JACKSONVILLE, FL—Capstone Companies has successfully brokered the sale of a multifamily land development opportunity in Jacksonville, FL. The 15.41-acre site is situated near the intersection of Normandy Boulevard and I-295 in the rapidly expanding West-Side Submarket. The buyer intends to construct a 308-unit market-rate apartment community with clubhouse, including fitness center, resort pool, dog spa...
LAKELAND, FL—Capstone Companies has brokered the $8.6M off-market sale of a multifamily development project along Airport Rd in Lakeland, FL. The shovel-ready, 29.3-acre site is slated for 300 multifamily units and was sold by Lindell Investments to Village Capital Corporation, an affiliate of the Pedcor Companies. The Pedcor Companies have been in the business of multifamily development, construction,...
Download Offering Materials: Kelly Park Village Capstone is pleased to present a capitalization opportunity to support the development of Kelly Park Village on behalf of Wingspan Development Group and ABC Capital Corp (the “Sponsor”). The to-be-built, 368-unit Class A apartment community is situated on 21.47 acres in Apopka, FL—a burgeoning suburb of Orlando, FL. Apopka has seen extensive growth in...
Download Offering Materials: The Annex Apartments Capstone is pleased to present a debt financing opportunity on behalf of Augustine Development Group (the “Developer”) for The Annex Apartments—a 143-unit multi-family development that includes a 480-space structured parking garage and 5,700 SF of ground-floor retail. The project will partially consist of a historic renovation, feature a new...
Download Offering Materials: Old Jennings Development Site Capstone is pleased to present the exclusive listing of Old Jennings, a 22.48-acre multi-family development opportunity located in the Jacksonville MSA. The site is shovel-ready having all of the necessary zoning & development approvals for 316 multi-family units, allowing for new ownership to start construction immediately, largely reducing...
Download Offering Materials: Lake Placid MHC Development Capstone is pleased to present the Lake Placid MHC Development. This offering features a newly developed, age-restricted, 338-site community that spans 93 acres in Lake Placid, FL. The developer plans to deliver the Certificate of Occupancy (COO) at the time of closing, greatly benefiting a new owner. The community will be open for business, and...
Download Offering Materials: Villas of Palm Bay Capstone is pleased to present Villas of Palm Bay: a ±13.2-acre multi-family development site located in the rapidly growing Space Coast MSA. Current zoning is RM-20, with a site plan targeting 261 multi-family units. The site will benefit from the plethora of high-paying white-collar employers setting up shop just minutes away—including, L3Harris...
Download Offering Materials: Dewey Flats Capstone is pleased to present Dewey Flats: a 71-acre single-family development site located in Leesburg, FL that is zoned PUD and allows for 184 single-family homes. The current owner has completed a large portion of the site preparation, including rezoning and annexation into the city of Leesburg, giving new ownership an expedited path to construction. The site is...
Download Offering Materials: River South Development Site Capstone Land Sales is pleased to present the exclusive listing for River South Development Site, a 4.06-acre land site located in Jacksonville, FL. The development site is ideally located in the Southbank/San Marco area of Jacksonville’s Urban Core, which is one of the fastest-growing rental submarkets in the MSA. Developers have taken notice of...
Download Offering Materials: City View Development Site Capstone is pleased to present the exclusive listing of the City View Development Site, a ±12-acre land site within a ±26-acre mixed-use development in Jacksonville, FL. Located just off I-10, future residents will benefit from enhanced connectivity to Jacksonville’s key demand drivers, as well as increased visibility from one of the MSA’s...
Download Offering Materials: Seminole MHP Capstone Manufactured Housing is pleased to present Seminole MHP, a 44-site community in Tallahassee, FL. Located right off of I-90, this community is only a 20-minute drive from the Sunshine State capital which is rich in history, culture, and many recreational activities. Current ownership has done a great job enhancing the curb appeal by re-paving the roads,...
SAINT PETERSBURG, FL—Capstone has closed the $28,200,000 sale of The Metro: a 7-story, all studio furnished apartment community in St. Petersburg, Florida. The property’s $655 price per square foot set a multi-family sales record for Pinellas County. Capstone’s Jad Richa and Cameron Hooper sold The Metro on behalf of DevMar Development and procured the buyer, a private investor out of the state of...
