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: 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: 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: 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...
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...
Capstone Companies, headquartered in Charlotte, North Carolina, is pleased to announce the expansion of the firm’s regional brokerage office in Jacksonville, Florida with the addition of William Bruce, Investment Sales Advisor.
Download Offering Materials: Villas at Shelby Crossing Capstone Land Sales is pleased to present Villas at Shelby Crossing: a 15.10-acre multi-family development site available in Sebring, FL. Current ownership has entitlements in place for 220 units, which would be ideal for a three-story garden product. The site is located off of U.S. Highway 27 (41,000 VPD), providing future residents convenient access...
Capstone Land Sales has closed the $4.65 million sale of a ±34.71-acre development site in the Orlando suburb of Apopka.
Capstone Apartments Partners facilitated the sale of two adjacent apartment communities in Charlotte’s burgeoning University City submarket. With a sale price of $125,750,000, this transaction marks the second largest multi-family sale by dollar amount in the Charlotte MSA in 2021.
Capstone Land Sales announces the $3.6 million sale of a 12.7-acre development site in the Orlando suburb of Apopka, Florida.
Capstone Apartment Partners has closed the $25,500,000 sale of Seastone & River Rock: a two-property, 160-unit apartment portfolio near the heart of Tampa, Florida. The transaction closed on Tuesday, July 20 at $159,375 per unit, setting a record price per unit in the city’s Temple Terrace/University Submarket.
AVON PARK, FL—Capstone Apartment Partners has closed the $4,060,000 sale of Lakeside Villas: a 55-unit apartment asset in Avon Park, Florida. Comprised of two two-story buildings, the 3.06-acre community is nestled between Lake Lotela and U.S. Highway 27. The Capstone transaction team was led by Tom Huffsmith, Nasser Al-Hafi, Brian Hunsicker, and Jad Richa, who sold the property on behalf of Green Owl...
