October 25, 2015
CBD Real Estate Investment LLC announces that it has entered into an agreement of sale to purchase an 82 acre orange grove located off of Campbell Drive and Dr Welch Road in Dundee, Polk County, Florida. This property is currently approved for 272 single family detached home sites, and is known as “The Estates at Vista Ridge.”
CBD will rename the property “The Groves at Lake Annie.” There are no immediate plans to change the existing approvals, and, construction is not anticipated to start on site until the fourth quarter 2016. The property is being purchased from an affiliate of Saunders Realty of Lakeland Florida for an all cash price of $1,210,000. Closing is anticipated to occur in the first quarter of 2016.
The Groves at Lake Annie LLC will be the new owner of the land and will make a significant investment in the existing grove to increase productivity while it waits for the local land values to rise. Currently the grove is at less than 50% productivity and CBD will investment roghly $100,000 to replenish trees, fertilize and insecticide the land in hopes to increase the quantity and value of the citrus.
“This is a beautiful property with easy access to HIghway 27 and all of Central Florida. The views of Lake Annie are spectacular. Eventually this property will be the home for 272 families”, said David Waronker, President of CBD. Dundee is known as the “Orange Growing Capital of World and offers some of the most beautiful land in all of Florida.
October 25, 2015
CBD Real Estate Investment LLC of Celebration Florida has entered into an agreement of sale to purchase a former 30 acre orange grove located off of Scenic Highway and Race Road in Dundee, Polk County, Florida. Here CBD plans to develop 105 single family detached home sites in a community to be named “Valencia Ranch at Dundee.”
The property was approved back in 2005 for a planned extension of the fist two phases of the existing “Vista Del Largo” project. The thirty acres is currently approved for 70 townhomes and 57 single family lots. CBD plans to amend the existing townhome approval for an additional 48 single lots.
The land is being purchased from AG Investments of Lakeland Florida for $298,000 in an all cash transaction. Closing is set for late December 2015.
October 12, 2015
CBD Real Estate Investment LLC as General Partner for its two investment companies Washington Station Investment Limited Partnership and Washington Venture Investment Limited Partnership has intervened in the proposed affordable housing plan of Washington Boro, Warren County New Jersey.
CBD seeks to include its 110 acre property off of Main Street (Highway 57) Nunn Road, and Mill Pond Road for the development of 540 three story garden style apartments, along with roughly 18 acres set aside for an expansion of the existing Washington Cemetery. For the housing, 20% of the rental units shall be set aside for affordable low and moderate income residents. This will help the Boro satisfy part of its estimated 225 affordable housing unit obligation. The housing development would be named “Washington Station.”
CBD and its affiliates have owned the land in the Boro for 20 years, and, the land is currently used for forest management. It is also leased seasonally to a local hunting club.
The company recently filed an intervention action to the Boro’s current affordable housing plan. CBD is represented by Carl Bisgaier, Esq along with planner Art Bernard and engineer Adams Rehman and Heggan. If approved the site could be under construction as soon as local, county and state permits are obtained.
October 7, 2015
CBD Real Estate Investment LLC of Celebration Florida has acquired 44 acres of land off of Berkley Road and Pearce Road in Auburndale, Polk County Florida,
Here, CBD proposes to build 190 single family detached home sites. The project will be known as “Berkley 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
Berkley Ranch Investors LLC, an affiliate of CBD, bought the land in two separate transactions. 19.7 acres were purchased from SONANSTINE TRUST on September 4, 2015 for $325,215.00. The remaining 23.6 acres were purchases from B @ F Central Florida Citrus LLC on September 11, 2015 for $375,000.00. Both were cash transactions.
CBD Real Estate Investment LLC is a Celebration based real estate investment, development and building company with additional offices in Arizona and New Jersey.
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.
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.
August 1, 2015
CBD Real Estate Investment LLC announced today that it has received final annexation along with zoning board approval from the City of Zephyrhills to develop ten acres it owns at the intersection of Wire Road and Pretty Pond Road. The site has received approval for the eventual development of a 168 unit garden apartment project.
CBD bought the land from the Diocese of St Petersburg on February 8, 2015. The cash sale was concluded by CBD affiliate “Pretty Pond Investors LLC.” Since closing CBD has been working with the City Commission to rezone the low density residential property to R-4, which would allow the site to be developed for up to 14 units per acre. At the same time CBD applied for City annexation approval. Both approvals were granted in March 2015.
CBD recently entered into an agreement with Tampa based CKT Development Company to sell the multifamily apartment builder the site subject to final construction plan approval. It is anticipated that Pretty Pond will commence construction during the winter of 2016. No terms of the anticipated cash sale were announced.