CBD announces purchase of 30 acre property in Dundee

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.

 

CBD Intervenes in Washington Boro Affordable Housing Case

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.

Berkley Ranch

Press Release

BERKLEY RANCH

October 7, 2015

Celebration Florida

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.

 

Wire Ranch

Press Release

WIRE RANCH

October 5, 2015

Celebration Florida

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.

 

 

CBD announces Wire Ranch – Zephyrhills, Pasco County Florida

Celebration Florida

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.

Pretty Pond Apartments receive zoning approval

Celebration Florida

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.

Oaks at Pasco – Coming soon, 224 apartments in Zephyrhills

Celebration Florida

August 5, 2015

CBD Real Estate, a Celebration based real estate investment development and building company, has partnered with Nemo Credit Corporation of Annapolis Maryland to develop 224 garden style apartments in the East Pasco County City of Zephyrhills.  The 22 acre property, located off of Eiland Blvd and Simons Road, has frontage on the Silver Oaks Golf Course.

CBD and Nemo have been working with the City of Zephyrhills to modify the current site plan approval from 200 town homes to luxury garden style rental apartments.  the buildings will be three stories in size, have one, two and three bedroom units.  THe development will boast a pool, tennis court, clubhouse, athletic center, and other active and passive amenities for the sole use of the future tenants.  In addition, the community will have discounted membership available to the neighboring Silver Oaks Golf Course, along with golf cart trails connecting the course the rental community.

This project is currently under agreement of sale to Tampa based CKT Development Company.  CKT will soon be in design stage and expects to close title and commence construction by the first quarter 2016.