The Ranches at Lake McLeod
The “Ranches at Lake McLeod” is a 288-acre development located on the north and south side of Bomber Road in the City of Eagle Lake, Polk County Florida.
The site is permitted for 1160 single family detached building lots along with 17,700 feet of retail commercial space. The site completed its permitting in August 2021 and the property has been sold to Lennar Homes. Lennar is expected to close title at the end of the third quarter 2021 for an undisclosed sales price.
CBD announced the acquisition and planning on a new 18.18 acre property located off of Hinson Road in Haines City, Polk County, Florida. Here CBD is seeking approvals for 81 single family detached homes. The property is currently going through permitting with an expected permit completion date by the fourth quarter 2020. CBD has entered into an agreement of sale with Hanover Homes to sell Hanover the permitted, shovel ready property for an undisclosed sales price. Closing is expected by the fourth quarter 2021.
CBD announced the acquisition of another 20 acre property located off of Robinson Road in Haines City, Polk County Florida. The acquisition was concluded in April 2021 for an undisclosed sales price. CBD is seeking approval for 74 single family homes. The property is expected to be permitted by the third quarter 2022. The development is under agreement of sale to Richmond American Homes for an undisclosed sales price. Title closing is expected to occur by the fourth quarter 2022.
CBD has announced the joint venture co development of a 373 acre property located in the unincorporated section of Bartow, Polk County, Florida. The Joint Venture development agreement was executed in February 2021. Here CBD is in the early stages of the permitting of a large master planned community of over 1120 single family lots. The permitting is expected to take two years and the property is expected to be brought to market by the end of 2022 or early 2023. No terms of the Joint Venture have been disclosed.
CBD has entered into an agreement of sale to purchase 40 acre of land for the planned approval of 156 single family homes. The property is being purchased from two sellers. The land is located in the southwest corner of Sunset Road and Buck Moore Road in Lake Wales, Polk County Florida. The development is named in the memory of Robin Mainardi, a young NJ woman who lost her life in February 2021. The site is expected to be permitted by the end of the first quarter 2022
CBD has acquired a ten acre property where is plans 33 single family homes. The property is located off of Grant Avenue in Lake Wales, Polk County Florida. The property was acquired in March 2021 for an undisclosed price. Permitting is ongoing and the site is expected to be ready for construction by the first quarter 2022. Like Robins Run, Robins Walk was named in memory of Robin Mainardi…..may she rest in peace.
The Groves at Hunt Club
CBD announces the acquisition of over 160 acres of land located between 11th Street and Hunt Brothers Road south of State Highway 60 and north of Port Salter Road in Lake Wales, Polk County Florida. There are three sellers and all agreements of sale were signed in July 2021. The property is going through a partial annexation and rezoning to allow 159 town homes along with 448 single family lots. Permitting should conclude by the third quarter of 2022.
In September 2018, CBD and its investors entered into an agreement of sale to purchase 30 acres of agricultural land located off of State Highway 301 and just north of Phelps Road, in Zephyrhills, Florida. CBD formed an investment group known as “Trotters Crossing Investors, LLC” to raise necessary capital to acquire and develop this property into 91 single family lots. The lots shall be between 50 to 60 feet in frontage, with a minimum 110 feet of depth. The land is being developed in a “cluster” design, which allows 10 acres of the property to remain in its current undeveloped state. This property is anticipated to be ready for development by the end of the first quarter 2020.
This property is located at 1110 Chews Landing Road in Gloucester Township, Camden County, NJ. The site was originally considered for a proposed 204 rental units; however, CBD is attempting to work with Gloucester township to create a more palatable development plan. One of the plans is to develop half of the property, 80 units, as for sale townhomes, and develop the remaining land for approximately 24,000 square feet of retail space. The site plan below shows the site plan for this proposal. For information regarding Little Pond, please contact David Waronker at email@example.com.
CBD and its investors, known as Pretty Pond Investors, LLC, entered into an agreement of sale to purchase 12 acres of land at the intersection of Wire Road and Pretty Pond Road in Zephyrhills, Florida on March 15, 2015. The property was purchased from Diocese Of St Petersburg. The property is currently going through zoning and site plan approval for 211 rental apartment units, and is anticipated to be ready for development by the fourth quarter of 2019.
Landings at Lake Mabel Loop
CBD announces the acquisition of a 61 acre property located off of Lake Mabel Loop Road in Dundee, Polk County, Florida. Here CBD is going through permitting of the property for what it expects to be a development of 229 single family detached homes. Permitting is expected to be completed by the second quarter of 2022. CBD entered into an agreement of sale with KB Homes to sell the entire site once fully permitted. No acquisition or sales price was disclosed.