ICI Homes
Corporate brand
UnclaimedICI Homes is a privately held Florida homebuilder specializing in custom and residential community development.
Last updated August 31, 2026
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Overview
ICI Homes is a United States custom homebuilding company headquartered in Daytona Beach, Florida. The business was founded there in 1979 by Mori Hosseini under the name Intervest Construction, Inc. It began as a very small operation with two employees while Hosseini pursued an MBA at Embry–Riddle Aeronautical University. Over time, the company expanded from its original Daytona Beach base into other Florida markets and became one of the region’s larger family-owned residential builders. The company established a North Florida division in 1984, beginning construction in the Jacksonville area. By its tenth anniversary in 1990, it had completed more than 200 homes. The business adopted the ICI Homes name in 1998, when it also introduced the corporate logo that remained associated with the company. In 2000, it created a Central Florida division focused primarily on the Orlando and Tampa markets. ICI Homes also entered communities in Georgia and Tennessee for a period, but later returned to a Florida-only operating footprint. ICI Homes has built both individually customized residences and homes within planned communities. Its business has included new-home construction, community development, condominiums, renovations, and, during difficult housing-market conditions, timeshare-related activity. The company reported reaching 10,000 closed homes by the end of fiscal 2003 and later stated that it had built more than 10,000 homes since its founding. In 2014, it was identified as Volusia County’s largest homebuilder and its fourth-largest family-owned business by ranking cited in the company’s Wikipedia coverage. The company added six communities that year, reflecting renewed expansion after the housing downturn. A notable part of ICI Homes’ positioning is its emphasis on design customization, construction quality, and energy performance. Its EQ FACTOR program evaluates homes using the company’s internal quality and energy-efficiency criteria alongside national Home Energy Rating System measures administered through the Residential Energy Services Network. The Emerald, introduced in 2009 at Plantation Bay Golf & Country Club, was presented as the company’s most energy-efficient home at the time and received recognition for interior merchandising and environmental performance. The 2007 subprime mortgage crisis placed severe pressure on new-home construction. ICI Homes responded by broadening its activities into adjacent residential sectors, including condominiums, renovations, and timeshares, rather than relying exclusively on conventional new-home construction. As housing conditions improved, it refocused on its core custom-homebuilding and community-development operations. In 2020, the company acquired approximately 571.86 acres in St. Johns County, Florida, near Creekside High School, for a planned mixed-use development known as Crossroads. ICI Homes remains an active Florida residential builder, although detailed current ownership, executive, financial, and operating data are not established by the supplied reference material.
History
ICI Homes originated in Daytona Beach, Florida, in 1979, when Mori Hosseini established Intervest Construction, Inc. The company began with two employees. Hosseini developed the business while studying for an MBA at Embry–Riddle Aeronautical University, gradually building a residential construction operation that would become one of Florida’s notable family-owned homebuilders. The first significant geographic expansion came in 1984, when the company opened a North Florida division. By the end of that year, it had begun construction on 54 homes in the Jacksonville area. The company had completed more than 200 homes by its tenth anniversary in 1990, indicating a transition from a small local builder into a multi-market regional operation. In 1998, Intervest Construction began operating under the ICI Homes name and introduced its corporate logo. The rebranding gave the residential construction business a more recognizable consumer identity while retaining the underlying company’s established operations. At its twentieth anniversary in 2000, ICI Homes launched a Central Florida division serving markets centered on Orlando and Tampa. It also undertook projects in Georgia and Tennessee, although those out-of-state activities were temporary and the business subsequently concentrated on Florida. ICI Homes reached a reported total of 10,000 closed homes at the end of fiscal 2003. Its activities extended beyond standard single-family construction to include planned communities, condominiums, renovations, and timeshare-related work. This diversification became especially important after the subprime mortgage crisis began in 2007. The resulting downturn sharply affected residential construction, so ICI Homes expanded into adjacent housing and property niches while the conventional new-home market was weak. After conditions improved, the company returned its main focus to custom homebuilding and residential community development. The company also developed a quality and energy-efficiency framework known as EQ FACTOR. Homes were assessed against ICI Homes’ internal standards and national Home Energy Rating System measures associated with the Residential Energy Services Network. In February 2009, ICI Homes introduced The Emerald at Plantation Bay Golf & Country Club as its most energy-efficient design to that point. The home attracted substantial public attention and received a Laurel Award from the Northeast Florida Builders Council for interior merchandising in a detached home priced above one million dollars. Expansion resumed during the 2010s. In 2014, ICI Homes added six communities and was ranked as the largest homebuilder and fourth-largest family-owned business in Volusia County in coverage cited by its Wikipedia article. In 2015, the Northeast Florida Builders Association named it Builder of the Year for 2014. In June 2020, the company acquired 571.86 acres in St. Johns County near Creekside High School for development of Crossroads, a planned mixed-use community. The supplied sources do not provide a detailed account of the company’s current leadership structure, ownership arrangements, financial performance, or website, but describe ICI Homes as an active Florida-based builder.
