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Legacy Hotel & Residences will include a 100,000-square-foot medical center equipped and staffed much like a hospital in a nod to more health-concerned travelers.
L&L Holding Company and Carpe Real Estate Partners have acquired a three-acre site, with plans to develop 800,000 square feet of office, residential and retail space.
The West Villages FL community and its adjacent 7,000 acres of undeveloped land are now branded as Wellen Park, which will host more than 60,000 residents and 22,000 homes at full build-out.
A slowdown in sale and lease transactions is expected but overall metrics such as the vacancy rate and asking rents remained flat in the first quarter of this year, a study showed.