District at Abbott’s Square

The District at Abbott’s Square is a planned master development of proposed single family detached townhomes, duplex homes and apartments located off of Simons Road in Zephyrhills, Pasco County, Florida.

This 160 acre parcel is mostly farmland, with approximately 40 acres of wetlands and natural water features which will be retained post construction.  The land is currently under agricultural assessment and is being farmed for hay and also cattle grazing.  The land is a combination of multiple properties under two separate ownership groups all managed and owned by CBD Real Estate Investment LLC of Celebration Florida.

The property was originally approved for 424 single family detached homes.  However, CBD and its partners have arranged to amend the approvals for a high density mixed use development of single family detached & attached townhomes, duplex homes, as well as three story garden style rental apartments.  There also will be a small neighborhood commercial section with 12000 feet of retail shops.

This property will have zoning and site plan approvals for approximately 1277 housing units plus the retail component.  CBD will entertain offers for this site in the $11 million price range.  CBD will also consider selling in sections, seller financing to qualified buyers and reasonable joint venture opportunities with experienced builders and developers.

Attached you will find the current proposed site plan, along with other maps and photos of the property.

For more information on the District at Abbott’s Square,  please contact David Waronker at dw@gocbd.com.

CBD to buy Estates at Vista Ridge in Dundee, Florida

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.

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.