Developer buys Pasco County acreage for master-planned community

By Louis Llovio
| 8:00 a.m. August 9, 2025
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Tampa Bay-Lakeland

GPI Real Estate has bought three continuous parcels totaling 149.5 acres in Wesley Chapel.

The property is at 9247 Kenton Road. It makes up a major portion of GPI’s planned 168-acre master planned community, according to Linkvest Capital, a Miami firm that arranged a $5.5 million acquisition loan. (Linkvest posted a press release announcing the sale on its website attributed to the industry publication CREConnect.)

Pasco County property records show GPI paid $4.5 million for the property.

The community, when complete, is expected to have 890 residential units — single family and multifamily — and 104,000 square feet of commercial space.

According to the release, $2.2 million of the loan will be used for predevelopment.

Construction of the multifamily and commercial components is expected to start late this year or early next.

Linvest’s Camilo Niño, Ricardo Uribe, and Alen Hernandez facilitated the loan.

Los Angeles-based GPI is commercial real estate development and investment firm.

author

Louis Llovio

Louis Llovio is the deputy managing editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.