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.
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