Author Archives: Kristin Fortier

Large mixed-use development in Lake County’s Wellness Way area in works | Orlando Business Journal

By Steven Ryzewski  –  Staff Writer, Orlando Business Journal
May 19, 2022

A 275-acre mixed-use development in south Lake County has cleared an important hurdle and is closer to rising on parcels along U.S. 27.

The Lake County Board of County Commissioners approved the rezoning of 274.68 acres from agriculture to the Trout Lake PUD. The new zoning paves the way for a project that will include up to 704 dwelling units and 48 acres of non-residential development.

The Trout Lake PUD spans two separate parcels just south of the much-anticipated $100 million Olympus project in Clermont — a 243-acre development that will be a mix of residential, sports venue, retail and medical uses.

Both projects fall within the 15,000-acre Wellness Way corridor.

Tampa-based Richland Investments LLC, also known by Richland Communities, bought the Trout Lake PUD’s western L-shaped, 155-acre parcel from Clonts in January for $13.3 million, or $85,800 per acre.

Daryl Carter of Maury L. Carter has been the broker on behalf of Clonts Groves Inc., Bonifay said, which is nearing the completion of selling off 750 acres in total along a stretch of U.S. 27, opposite of Lake Louisa State Park.

Read entire article here: https://www.bizjournals.com/orlando/news/2022/05/19/lake-county-orlando-richland-beazer-wellness-way.html

Tampa developer pays $20.2M for Little Everglades Farm in Groveland | GrowthSpotter

Maury L. Carter & Associates, Inc. and Dowd Properties handled the transaction.

By Yvette C. Hammett
Growthspotter |May 13, 2022 at 1:41 pm

The Tampa-based Eisenhower Property Group (EPG) has purchased 735-acre Little Everglades Farm in Groveland for $20.2 million, with preliminary plans to build a Village concept on the property.

Homebuilder D. R. Horton had submitted a preliminary plat for 318 residential lots on the farm but then withdrew it from consideration, Jones said. He said Rainer told him D.R. Horton would be the home builder, but a new plat will be submitted. Maury L. Carter & Associates represented the sellers in the transaction.

The village concept fits in with the city’s updated land development code. Community Development Director Tim Maslow said EPG is expected to include all three Village districts in its plan. “The core is closer to S.R. 19 on the east, then it transitions from Village Center to Village Edge.”

Read the entire article here: https://www.growthspotter.com/news/lake-county-developments/gs-news-little-everglades-farm-20220513-oqtnnfmgc5e5bifkznewpccsje-story.html