TV Quietly Buys MORE Land
An LLC created by The Villages has purchased an additional 4,132 acres south of the CR 501 and CR 470 intersection - basically, south of the prison. According to Sumter County GIS, this transaction was in February 2017. ALL of this is in addition to everything we have heard publicly from the developer.
The June 13 Daily Sun reported on the June 12 Wildwood City Commission meeting. Below is a quote from the article.
“In another growth-related matter, the commission reviewed on first reading a proposal to rescind a 2011 ordinance that authorized the Landstone-Wright planned development, about 4,132 acres due south of the CR 501 and CR 470 intersection.
“California-bases Landstone Communities LLC purchased the property in 2007 with the goal of developing 8,025 residential units and a mixture of commercial, industrial, recreational and institutional uses.
“Landstone’s acquisition, at about $53 million, was then considered the largest single purchase in Sumter County history.
“By 2014, however, Landstone, once one of the country’s largest institutional investors of residential development, divested the property.
“Earlier this year, Buffalo Hide & Cattle Co. LLC acquired the property in a deal valued at about $17.8 million and applied to rescind the order.”
Well, the application to register Buffalo Hide & Cattle Co. LLC as a new corporation was filed by The Villages Legal Department, Lake Sumter Landing.
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