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

July 9, 2014

Celebration Florida

CBD Real Estate Investment LLC announces plan to develop four new housing projects to Haines City.

David Waronker, President of CBD, announced today that its Celebration based real estate investment and development company has purchased four properties in the City where is plans to construct over 3000 housing units and over 70,000 feet of retail and office space.

Bonnies Landing, 78 acres located at the intersection of 30th Street and Robinson Road, currently is approved for 248 single family home sites. CBD is making application for a large scale rental community of 1128 apartment units in three story building. The community with have walking trails, two community centers, two pools, tennis and bocce ball courts, dog park, car cleaning center and both an adult and family club house. CBD estimates that the $101 million project could start construction as early as the first quarter of 2015.

Liberty Bluff, 19 acres and located off of Hinson Road, near the intersection of Power Line Road, is proposed to be a gated medium density market rate rental housing community of 248 units. The three story buildings will have one to four three bedrooms, covered parking, and be developed in a traditional neighborhood setting. The complex will have common area features including a pool, clubhouse, kiddie park, dog park, car cleaning center, laundry facility, along with other active onsite recreational communities. CBD expects this project to be ready for $22.9 million project to be ready for construction by the fourth quarter 2014.

Bella Dane Estates, 39 acres located one mile west of Power Line Road on the south side of Johnson Road, will eventually be known as the “Gateway to Haines City.” This location shows on the County and City master plans as being the future main entrance into the City. State and County officials propose a super highway extension of the Polk County Parkway, eventually connecting the Parkway to Interstate 4. Johnson Road will have a major interchange on Johnson Road, and, Bella Dane will be built within 900 feet of this interchange. Along with over 70,000 feet or retail and office space, Bella Dane proposes to have 428 total for sale and rental housing, a mixture of single, town homes and condominium garden apartments. The community is being designed for single active adults, young urban professionals with middle to upper incomes. CBD has not announced any estimated project costs, and does not expect to construct this site until 2016.

CBD is also in discussion with its partners to develop yet a fourth rental community located on 68 acres it already owns near Grace Road and 30th Street. Here, CBD proposes another high density rental community geared towards a more affluent, upscale market. CBD is preparing a market study to determine the highest and best use for the land.

“We see a tremendous increase demand nationally, regionally, and most specifically locally for affordable market rate for sale and rental housing. We recognize that although unemployment is slowly decreasing, so have the pocket books for the vast majority of those looking for new housing. There is no secret that those looking for housing have less to spend, but want now more than ever the best value for their hard earned dollars”, says Waronker. He further states that the housing market is different than it was at the bottom of the

recession. “Before, the demand for housing was based on need. You just had to have a place to live, you needed shelter. Today, it is need accompanied by desire. And that creates a market which scrutinizes product, location and most importantly price.”

When asked about the large number of units proposed by his company for this Polk County City, Waronker first explains that CBD must still receive all local, county and state zoning planning approvals for each of the projects but once approved all projects will be highly desirable communities with tremendous demand for quality of life
each community shall provide its future residents. He says “For nine months CBD has been in informal discussions with Haines City officials about its various proposed projects and will continue to work closely with the City to make sure that each project is properly planned and developed for not just the future residents, but most importantly for the current residents of the City and the County. I can tell by my meetings with the City that they care a great deal about its current residents, stresses on the city infrastructure including schools and roads. The City demands and deserves a strong say in how each project eventually will be developed and constructed. We respect, appreciate and will follow the direction of all City officials.”

CBD Real Estate Investment is a real estate investment and development company with offices in Celebration Florida, Mount Laurel New Jersey and Scottsdale Arizona.

David Waronker
CBD REAL ESTATE INVESTMENT LLC

July 1, 2012
Mount Laurel, New Jersey

CBD Real Estate Investment LLC, a Florida based real estate development, investment, and building company, today opened its new offices in Mount Laurel, NJ.

CBD opened its NJ office at Atrium Executive Center, 3000 Atrium Way, Suite 230, Mount Laurel, New Jersey 08054, phone: 856-793-2020; fax: 856-793-2023. The office will be open during normal business hours and will be the location where the company headquarters investment administration and market research divisions.

CBD has been extremely active in acquiring distressed residential building lots and land throughout the United States, with recent significant purchases in Arizona, Texas, California, Nevada, Florida and Arkansas.

The 26 year old company continues to expand its holdings and plans to invest over $22 million in real estate acquisitions in 2013.

David Waronker
CBD REAL ESTATE INVESTMENT LLC
President