Levitt paid Avalon South Village LLC $11 million or $24,176 per acre (56 cents per sf) for 455 gross acres in Avalon Park on South Alafaya Trail in east Orange County.
Ground-breaking is expected before year end. "It could even be earlier than that," Patrick Chisholm of Maury L. Carter & Associates Inc., Orlando, tells GlobeSt.com. Chisholm and Jim Dowd of Dowd Properties Inc. brokered the land sale.
In a separate transaction, Chester C. Fosgate Co. of Winter Park sold 51 acres of its Skytop property in Clermont, FL, Lake County, to Centex Homes Inc. for $771,315 cash or $15,124 per acre (35 cents per sf). The sale was the third phase of three-phase purchase.
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