Central Florida developers paid big bucks for land in 2022 | Orlando Sentinel
**When Orlando Sentinel/GrowthSpotter wrote an article about the largest real estate deals in Central Florida for 2022, Maury L. Carter & Associates, Inc. took up a prominent portion of the story. Maury L. Carter & Associates, Inc. handled 3 of the 8 transactions highlighted in the article, please see below.**
By Laura Kinsler | Orlando Sentinel | Dec 31, 2022 at 8:00 am
Developers and homebuilders paid top dollar for vacant land in Central Florida, where the two priciest sales were scooped up for future distribution centers.
Connecticut-based investment firm Westport Capital Partners, financing partner for BTI Partners, paid $28 million in late October for land on the southwest shore of Osceola County’s Lake Tohopekaliga with entitlements for 2,644 residential units as part of the county’s South Lake Toho mixed-use district.
Richland Communities paid $24.8 million in January for 550 acres in Mount Dora’s Wolf Branch Innovation District, which has an approved master plan that entitles the PUD for a mix of uses, including industrial and warehousing, multifamily residential, medical office and commercial. It even reserves 20 acres for a college campus.
The largest tracts include the about 298-acre site known as Summer Lake-Grace Groves, south of State Road 46, which sold for $10.57 million, and the 215-acre Sorrento LLC site, north of S.R. 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.”
Tampa-based Eisenhower Property Group (EPG) purchased 735-acre Little Everglades Farm in Groveland on May 3 for $20.2 million, with preliminary plans to build a Village concept on the property.
Read entire article here: https://www.orlandosentinel.com/business/real-estate/os-bz-gs-top-central-florida-land-sales-of-2022-20221231-43vn5rzpfbddhndntionsbzuse-story.html