Author Archives: Kristin Fortier

Massive $166.5 million land deal closes in Lake County’s Wellness Way region | Orlando Business Journal

By Steven Ryzewski – Associate Managing Editor, Orlando Business Journal | Sep 27, 2024 | Updated Sep 28, 2024 9:16am EDT

 

A massive — and perhaps historic — land deal has closed in the Wellness Way area of Lake County.

 

GT Homes Wellness Way II LP — an entity related to GT USA, a Fort Lauderdale-based partnership between Canadian homebuilders Greenpark Group and Treasure Hill — closed Sept. 27 on an assemblage of more than 2,400 acres for a sales price of $166.5 million, Orlando Business Journal has learned.

 

Land brokers Daryl Carter and Conrad Carter of Orlando-based Maury L. Carter and Associates Inc. told Orlando Business Journal they partnered with Tony Roper and Jimmy Roper of Roper Real Estate to represent the sellers — a group that included Arnold Groves & Ranch Ltd. and trusts related to the Roper family — in the transaction.

 

Jim Dowd of Celebration-based Dowd Properties Inc. represented the buyers.

 

A deed has not posted yet to Lake County records. In a statement, Daryl Carter indicated the transaction may be the largest in Central Florida’s history.

 

Read entire article here: https://www.bizjournals.com/orlando/news/2024/09/27/massive-land-deal-wellness-way-lake-county-roper.html

 

Park Square Homes set to join Unicorp’s Sutton Lakes project near Four Corners | GrowthSpotter

By TYLER WILLIAMS | tywilliams@growthspotter.com | GrowthSpotter | PUBLISHED: July 19, 2024 at 4:15 p.m.

A prominent Orlando-based developer behind popular developments such as O-Town West and Icon Park hopes to break ground at the beginning of next year on a project that will ultimately deliver 807 housing units to the rapidly growing Four Corners area.

Unicorp National Developments has plans for a pair of adjacent PDs on a total of 167.8 acres at 14545 Avalon Rd. The vast majority of that land consists of the 154-acre Sutton Lakes PD on property owned by Westgate Resorts. The development plan for Sutton Lakes calls for 304 apartments built over six buildings, along with 155 single-family homes, 98 townhomes, and 20,000 square feet of commercial space.

Unicorp also wants to partner with mall owner Bancorp to redevelop the aging Fashion Square Mall at 3201 E Colonial Dr. Unicorp and investor/broker Daryl Carter bought the 46-acre mall property in 2019 for $23 million.

Read the entire article here: https://www.growthspotter.com/2024/07/19/park-square-homes-set-to-join-unicorps-sutton-lakes-project-near-four-corners/?clearUserState=true