June 18, 2012
Haines City, Florida
CBD Real Estate Investment LLC, a Central Florida based real estate investment and development company, announced that it concluded the acquisition of Bonnies Landing a 78 acre residential development site located in Haines City Florida.
Under the CBD affiliate CBD at Bonnies Landing LLC, CBD and its investors acquired the bank owned property located on 30th Street, between Roe Road and Robinson Road, just across from Haines City High School. The property is approved and partially improved for 247 single family detached home sites. The land adjoins other acreage owned by CBD, specifically its 212 development site known as Liberty Bluff. Together with Liberty Bluff, CBD plans on commencing construction of a combined 448 single family entry level homes by the third quarter of 2013.
Bonnies Landing was previously owned by Michigan based Tollefson Development. According to Polk County records, Tolleffson paid $1.919 million for the land in February 2006, but, due to the recession lost the land in 2010 to its lender Bay Street Holdings LLC of Chicago.
CBD Real Estate continues to expand rapidly during the down economy, this being its seventh large purchase in Florida during 2012. CBD owns land in 42 states and has offices in New Jersey, Arizona as well as Celebration, Florida.
CBD REAL ESTATE INVESTMENT LLC