Size: | 1,500 Acres |
Units: | 2,600 Residential Units |
280,000 square feet of commercial | |
12.5 Acre Resort Style Amenity Center | |
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Buyer: | National Development Group |
Seller: | Produce Farmer/Land Investor |
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Notes: | The Property was used by the Seller as a recreational property. The Seller received entitlements for a Development of Regional Impact. They had the property under contract to another development group who couldn't perform. They needed help procuring a new qualified buyer, maintaining existing entitlements and pursuing new entitlements that would grandfather them into a favorable situation with the Water Management District. The grandfathering permits netted them an additional $10,000,000. |
