March 28, 2015
CBD Real Estate Investment LLC has entered into an agreement of sale to purchase 23 acres of land located in North Zephyrhills off of Gall Road. This property, known as the Wheeler Farm, will soon be called “Wire Ranch” and the eventual location of 332 new home sites.
CBD is buying the land from descendants of the Wheeler Family and their family members the Purvis’s. The $1.175 million cash sale is expected to close in September 2015. CBD affiliate “Wire Ranch Investors LLC will be the buyer and developer of the property.
This property is located behind and to the north of the new Publix Shopping Center, and, behind Wire Road and the proposed Zephyr Ridge single family home site. The land will have direct access to Gall Boulevard and secondary access to Dairy Road. CBD is currently designing the site for what appears to be an upscale residential rental community with private amenities including a pool, clubhouse, walking and biking trails, dog park, tennis and bocce ball courts and a state of the art fitness center.
It is anticipated that this project will commence construction in the Spring of 2016. For more information on this property, please visit http://www.gocbd.com.