TAMPA, Fla., Sept. 27, 2018 /PRNewswire/ -- Landeavor, LLC, and affiliates of Walton Street Capital, L.L.C. (Walton Street) announce the purchase of Oakland Park, a 258-acre, traditional neighborhood development (TND) masterplan located on the border of Winter Garden, FL, and Oakland, FL.
The purchase marks Landeavor's third acquisition in the state of Florida as it continues its second decade of expansion thru acquisition of land in high-growth sunbelt states.
"Oakland Park is an exciting investment for us and our partners at Walton Street," said Mr. Adam Lorry, Managing Principal of Landeavor. "It's an iconic community with distinctive architecture, nearly a mile of frontage on Lake Apopka and onsite access to the West Orange Trail, providing a short walk or bike ride to the City of Winter Garden and the Town of Oakland. Plus, with easy access to the Florida Turnpike, it's a short commute into downtown Orlando and numerous job centers."
Oakland Park is also a certified green development by the Florida Green Building Coalition and every home within the community is built to FGBC green standards. With nearly a mile of protected shoreline along Lake Apopka, nature and preservation are important standards for the community. Trails, the community garden and parks and tree hammocks ensure at many elements of the unique Central Florida landscape are preserved.
More than 300 homes have been completed in Oakland Park. The Landeavor and Walton Street entity acquired the remaining unsold vacant developed lots, undeveloped parcels, a commercially-zoned parcel and the community's HOA amenity and common space.
Landeavor intends to expand the housing available within the community by immediately developing more homesites and expanding inventory.
"New home inventory in the immediate area is very scarce. We plan to immediately commence development of additional lots in order to ease the inventory pressure on our builder partners," Mr. Lorry said.
Oakland Park home builders include David Weekley Homes, Dream Finders Homes, and a team of custom builders including J&J Building, RCB Homes, Vintage Estate Homes, Campbell Custom Homes and Wallace Design Build.
Landeavor, LLC is a residential real estate development company with offices in Atlanta, Charlotte, Houston, Orlando, Raleigh, NC, and Tampa. The company specializes in the development of residential communities as principal developers or through management engagements for 3rd party owners. Through Landeavor's diverse capital relationships, Landeavor is uniquely positioned to invest in or develop a variety of planned communities of any size or stage of development. Landeavor's communities span across the Southeast and Texas, including MillBridge, recently named Charlotte's 2017 Community of the Year. For more information, visit: www.landeavor.com.
About Florida Green Build Coalition:
Please visit www.floridagreenbuilding.org.
Annie Kilby Senior Vice
(813) 961-7275 x304
SOURCE Landeavor, LLC