- 2020
Crossroads land acquisition
[1]ICI Homes acquired approximately 571.86 acres in St. Johns County for a planned mixed-use development.
- 2015
Builder of the Year recognition
[1]The Northeast Florida Builders Association named ICI Homes its 2014 Builder of the Year.
- 2014
Six communities added
[1]ICI Homes added six new communities during the year.
- 2009
The Emerald launched
[1]ICI Homes introduced The Emerald, an energy-efficient home design, at Plantation Bay Golf & Country Club.
- 2003
10,000 closed homes reached
[1]The company recorded 10,000 total closed homes by the end of fiscal 2003.
- 2000
Central Florida division launched
[1]The company expanded into Central Florida, focusing on the Orlando and Tampa areas.
- 1998
ICI Homes name adopted
[1]Intervest Construction began operating under the ICI Homes name and launched its corporate logo.
- 1990
More than 200 homes completed
[1]By its tenth anniversary, the company had built more than 200 homes.
- 1984
North Florida division established
[1]ICI Homes opened a North Florida division and began construction activity in the Jacksonville area.
- 1979
Intervest Construction founded in Daytona Beach
[1]Mori Hosseini founded Intervest Construction, Inc., the company that later operated under the ICI Homes name.
Products and positioning
A Florida-focused, family-owned custom homebuilder positioned around personalized residential design, community development, construction quality, and energy efficiency.
Residential construction · 1979
Custom single-family homes
ICI Homes’ core offering is custom and semi-custom single-family housing. Buyers can select among home plans, layouts, finishes, and site-specific options, with construction commonly taking place within planned residential communities. The company’s stated quality and energy-performance framework is intended to assess completed homes against internal standards and national residential energy-rating measures.
Energy-efficient home design · 2009
The Emerald
The Emerald was introduced in February 2009 at Plantation Bay Golf & Country Club as ICI Homes’ most energy-efficient home design at that time. It was associated with the company’s EQ FACTOR approach to quality and energy performance and received recognition for interior merchandising in a high-value detached-home category.
Mixed-use community development · 2020
Crossroads
Crossroads is a planned mixed-use development associated with ICI Homes’ acquisition of approximately 571.86 acres in St. Johns County, Florida, near Creekside High School. The supplied reference identifies the land purchase and intended development but does not provide final details about the community’s full program, housing inventory, or completion status.
Adjacent residential services · 2007
Condominiums and renovations
During the housing downturn following the 2007 subprime mortgage crisis, ICI Homes expanded beyond conventional new-home construction into condominiums, renovations, and timeshare-related activity. These areas helped diversify the business while the new-home market was under pressure; the company later refocused on custom homebuilding as market conditions improved.
Brand decisions
2020
Acquisition of land for CrossroadsM&ABackground
ICI Homes pursued further residential and community-development opportunities in Northeast Florida.
Action taken
The company acquired approximately 571.86 acres in St. Johns County, Florida, near Creekside High School, for a mixed-use project called Crossroads.
Aftermath
The transaction expanded the company’s land position and development pipeline in the St. Johns County market. The supplied source does not establish the project’s final completion or financial outcome.
Land acquisition price. 8420000 USD (June 2020)
2009
Launch of The EmeraldProduct launchBackground
ICI Homes was developing its quality and energy-efficiency positioning through the EQ FACTOR program.
Action taken
The company introduced The Emerald at Plantation Bay Golf & Country Club as its most energy-efficient home design at the time.
Aftermath
The home attracted significant public interest and received a Laurel Award for interior merchandising in a detached home priced above one million dollars.
2007
Diversification during the housing downturnStrategyBackground
The subprime mortgage crisis placed substantial pressure on the new-home construction industry and challenged builders that depended on conventional residential sales.
Action taken
ICI Homes broadened its activities into timeshares, condominiums, and renovations while the housing market was weak.
Aftermath
As the market stabilized, the company returned its primary focus to custom homebuilding.
Sources1 sources
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