CBD Real Estate Investment LLC plans to develop 558 new residential rental homes in Zephyrhills, Florida

July 21, 2014
Celebration Florida

CBD Real Estate Investment LLC plans to develop 558 new residential rental homes in Zephyrhills.

The Avoca Club will be developed on 30 acres located off of Hwy 301 and Phelps Road. The gated community located just north of Phelps Road will have 402 luxury one, two and three bedroom units in three story buildings. The community will boast a state of the art clubhouse with game room, exercise and yoga center, a family pool, an adult pool, theater and computer room, tennis and bocce ball courts, Dog Park and a car care center. There will be a jogging and walking trail along the perimeter of the property. There will be covered parking available for full time tenants. Rents are expected to be $525 to $1375. The $49.2 million project should be ready for construction by the second quarter, 2015. CBD is buying the land from Wareco Inc.

The Ridge at Pretty Pond will be developed on 12 acres located in the northwest corner of Pretty Pond and Wire Roads. Here, CBD proposes 156 rental home sites. Like the Avoca Club, these one, two and three bedroom homes will be built in three story buildings. Garage units are also available. The gated community will have a pool, clubhouse, business center, theater room, two parks and a walking trail. Rents are expected range from $595 to $1375. This $14.6 million project is scheduled to commence construction by the third quarter 2015.

“As our economy slowly recovers from the peak of the recession, today’s renters are shopping for homes with more caution than ever before. Most are shopping with reduced annual income. More than ever they demand more quality, services, and amenities for their hard earned dollars” says CBD President David Waronker. “Our two projects propose spacious living spaces, top rated and high efficiency home sites and state of the art community amenities. The added value created by living in a modern, safe community where your neighbors are your family is what we propose for each of our communities” he continues.

Both the Avoca Club and The Ridge at Pretty Pond are currently being reviewed by the Haines City Planning and Zoning Departments. Both projects are being designed and engineered by Craig Cornelison of Cornelison Engineering & Design, Inc. Both projects are subject to the review of all local, county and state governing approval agencies. “We appreciate the constructive comments and direction of City Officials as we plan each of our projects. The City officials including Todd Vandenberg are working with us to develop projects that meet the needs of its current residents, as well as the future residents of the Avoca and Pretty Pond sites” says Waronker.

CBD Real Estate Investment LLC, with offices in Celebration FL, Mount Laurel NJ and Scottsdale Arizona, is not new to Zephyrhills, having developed multiple projects totaling over 1300 housing units in the City since 1998. Victory Terrace, Hilltop, Greens at Hidden Creek, Links at Silver Oaks, Cottages at Silver Oaks, Court Street and Chasey Lane are all prior CBD communities located in Zephyrhills. For more information on CBD visit its website at http://www.gocbd.com.

David Waronker
Celebration, Florida

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