Ryan Marshall Of PulteGroup Acquires Development Site From GT USA For $39.5M In Palm Beach Gardens

The development site located at Donald Ross Road and North Jog Road was sold for a total price of $39,500,000 in the Palm Beach Gardens market. The asset will serve as the foundation for PulteGroup's 75-home Reserve at Eastpointe community, which contributes to a total site investment of $44.3 million for the developer. DiVosta Homes is designated to construct luxury homes, which will be priced between $1.3 million and $1.7 million, with buyers granted membership to Eastpointe Country Club.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $39,500,000
• Buyer: Ryan Marshall - PulteGroup
• Seller: GT USA

The deal involves key individuals, with Ryan Marshall representing PulteGroup in the transaction. GT USA acted as the seller in this agreement, facilitating the transfer of the property which is set for residential development.