AP & Affiliates has initiated, valued, acquired, repositioned, and successfully sold on a retail basis 4 major master planned communities in Florida. The mixed-use assets included single-family, multifamily, commercial, retail, utility systems, cable companies, residential home-building companies, retail brokerage entities, and specialty real estate assets such as airports and environmental mitigation projects.
This fully integrated 480-acre project for 300 homes included acquisition of multiple parcels that were unimproved and unentitled in an environmentally sensitive area. The company designed and built all major infrastructure, including a water utility and golf course/clubhouse, recreation facility. The project was built on time and on budget and was 33% presold.
This was originally a 30,000-acre project conceived by Cornelius Vanderbilt and then acquired by a marketing intensive developer. Assets purchased included several thousand finished lots, over a thousand unfinished lots and commercial tracts, three golf courses, a 2000-customer water/sewer utility, airport, and miscellaneous other assets. The venture settled a $1.2 billion class action lawsuit against the multinational bank holding company owner and implemented a more rational Business Plan.
An affiliated venture acquired an active adult community of about 200 manufactured home sites, a golf course and amenity package, and an operating water/sewer utility. The venture subsequently built a second golf course and completed infrastructure for an additional 300 homes. The entity designed and built single-family homes with a peak production of about 60 homes/year.