By LAURA KINSLER
GROWTHSPOTTER | FEB 24, 2022 AT 6:05 PM

A subdivision that was approved for hundreds of homes and a private marina on Lake Gentry — and then sat on the shelf for eight years — is finally moving forward.

Mattamy Homes has a purchase contract for the 248-acre Lake Gentry Landings on Canoe Creek Road and has filed a Preliminary Subdivision Plan with Osceola County for the boating community. The 708-home neighborhood would be built around a 24-acre internal pond with a marina and boat lift providing access to the Alligator Lake system, a chain of seven lakes connected by canals. Pedestrian bridges over the pond enhance the walkability features for the neighborhood.

The property was rezoned in 2014 to Mixed-Use and has an approved Concept Plan. It last sold in 2015 to Orlando investor Sam Oswald, who bought it with the entitlements for just under $3.4 million. Daryl Carter, president of Maury L. Carter & Associates, represents Oswald, who he describes as a close family friend. He said Oswald’s patience will pay off when Mattamy closes on Lake Gentry Landings.

He said the project was a slam dunk because it has lake frontage, road frontage and a good location. Plus it already had water service when Oswald bought it. “It was kind of like green bananas. We knew it was going to turn yellow,” Carter said.

Read entire article here: https://www.growthspotter.com/news/osceola-county-developments/gs-news-mattamy-lake-gentry-20220224-hdnf4yu37jeznpnxqdwr35k334-story.html

By LAURA KINSLER and BILL ZAFEROS
GROWTHSPOTTER | FEB 01, 2022 AT 4:30 PM

California-based Richland Communities will bring its experience delivering large master-planned communities to Lake County as the new owner of 550 acres in the Wolf Branch Innovation District just outside of Mount Dora.

Richland acquired the properties through a series of six transactions in late December totaling $24.8 million. The sales transacted the same day the developer closed on 370 acres in Groveland with entitlements for up to 740 homes and a village core under the city’s Hamlet designation.

The largest tracts include the approximately 298-acre site known as Summer Lake-Grace Groves, south of SR 46, which sold for $10.57 million, and the 215-acre Sorrento LLC site, north of SR 46, which sold for $9.8 million. Daryl Carter, president of Maury L. Carter & Associates, brokered all of the sales and also was the seller of the Sorrento property.

“We have a perfect storm driving growth. Central Florida is on fire,” Carter said. “We’re a job-producing machine. We have good leadership, and the results are obvious.”

Read entire article here:  https://www.growthspotter.com/news/lake-county-developments/gs-news-richland-mount-dora-20220201-m7yswhef4jadtf5eoddqlyfh6a-story.html