Celebration, FL, May 27, 2015:
At its May 2015 Commission meeting The Haines City Planning Commission approved a rezoning and annexation request of Celebration Florida based CBD Real Estate Investment LLC. The new zoning will allow CBD to move forward with plans to develop and construct a new residential rental community.

Pretty Pond Estates will be the location of 168 one, two and three bedroom apartments located on 12 acres at the intersection of Pretty Pond and Wire Roads.

Pretty Pond will be a market rate luxury rental community with rents ranging from $725 to $1425 per month. The apartment site is located just north of Florida Hospital, and east of the new Publix shopping Center on Gall Blvd. Construction is expected to commence in the fourth quarter 2015.

According to David Waronker, President of CBD Real Estate, the project will fill a void created by a strong demand for quality affordable rental apartments in East Pasco County. “Our market study concludes that East Pasco, specifically Zephyrhills, demands over 1000 new rental units per year. Currently there are no new rental projects proposed in the City”.

CBD is no stranger to Zephyrhills. Since 1998 CBD has developed twelve housing communities in the City. In addition to Pretty Pond, CBD plans to develop sites which could provide the City with over 2500 more rental apartments.

Wire Ranch is currently in design phase and will be located on 24 acres just north of Pretty Pond off of Gall Boulevard. Wire Ranch is expected to have 320 apartments. The Oaks at Pasco, adjoining the Silver Oaks Golf Course north of Eiland Blvd on Simons Road, is proposed for 226 apartments all with Golf Course views. The Cottages of Silver Oaks, located on Simons Road near the intersection of Fort King Road, is currently in preliminary planning stages on land currently approved for 420 single family lots. If approved, this 160 acre property could have over 1920 garden style apartments, duplex and townhome lots.

“East Pasco County is ripe for development and is in the immediate path of progress. With the rapid expansion of Florida Hospital, private healthcare services, retail, and an expanding highway infrastructure, Pretty Pond as well as well as our other planned communities will be very well received by this underserved rental market”, continues Waronker.

Celebration, FL
May 27, 2015:
ON May 7, 2015 the Haines City Planning Commission approved three separate zoning applications which will clear the way for the development of over 2300 rental apartment homes.

CBD Real Estate Investment LLC, a Celebration based real estate investment, development and building company, has received zoning board approval and will soon prepare engineering and architectural plans for each of the three new master planned communities.

Liberty Bluff, located on 19 acres on the south side of Hinson Road near Powerline Road, will be the location of 224 one, two and three bedroom apartments in three story buildings. The amenities include a pool, clubhouse, bocce ball court, tot lot and dog park. Construction is expected to begin in the fourth quarter 2015.

Covered Bridge at Liberty Bluff, located on 68 acres is located off of 30th Street and Robinson Road, across from the Haines City High School. There will be 960 apartments in three sections.

Bonnies Landing will adjoin Covered Bridge at Liberty Bluff to the north, and is located off of Grace Road and 30th Street. This four section community shall have 1152 apartments.

Construction of Covered Bridge at Liberty Bluff and Bonnie’s Landing are anticipated to break ground early in 2016.

According to David Waronker, President of CBD Real Estate, all three projects have been in planning since 2013. “We have been meeting with the City Planning, Zoning, and Construction departments for well over a year in order to create communities which are in the best interest of the City and the County. There was a lot of planning and thought put into these projects and we are confident that the housing to be provided will fill a void in the rental market in Central Polk County” says Waronker.

The apartments will range in size from 675 square feet up to 1425 square feet, have one, two and three bedrooms and up to three bathrooms. Rents are expected to range from $675 to $1425 per month. Currently there are no new rental communities in Haines City. According to Waronker, “There is a void in affordable, quality rental opportunities in the Haines City market. Like the rest of the country, state, and county, we expect our projects to be in high demand and with bring jobs and business to all of Central 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

July 16, 2014

Celebration FL:

CBD Real Estate Investment LLC of Celebration Florida plans to begin construction on a 550 unit residential rental apartment complex near the new Florida Polytechnic University.
The development will be known as “LONG LAKE” and is proposed to be built on a 65 acre property located along Highway 33, approximately 1.3 miles west of Interstate 4. The site was originally planned as part of the existing Bridgewater Development of Regional Impact. Long Lake adjoins the existing Landing Apartments. The new University, which opens its first class in August and eventually plans to have 20,000 full time students, is located just 2 miles east of the new development site.
Long Lake will have one, two and three bedroom units built in three story buildings with rents ranging for $575 to $1175. The community will have a large pool, clubhouse, tennis courts, a jogging/hiking trail, Dog Park, Kid’s Park, and a car cleaning center. The community will be gated, and, will have access to the lake with two proposed fishing piers. The $44 million project is expected to commence construction by the third quarter of 2015.
According to David Waronker, President of CBD Real Estate, his company contracted to purchase the land two months ago and has already had its pre-application meeting with the City Planning Department to discuss its planned use of the property. “We are drawn to the site due to its close proximity to major highways, shopping, medical facilities and hospitals, as well as schools. Of course the largest draw for us is the future expansion of the new University accompanied by their immediate demand for student and faculty housing” said Waronker. “We expect most of our tenants to be from the immediate Polk County market, those that are either transitioning down from a larger home or are starting out and not yet ready to take on the demands of full home ownership” he said.
With the close proximity to Interstate 4, the Lakeland Center and easy commutes to Orlando and Tampa, Long Lake is expected to be a very well received housing opportunity. Waronker further states “The economy is slowly recovering. So many people are concerned about home ownership and wish to take a cautious approach on their housing needs and expenses. They rightfully demand a lot more quality for their money although the great majority of home buyers and renters are shopping with the effects of a recession caused drop in income. Long Lake will provide an incredible housing opportunity and value for our eventual tenants.”
Along with Celebration Florida, CBD Real Estate Investment LLC has offices in Mount Laurel NJ and Scottsdale Arizona. CBD has developed multiple single family home communities in Polk, Pasco and Osceola Counties. CBD has developed 14 single and multi-family home communities in Polk and Osceola Counties.

David Waronker
CBD Real Estate Investment LLC