THE COTTAGES AT SILVER OAKS being developed for High Density Housing
August 2, 2015
CBD Real Estate Investment LLC has been in serious discussions with teh City of Zephyrhills to redevelop land it has owned for over ten years.
On December 13, 2004, final zoning approval was received for this site which allowed this 130 acre property, along with another 30 acres CBD owns adjoining this site and to the west (Golf View Cottages at Silver Oaks) to be developed for 424 single family detached building lots. The property was purchased by CBD in December of 2002 from two individuals, Frank Carduillo and Herman Heinlein.
in 2005 the land was sold to Tampa developers Fred and Carl Streck of Priority Developers Inc. Priority was to the develop the lots and sell them to Lennar Homes. In 2007 the deal collapsed as the Country was headed to a deep recession.
The property which is located off of Simons Road and Eiland Boulevard in the booming western edge of Pasco County was recently annexed into the City of Zephyrhills. David Waronker, President of CBD, recently met with City officials to discuss amending the zoning and site plan for a high density residential development. Waronker submitted plans for 1920 apartment units, proposing a development of garden style apartments consistent with density of 14 homes per acre.. This site would be developed under the Cities plans for a traditional neighborhood development (TND) and would significant site improvements including parks, walking trails, conservation areas, pools, tennis and bocce court, bike trails, and a large community clubhouse.
More recently, Waronker has been working with its engineer Craig Cornelison on a revised mixed use project of small lot single family homes, duplex lots, town homes, along with garden apartments. This current plan will encompass approximately 1320 total units. Although the developer still plans access to the site from Simons Road, a second main access is being analyzed off of Dean Dairy Road. Dean Dairy Road, currently a substandard county road, does have a lighted intersection at Eiland Boulevard. This would allow for a much more direct access to the site.
Waronker will be meeting with City officials over the next several months to perfect a plan which is suitable to both developer and the City. This is an exciting project which would create quite a positive spin for the City and for all of East Pasco County.
CBD Real Estate Investment LLC 