DeBartolo, Encore Housing buy Windemere's Summerport Village

A joint venture of Tampa-based DeBartolo Development LLC and Encore Housing Opportunity Fund LP has acquired Summerport Village, a 196-acre mixed-use development site in Windermere. DeBartolo reports the joint venture purchased Summerport Village at a 69% discount.

Located two miles from Walt Disney World near Winter Garden Vineland and Ficquette roads, the property has 2,000 feet of waterfront view and has been entitled for 330 multifamily units, an assisted-living facility and 130,000 square feet of retail space.

The site work has already been completed at the property.