Investment Group buys Charlotte land for 400-lot residential development

By Business Observer Staff
| 10:00 a.m. July 25, 2014
| 0 Free Articles Remaining!

Charlotte–Lee–Collier

BUYER: Edgewater Opportunity Fund II LP, Englewood
SELLER: ADC REO-FL Land LLC
PROPERTY: 4275 Placida Road, Englewood
PRICE: $2.55 million
PREVIOUS PRICE: $1.5 million, August 2001
LAW FIRM ON DEED: The Law Office of Edward G. Milgrim PA, Winter Park

PLANS, DESCRIPTION:
An investment group led by Charlotte County developer/homebuilder Ron Greenland purchased 169.5 acres of vacant land east and north of Placida Road for $2.55 million.

The price equated to $15,044 per acre.