October 5, 2015
Residential developer CBD Real Estate Investment LLC of Celebration Florida announced the acquisition of 24 acres of land located on Highway 3013 (Gall Blvd) in Zephyrhills, Pasco County Florida,
Here, CBD proposes to develop 338 garden apartments in three and four story buildings. The project will be known as “Wire Ranch.” CBD has hired Cornelison Engineering of Zephyrhills Florida to engineer and permit the development. Construction is expected to commence by the second quarter 2016.
With the unprecedented demand for rental housing, Wire Ranch will be another location where East Pasco County residents can move and live in affordable yet luxury housing. CBD has two other projects currently being permitted in Zephyrhills for rental housing. The Oaks at Pasco, which will be 224 units on the corner of Simons Road and Eiland Boulevard on the Silver Oaks Golf Course. And, Pretty Pond Estates, 168 units at the intersection of Wire Road and Pretty Pond Road adjacent to the Publix shopping center,
Wire Ranch Investors LLC, an affiliate of CBD, bought the land on September 15, 2015 from the Purvis family for $966,000 in a cash transaction.
CBD Real Estate is a Celebration based real estate investment, development and building company with additional offices in Arizona and New Jersey.