Newspaper article Sarasota Herald Tribune

Builders Buy 84 Lakewood Ranch Lots

Newspaper article Sarasota Herald Tribune

Builders Buy 84 Lakewood Ranch Lots

Article excerpt

REAL ESTATE DEALS

LAKEWOOD RANCH -- Two homebuilders paid a combined $10.22 million this month for 84 lots in new communities in Country Club East.

A company affiliated with local developer Pat Neal bought 72 lots for $8.66 million in the Whittlebury neighborhood, while builder WCI Communities acquired 12 lots for $1.56 million in the upcoming Prestbury community, according to Manatee County records.

The seller was SLV II CCE Venture LP, an entity formed as part of a partnership between Lakewood Ranch master developer Schroeder- Manatee Ranch and Starwood Land Ventures LLC.

Whittlebury and Prestbury will contain 190 homes within 212 acres east of the Highlands neighborhood in the Country Club East golf course community.

Both Neal Communities and Bonita Springs-based WCI Communities have been active in the expansive Lakewood Ranch

development, which spans 28,000 acres and has about 20,000 residents. …

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