Central Florida, it is the center of the Orlando metropolitan area, which had a population of 2,509,831, according to U.S. Census Bureau figures re ...

and

Tampa Tampa () is a city on the Gulf Coast of the U.S. state of Florida. The city's borders include the north shore of Tampa Bay and the east shore of Old Tampa Bay. Tampa is the largest city in the Tampa Bay area and the seat of Hillsborough County ...

areas. The company also built homes in communities in

Georgia Georgia most commonly refers to: * Georgia (country), a country in the Caucasus region of Eurasia * Georgia (U.S. state), a state in the Southeast United States Georgia may also refer to: Places Historical states and entities * Related to the ...

and

Tennessee Tennessee ( , ), officially the State of Tennessee, is a landlocked state in the Southeastern region of the United States. Tennessee is the 36th-largest by area and the 15th-most populous of the 50 states. It is bordered by Kentucky to th ...

, but returned to Florida exclusivity after a couple years. At the end of the 2003 fiscal year, ICI Homes had marked a total of 10,000 closed homes. The

subprime mortgage crisis The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the Financial crisis of 2007–2008, 2007–2008 global financial crisis. It was triggered by a large decline ...

that began in 2007 hit the new home construction industry especially hard. ICI Homes prevailed by expanding its efforts into other niches, such as timeshares, condominiums, and renovations. As the market stabilized and improved, the company refocused its efforts back to custom homebuilding. In 2014, the company added six new communities. In 2015, The Northeast Florida Builders Association (NEFBA) named ICI Homes its 2014 ''Builder of the Year''. In June 2020, the company acquired 571.86 acres(for $8.42 million) in St. Johns County, Florida near Creekside High School for a mixed-use community called the Crossroads.

EQ FACTOR

All ICI Homes are rated against the company's own EQ FACTOR—a program which rates its homes in terms of quality and energy efficiency—and the national Home energy rating by the Residential Energy Services Network (RESNET). ICI Homes launched its most energy efficient home, ''The Emerald'', in February 2009 at Plantation Bay Golf & Country Club. Th
Northeast Florida Builders Council (NEFBC)
bestowed its Laurel Award for Best Interior Merchandising in a Detached Home priced at more than US$1 million. ''The Emerald'' has been praised by environmentalists, builders, and planners for energy efficiency and environmental quality. It received more than 13,000 visits in 2009, a record for the company.

References

External links

* {{DEFAULTSORT:ICI Homes Construction and civil engineering companies established in 1979 Companies based in Florida Construction and civil engineering companies of the United States Home builders 1979 establishments in Florida