Foundation sells large tract for roughly $18 million

Property had been designated for affordable housing community in 2005

  • By Kevin McQuaid
  • | 2:00 p.m. June 13, 2018
  • | 0 Free Articles Remaining!
John Neal is the president of Neal Land Ventures, a Lakewood Ranch-based firm he started in 2013 to acquire land for residential and mixed-use developments.
John Neal is the president of Neal Land Ventures, a Lakewood Ranch-based firm he started in 2013 to acquire land for residential and mixed-use developments.
  • Manatee-Sarasota
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The Gulf Coast Community Foundation has sold a 300-acre tract in North Venice once envisioned as an affordable housing development to a prominent regional land developer for roughly $18 million.

Neal Land Ventures’ acquisition of the former “Bridges” property marks a shift from more than a decade ago, when the foundation proposed building homes to counter a perceived affordability issue in Sarasota County.

 

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