Lots Of Future Development

[Villages Kahuna]

There's a pretty good-sized mixed use development planned for the south end of Wildwood, on the left side of 301, just as it curves to the west. The development is called Wildwood Springs and is described on their website as follows...

"Wildwood Springs is a planned 1,046 acre community located in Wildwood, Florida. The master plan includes over 3,000 residential units and a retail center. Located near the highly successful Villages community, the project has direct access to the Florida Turnpike and I-75."

The developer is Reader & Partners. The big question is, who are the "partners"? There are quite a few in the local community who know who the partners are. There looks to be a whole lot of land surrounding Wildwood Springs that could be available to expand the initial project plan.

Stay alert.

[golf2140]

Celabration / Villages

[Villages Kahuna]

Celabration / Villages
Nope, the partners are a lot closer than Disney in Orlando.

[cquick]

where is this going to be located? South of Hwy 44 on 301 or near the Hwy 466 on 301?

[Villages Kahuna]

where is this going to be located? South of Hwy 44 on 301 or near the Hwy 466 on 301?
Go to the website for Wildwood Springs and it shows the plat for the entire project. It's western border is CR 301, just as it curves to the west on the south end of Wildwood.

[Mikeod]

And if you follow SR 468 which is the northern boundary of the development it goes across the turnpike and right up to the Morse connection at 44.

[graciegirl]

There's a pretty good-sized mixed use development planned for the south end of Wildwood, on the left side of 301, just as it curves to the west. The development is called Wildwood Springs and is described on their website as follows...

"Wildwood Springs is a planned 1,046 acre community located in Wildwood, Florida. The master plan includes over 3,000 residential units and a retail center. Located near the highly successful Villages community, the project has direct access to the Florida Turnpike and I-75."

The developer is Reader & Partners. The big question is, who are the "partners"? There are quite a few in the local community who know who the partners are. There looks to be a whole lot of land surrounding Wildwood Springs that could be available to expand the initial project plan.

Stay alert.


I am so glad to hear this from someone who I trust. I am glad to hear that all of the folks who now work building wonderful houses will continue to have work. Sounds like the Morses might have a hand in THAT.:BigApplause:

[Bonanza]

I am glad to hear that all of the folks who now work building wonderful houses will continue to have work. Sounds like the Morses might have a hand in THAT.

Gracie: I'm not sure I understand what you mean.

I, too, am glad that many of the sub contractors
can be assured of ongoing work.

However, what do you mean when you say that
Morse might have a hand in that?
As best as I can tell, if Morse isn't in something 100%,
or at least with controlling interest, he isn't in it at all..

Is that a fair assumption?

[Bonanza]

Go to the website for Wildwood Springs and it shows the plat for the entire project. It's western border is CR 301, just as it curves to the west on the south end of Wildwood.

At best, the plat on the developer's website is hardly readable.

I haven't found one, but is there a better,
more easily read plat somewhere?

[obxgal]

Reader & Partners is a full service real estate development firm with offices in Orlando and Raleigh. The firm actively manages many forms of community and land development with projects in Orlando, Tampa and North Carolina. We are a team of seasoned professionals with over 67 years of experience in all aspects of development from entitlement to vertical construction. Passionate and purposeful about development we place our emphasis on creating successful projects in the market and achieving strong economic returns for our clients. Every plan, every detail, is reviewed with a dedication to excellence.
Reader & Partners, LLC: Private Company Information - Businessweek (http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=134191504)



Community and Land Development | Reader and Partners (http://www.readerpartners.com/)
On their "Current Projects" page, the Wildwood Springs community is mentioned along with may others

[champion6]

<snip>The developer is Reader & Partners. The big question is, who are the "partners"? There are quite a few in the local community who know who the partners are. There looks to be a whole lot of land surrounding Wildwood Springs that could be available to expand the initial project plan.
Go to the website for Wildwood Springs and it shows the plat for the entire project. It's western border is CR 301, just as it curves to the west on the south end of Wildwood.
And if you follow SR 468 which is the northern boundary of the development it goes across the turnpike and right up to the Morse connection at 44.And the intersection of CR 468 and Florida's Turnpike is where Morse will build an interchange.

Of course I don't know if the Morse family is a "partner" in Wildwood Springs, but if I had to guess ...

[champion6]

At best, the plat on the developer's website is hardly readable. I haven't found one, but is there a better, more easily read plat somewhere?For the general public, probably not yet. In due time, a plat will be reviewed by the Wildwood Planning and Zoning Board. It will become a matter of public record at that time.

[pqrstar]

It looks like it is south of the Turnpike entrance.

And NO GOLF COURSE!

[justjim]

Interesting. I guess this planned development is not a 55 Adult community. The Developer of The Villages certainly would like to see this type of development close by----it will be good for attracting more commercial and customers for the businesses already here. Let it happen!

[jmac1031]

And the intersection of CR 468 and Florida's Turnpike is where Morse will build an interchange.

Of course I don't know if the Morse family is a "partner" in Wildwood Springs, but if I had to guess ...

If you google Wildwood Springs and scroll down the different posts you will see Morses do not have anything to do with any of the filings for Willdwood Springs. This is from the Sumter County government site. There was an article in the One of the other local stating the land was purchased in prior to economic bust 2005. Developer had been waiting out the recovery. It also stated the developer had been negotiating with Wildwood over water issues.

[Villages Kahuna]

Reader & Partners is a full service real estate development firm with offices in Orlando and Raleigh. The firm actively manages many forms of community and land development with projects in Orlando, Tampa and North Carolina. We are a team of seasoned professionals with over 67 years of experience in all aspects of development from entitlement to vertical construction. Passionate and purposeful about development we place our emphasis on creating successful projects in the market and achieving strong economic returns for our clients. Every plan, every detail, is reviewed with a dedication to excellence.
Reader & Partners, LLC: Private Company Information - Businessweek (http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=134191504)
Community and Land Development | Reader and Partners (http://www.readerpartners.com/)
On their "Current Projects" page, the Wildwood Springs community is mentioned along with may othersDid you ever think that the Reader "partners", might have a sufficient financial investment to make them controlling partners in the project?

Someone made the point earlier in this thread that the Morses don't get involved in projects that they don't control. I think that's correct.

Reader's own website says that their work..."focuses specifically on land and the vertical opportunities it can create in each project.

• Capture market opportunities for each project
• Incorporate best practices for planning and design in all aspects
• Develop detailed financial models for each project
• Achieve the most favorable and flexible entitlement conditions
• Provide strategic management of land assets on a day-to-day basis
• Oversee the coordination and implementation of infrastructure
• Market and complete the sale of sites/parcels/project to 3rd party buyers
• Create opportunities for vertical investments with potential 3rd party partners"

Does it say anywhere in there that they're builders? All the principals in Reader came from Crosland Real Estate. You may recall that the Morse's hired Crosland to do all the leasing of their commercial property in and around The Villages several years ago. All the parties here know each other quite well. Did you ever think that Reader might have been hired to do all the front end work to get Wildwood Springs approved for building? Then they could do what they say their business is, "market and complete the sale of the project to 3rd party buyers". What better opportunity might there be for someone else to come in and buy the project, then complete the development. There might even be reasons why that 3rd party might like Reader to front the project, keeping thier name out of the development for the time being. In fact, there's nothing that says that the 3rd party doesn't already own the land and has just contracted with Reader to do the front end work.

I think we all know who is very capable of completing a development like Wildwood Springs.

I'm just thinkin'.

[asianthree]

remember Disney had many companies buying property for his future Disney World, so the prices would not be driven up by people thinking that just one man was the buyer