Updated July 2020
Neal Land sold 268 acres of land to Kolter Land Acquisitions, LLC for $6,976,040. Kolter Land Acquisitions will be developing the property for at least two national homebuilders and home sites on the parcel, which is zoned for residential use and approved for 562 single-family homes, are estimated to go on sale in the first quarter of 2018.
Neal Land acquired and entitled the property. The full-service land acquisition, entitlement, and development firm is also financing the second and third phases of the development.
“Neal Land sets itself apart by establishing a professional and responsive working relationship with clients and highlighting the terms of the deal from the beginning,” said John Neal, president of Neal Land. “Our team also quickly processes plans for future designs, allowing them to be reviewed, approved and permitted in a timely, cost-effective manner.”
The new single-family homes will be constructed in Northeast Manatee County, south of Moccasin Wallow Road and west of U.S. 301, where momentum is building in the housing market.
The site is in a prime location. It’s just a few miles south of the Hillsborough County line to the north, and not far from where Amazon built its 1.1-million-square-foot fulfillment center in Ruskin in Sept. 2014. The online retail giant now employs more than 2,500 people in the area.
To the south, the soon-to-be-opened Fort Hamer Bridge will connect Fort Hamer Road and Upper Manatee River Road to Lakewood Ranch Boulevard, linking U.S. 301 and University Parkway. This means homeowners won’t have to drive as far to popular shopping centers or jobs in the Lakewood Ranch area.
This announcement comes after the news of another nearby sale of 455 acres that is adjacent to the up-and-coming North River Ranch master-planned development located in the northwest quadrant of the Moccasin Wallow Road and U.S. 301 intersection. Reeder Acquisition Partners, LP will develop the 1,100-unit project for DR Horton, expected to open in the first quarter of 2018.
Courtesy of Neal Land & Neighborhoods
Neal Land & Neighborhoods is a Manatee and Sarasota, Florida-based master-planned community development organization led by John A. Neal. The company incorporates smart master-planning to create the next level of elite community living in Southwest Florida. By working with carefully selected new home builders, Neal Land & Neighborhoods aims to establish thriving, sustainable, livable, and ecologically sensitive communities throughout Manatee, Sarasota, and Hillsborough counties. Neal Land & Neighborhoods currently owns or controls several thousand acres of land entitled for more than 9,000 future residential homes and the supporting mixed-use commercial and retail.