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ABD Pays $31M For Mixed-Use Land in Polk County

ORLANDO-Locally based ABD Development Co. pays Oak Hill Estates Partnership $13,778 per acre, or about 32 cents per sf, for 2,250 acres where 4,860 townhomes and single-family units will be built around a neighborhood shopping center and 18-hole golf course.

By Alex Finkelstein | Updated on July 29, 2003

ORLANDO-Taking advantage of a continuing red-hot new-home construction market, local developer David Kohn and his ABD Development Co. plan to break ground in first quarter 2004 on a mixed-use community of 4,860 townhomes and single-family residences built around a neighborhood shopping center and 18-hole golf course in Polk County, 60 miles south of Downtown Orlando.

Janice Summers, president and owner of Janice Summers Realty in Winter Haven, tells GlobeSt.com Florida-based Oak Hill Estates Partnership sold the 2,250-acre site to ABD for $31 million, or about $13,778 per acre (32 cents per sf). Summers negotiated the deal for the seller.

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