An affiliate of Capital Investment Group, a mixed-use developer headquartered in Cincinnati has purchased a 6 acre site in Lake Mary for $6 million. Located 15 miles north of Orlando, the property rests inside Gunter Village, a 12.3-acre master planned, mixed-use community that will include rental apartments, shops, restaurants, and a limited service hotel. The buyer has plans to develop the site into a 300 unit, rental apartment community. The seller was represented by the Aztec Group.
“In arranging this sale, our team had to work quickly and diligently to secure a buyer that met the seller’s terms,” said Howard Taft, Senior Managing Director at Aztec Group. “Beyond having developed an ongoing relationship with the client, our ability to deliver results and sound advice to the client has led to now having the opportunity to sell the property’s remaining 6.3 acres of land.”
