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| Steve Costa |
DeBary, FL. ---
NAI Realvest / Charles Wayne Commercial recently closed on the $10.5 Million
sale of just under 300 acres on Fort Florida and Barwick Roads in DeBary.
A new 700-unit community called Rivington
is planned by the buyer Reader Communities of Orlando and Raleigh , N.C.
Steve Costa, principal
at NAI Realvest/Charles Wayne Commercial represented the seller, Empire
Cattle, Ltd.,a third generation, family-owned ranching and citrus operator with
land holdings in Putnam and Volusia Counties including development parcels in
DeBary and Lake Helen .
Costa said this new home community will be
unique to DeBary and is across the highway from The Junction, the 68-acre
Charles Wayne mixed use development that includes Bungalow Homes and Apartments underway plus 104,000 square feet of retail space
with a major grocery store.
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| Jeff Reader |
Homes will range from 1,500+ square foot
townhomes to single-family homes which will top out around 3,000 square feet,
according to Jeff Reader, vice president at Reader
Communities.
The master planned community developer
markets and sells developed homesites to national homebuilders.
Rivington will be developed in several phases of 100–200 lots at a time, and Reader expects homes will be priced from the low $200s to the high $300s.
Rivington will be developed in several phases of 100–200 lots at a time, and Reader expects homes will be priced from the low $200s to the high $300s.
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| Aerial view of planned Rivington Community in DeBary, FL |
“This parcel is ideally situated for a new
neighborhood development located just over the St. Johns River from the
Lake Mary/Sanford employment centers via easy access to 17-92 and
Interstate 4,” said Costa.
Rivington is a walkable transit oriented
development, immediately adjacent to DeBary’s TOD and it is less than a
quarter mile west of the DeBary SunRail station. The convenience to major
arterial highways provides its residents with everything Orlando and Central
Florida offers.
CONTACTS:
Steve Costa, Principal, NAI Realvest / Charles Wayne Commercial,
386-804-7259 scosta@realvest.com or
Ted
Lightman, Principal, Charles Wayne Commercial
(386-238-3600) tlightman@charleswayne.com
Will Boyd, Yellow Duck Marketing
704-271-9574, will@yellowduckmarketing.com
Patrick Mahoney, President/CEO, NAI Realvest,
407-875-9989 Pmahoney@realvest.com
Beth Payan, Larry Vershel Communications Inc.
407-644-4142
or 461-3781 beth@LarryVershel.com
