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| Roger Soderstrom |
Ormond Beach, FL --- The
developer who worked several years to bring the Hunter’s Ridge project in
Ormond Beach into wide-ranging DRI compliance, including deeding 1,978 acres to
Flagler County for a regional park earlier this year, has announced that the
entire development is for sale in bulk for $30 million.
Hunter’s Ridge recently received approval to
establish a CDD (Community Development District) which will allow the new owner
to sell bonds for future infrastructure development.
Developer Allan Feker of U.S. Capital Alliance
said the prominently located project – three miles west of I-95 on Granada Blvd
(SR 40) – has all major infrastructure in place and is ready for immediate
development.
“The regional park land
deeded to Flagler County for conservation will have traditional park facilities
and hiking, biking and equestrian trails, an important amenity and buffer to
the west of the Hunter’s Ridge residents,” he said.
John Kurtz and Roger Soderstrom, Jr., commercial investment specialists for Premier
Sotheby’s International Realty who are representing the property, said they
have launched their marketing campaign for the 1,450 remaining acres of
Hunter’s Ridge which is approved for over 1,800 residences and 600,000 square
feet of retail and commercial space.
Straddling the
Flagler-Volusia county line, the Hunter’s Ridge property includes approximately
1,000 finished homes with an established, active homeowners association.
More than 1,800 more homes are to be built by
homebuilders, many who have submitted letters of intent to purchase sites. The community offers a variety of residence
types from attached villas to estate homes priced from the low $200s to nearly
$1 million.
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| John Kurtz |
“There is a huge amount of
development taking place along the I-95 corridor north of Daytona Beach,” Kurtz
said. “In particular, Hunter’s Ridge is directly north across SR 40 from the
widely lauded 6,900-home Margaritaville active adult community.”
Included in the
$30,000,000 Hunter’s Ridge bulk sale is a $5,000,000 town center with grocery
and drug stores, bank, shops, restaurants, assisted living, medical and
professional offices planned.
The
concept also includes multiple walking trails between amenities, neighborhoods,
town center and the regional park. It’s
all just a short distance to the major retailers, restaurants and entertainment
of Ormond Beach, Daytona’s International Speedway Blvd. and the world’s most
famous beach.
“This adds tremendous
value to not only one’s lifestyle and home at Hunter’s Ridge but to the new
owner/developer of this master planned community which will soon be one of the
area’s most sought after places to live, work and play,” Soderstrom said.
For more information on this news release, please
contact:
Larry Vershel or Beth
Payan, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com
.
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