Author Archives: Kristin Fortier

Stanley Martin Homes pays $7.9M for Groveland subdivision on Dewey Robbins | GrowthSpotter

By LAURA KINSLER | lkinsler@growthspotter.com | GrowthSpotter
June 19, 2023 at 12:01 p.m.

Stanley Martin Homes paid $7.9 million this month to acquire 343.5 acres along Dewey Robbins Road in Groveland for a new subdivision called Peachtree Hills.

“We were under contract for this property back when we were still Avex Homes,” Division President Eric Marks said. SMH acquired Avex Homes in 2021. The seller was an investment group led by Daryl Carter, president of Maury L. Carter & Associates.

Carter said that fact that the property had already been annexed and zoned meant the buyer would assume little political risk. “Along that entire Dewey Robbins corridor, we’ve sold thousands of acres of land over the last 12-18 months,” he said. “The folks who are buying this property are very well capitalized.”

Read entire article here: https://www.growthspotter.com/2023/06/19/stanley-martin-homes-pays-7-9m-for-groveland-subdivision-on-dewey-robbins/

Documents reveal ‘repurchase triggers’ that would force Disney to sell Lake Nona land back to Tavistock | Orlando Business Journal

By   –  Staff Writer, Orlando Business Journal
 Updated 

Lake Nona’s master developer not only has a say in what happens next with the 60 acres it sold to The Walt Disney Co. (NYSE: DIS) for the theme park titan’s abandoned corporate campus project, but it also has a timetable for when it might get the land back.

A review of legal documents related to the September 2021 land sale between Burbank, California-based Disney and Tavistock Development Co. LLC shed some light on when Disney may have to resell all or part of its Lake Nona property in southeast Orlando to Tavistock as a result of it nixing plans to build a 1.8 million-square-foot office campus there.
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However, a company as well capitalized as Disney should be able to hold the land without much issue, said veteran Orlando land broker Daryl Carter of Maury L. Carter & Associates, who isn’t involved with the project. Executives likely will talk through a number of considerations as to what to do next — and when to do it, Carter told Orlando Business Journal.

Read entire article here: https://www.bizjournals.com/orlando/news/2023/05/24/disney-lake-nona-repurchase-triggers-revealed.html