Lane Makes Multifamily Push in Florida

ATLANTA-Lane Investment & Development Corp., one of the city’s largest multifamily developers, is targeting Florida as its newest growth sector. The subsidiary of 20-year-old, locally based Lane Co., has hired Grant Kornman, a former joint venture partner, to direct its Florida operations from Miami.

With a completed $1-billion development portfolio of 11,000 condominiums and apartment units, Lane is looking to expand active operations in Tampa, Gainesville and South Miami. “We have already been extremely successful in Florida and we expect that adding (Kornman) to our team will further increase the deal flow,” says Lane Investment & Development Corp. president Marc Pollack. “While we are doing one deal a year there now, we hope that Grant’s skills will help us increase that amount to at least three or four (per year).”

Kornman is the founder/owner of Flagstone Holdings which previously partnered with Lane as Lane/Flagstone Ventures LLC in student housing ventures. He plans to aggressively pursue “new development opportunities” in Orlando, Jacksonville, Tampa/St. Pete, Palm Beach, Boca Raton, Hollywood, Fort Lauderdale and Miami.