Homes by Towne company buys land for Lakewood Ranch apartment

By Business Observer Staff
| 11:00 a.m. September 4, 2015
| 0 Free Articles Remaining!

Manatee-Sarasota

BUYER: Tri of Lakewood Ranch Apartments LLC (associated member: Towne Realty Inc.), Milwaukee, Wis.
SELLER: SMR Northwest Land LLC
PROPERTY: (the future Wood Fern Trail) a portion of Lakewood Ranch Boulevard north of 44th Avenue, Lakewood Ranch
PRICE: $5.94 million

PLANS, DESCRIPTION:
An affiliate of Homes by Towne purchased 41.16 acres on the east side of Lakewood Ranch Boulevard for $5.94 million.

The price equated to $144,315 per acre.