[vintageogauge]

Originally Posted by Papa_lecki

How close is this?


EDEN Living, with a “mission to redefine an underserved segment of the rental population,” is about to start construction on a new horizontal-apartment project just south of the Village of Fenney.

The development will include 130 build-to-rent units on 15 acres.

EDEN plans to break ground in June and expects to complete the project in September 2023. It closed on the site at 2072 County Road 501 on April 11.

Fenney must be considered the landmark of the southern villages. This development is closer to the entrances of Monarch Grove, Linden, Marsh Bend, McClure, and Desoto than it is to Fenney.

[Luggage]

Means there aerent any high cost rentals here just medium

[Luggage]

There ARE many golf course not in villages! Don't be ethnocentric!

[Babubhat]

No bonds. No amenity fees. No maintenance. No mortgage payment. Good for working professionals. Allows mobility.

[Luggage]

Wow only 6 mill. A bargain about $50,000 per apt or the most expensive retail space rent in the area . unless a bank buys it.

Originally Posted by vintageogauge

It's across from the entrance to Monarch Grove not Linden and there is another 20 acre parcel next to this parcel to the south that is for sale or may have been sold by now. The parcel that this development is on had a sign out front for a couple years with the price proudly displayed on it, 20 acres $6,000,000.00

[VApeople]

Originally Posted by charlieo1126@gmail.com

Looks like a high end development and another nice alternative for living in the area , the developer has a history of building quality life style apartments .

I'm just worried about where their dogs are going to poop.

[dewilson58]

Originally Posted by VApeople

I'm just worried about where their dogs are going to poop.

Where ever they want.

[Mushkie]

Originally Posted by Robbie0723

Yep, adjacent to McClure and across from Monarach Grove, and along the northern border of the Coleman Federal Correctional Institution so they will have some nice long term neighbors.

Interesting they are promoting golf that the development won't have access...

"The project site is surrounded by large-scale developments, many golf courses ...)

Think there is some retail space also planned in front along 501.

They won’t have access to executive courses but they will have the ability to pay to use the many championship course that are built or planned to be built.

[Altavia]

Originally Posted by Luggage

There ARE many golf course not in villages! Don't be ethnocentric!

The 50 plus holes of Villages Championship golf in place and in progress a mile or two down the road are clearly a benefit to this development.

[WindyCityzen]

ATTENTION. This is NOT a “Villages” project. Residents will not be “Villagers” per se. Morse wouldn’t pay the asking price so it will be a sore thumb in the middle of Villages land. The drawings look very dense.

[Elaine Dickinson]

Originally Posted by WindyCityzen

....... it will be a sore thumb in the middle of Villages land. The drawings look very dense.

You can say that again.....

[Elaine Dickinson]

And right next to them is another "NEW" development. Zora Wildwood.

[Villages Kahuna]

…. The sale of individual homes does not provide the certainty of cash flow required by the equity markets. I’ve said before, it appears as though the Developer (and those that have a say in the family) are setting up The Villages for an Initial Public Offering, making it a public company.

With ownership of the company now in it’s fourth generation, the internal family stresses and strains have to be difficult. Taking TV public, giving the various family members “their share” in newly issued shares solves the problem. They will have “cashed out” and would have several options…

• They could sell their shares, resign their positions in TV management and retire to a luxurious vacation.
• They could decide to try to increase their ownership share by buying out other family members who might not want to continue as “the Developer”.
• The whole ownership structure of TV could change if an outside investor, like a large home builder or a financial investor, consolidated ownership by gaining majority control by buying a majority of the public shares.

It’s only my opinion, of course, but it appears to me that the Developer is setting up the structural cash flows to set up an initial public offering of the ownership of The Villages.

[jacqueline larsen]

Originally Posted by Topspinmo

Hugh Apartments complexes IMO are popping up around bubble more than churches and bars. Off 446, 441, 301, Powell road, CR42. That’s only ones I noticed or read about. Funny how the proposed complex other side Phillips got disapproved….

That was Fruitland Park. And yes…I wonder why? Maybe water service.

[Topspinmo]

Originally Posted by champion6

I have been keeping track - see attachment.

Wow!