Author Archives: Kristin Fortier

Richland Communities buys former orange grove with potential for over 700 new homes | GrowthSpotter

By BILL ZAFEROS
GROWTHSPOTTER | JAN 28, 2022 AT 5:08 PM

The City of Groveland may see hundreds of new homes rise on 370 acres of former orange groves after land was sold to a pair of holding companies affiliated with California-based Richland Communities.

The land, located on East Dewey Robbins Road north of the Florida Turnpike and east of U.S. Highway 27 in Groveland, was once a profitable orange grove but now has a Village Core future land use in the city’s Comprehensive Plan. Assigned a “Hamlet” designation, the land use would allow for the development of 740 residential units and a village core.

Daryl Carter, of Maury L. Carter & Associates, represented the buyers. He was unavailable for comment.

Read entire article here: https://www.growthspotter.com/news/gs-news–20220128-jz7ghtmat5dopai3cjb44alyzi-story.html

BTI Partners drops $33.65M on Edgewater West property in Osceola | GrowthSpotter

By LAURA KINSLER | GROWTHSPOTTER | JAN 25, 2022 AT 5:35 PM

South Florida-based developer BTI Partners doubled its land holdings in Osceola’s East Lake Toho district after closing on the purchase of nearly 1,200 acres that comprise the balance of the former Edgewater DRI.

The deal follows BTI’s 2019 acquisition of the Edgewater East property for $40 million and gives the developer control of roughly 2,600 acres with Mixed-Use zoning and entitlements for nearly 9,000 residential units. BTI rebranded the Edgewater East project Crossprairie and is developing the first phase, where it will deliver finished lots this year to a trio of homebuilders: Meritage, Jones Homes and M/I Homes.

Daryl Carter and Clyde Wells with Maury L. Carter & Associates represented the sellers, members of the Cecil E. Whaley Jr. family, who have ranched the land for generations. “It feels fantastic to serve their family — folks who have invested their blood, sweat, and tears in the county. It was a privilege to represent them,” Carter said.

Read the entire article here: https://www.growthspotter.com/news/osceola-county-developments/gs-news-edgewater-west-sale-20220125-ysolvlyo45c3pbfelqt2ymjjea-story.html?utm_source=newsletter&utm_medium=email&utm_campaign=Central%20Florida%20GrowthSpotter&utm_content=1401643150263&smtrctid=#nws=true