ORLANDO-Starwood Land Ventures has purchased the 1,500 unit master-planned community of Summerlake for more than $27 million. The community includes over 400 developed lots and 13 completed homes.
“We own quite a bit of Orlando,” Mike Moser, Starwood Land Ventures’ east region president, tells GlobeSt.com. “We’ve been happy with our other Orlando acquisitions and we feel Orlando will remain relatively strong over the long haul.”
Summerlake is a 557-acre property located 1.5 miles north of the Disney property and 17 miles northwest of the Orlando International Airport. The community has more than 1,500 home sites approved for development with nearly 450 of them being fully developed and 30 homes completed.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
