Located in the burgeoning Lake Nona area of Orlando, Randal Park is an 800-acre master-planned community that Gentry Land Company, in partnership with Wheelock Street Capital, developed starting in 2011 and completed the sale of in 2014. Gentry Land provided complete asset management for the Randal Park project, performing an array of services that included entitlement and zoning work, development, buyer identification and sale. The project involved several complicated elements that Gentry Land successfully navigated, including a cost-share road use agreement, the sale of property to the area’s public school system, negotiation and sale to multiple home builders for development, debt financing and established a Community Development District (CDD).
Now under development, Starkey Ranch is a 2,500-acre master-planned community in Pasco County, Florida, for which Gentry Land has partnered with Wheelock Street Capital to provide both asset management and land development services. For the Starkey Ranch project, Gentry Land evaluated the risk involved with the purchase of the property, negotiated the land purchase on behalf of its equity fund client, and developed the master plan for the community. As with any project, the Starkey Ranch development came with its own set of challenges and exceptions. After starting development in 2012, Gentry Land Company arranged for the rescinding of the Development of Regional Impact (DRI), and rezoned the entire property. Gentry Land also established a Community Development District (CDD) at Starkey Ranch.
In addition, Gentry Land developed, proposed and received approval on an innovative “P4 Agreement” (Public-Public-Private-Public Agreement) between the Pasco County School Board, the Pasco County Library System, the Pasco County Parks & Recreation Department, and of course, Gentry Land, to negotiate a sale of the property that will provide for a one-of-a-kind educational and recreational facility on the property. Being touted as the Starkey Ranch District Park, the land set aside for this special district at Starkey Ranch will include a K-8 public school, a black box theater, a new library and a state-of-the-art park for area residents to enjoy. While the project is still in the early stages of development, Gentry Land has already helped to negotiate the sale of some developed lots and large parcels and anticipates a grand opening in the spring of 2015.
The Preserve at Turtle Creek
Currently under development, the Preserve at Turtle Creek is an 83-acre development with 262 available single-family lots. For this project, Gentry Land Company has partnered with Equity Investments to buy, develop and sell the development, providing asset management services for this localized development opportunity.
Oak Tree Pointe
When the original owners of the property at Oak Tree Pointe came to Gentry Land, they were highly motivated to sell their property in order that they could retire in the Midwest. They had multiple bids from other land developers to purchase the land, but actively sought the counsel of Gentry Land because they knew they could trust the Gentry Land team to secure the best possible deal for their large asset. Gentry Land, in partnership with Equity Investments, has entitled this 20-acre community based in St. Cloud, Florida to make way for 72 single-family residential units.
Gentry Land Company, in partnership with Equity Investments, recently completed land development services for this 24-acre project in St. Cloud, Florida. Comprised of 72 single-family home lots, Gentry Land purchased, entitled, developed and sold this development to a local builder that is actively selling homes in the community at this time.
For this project, Gentry Land was hired by David Weekley Homes to perform construction management services in the community. Spring Lake at Celebration is a 40-acre, high-density neo-traditional residential community near Disney World, and Gentry Land has been providing construction planning and development consulting services in this community since 2012. This project has required an extensive knowledge and management of Community Development District (CDD) services, as Gentry Land works closely with Osceola County Government, the community homeowner’s association, the Enterprise Community Development District, and the Celebration Community Development District to responsibly manage and grow the community.