Woodfield Development, represented by Ryan Studzinski, has recently acquired a 28-acre development site in Clermont, Florida for $7 million. The property is located at State Road 50 & Hooks Street and offers significant potential for future construction and development. This sizable land acquisition presents an opportunity for Woodfield Development to commence the construction of a 289-unit apartment complex in the coming months.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $7,000,000
• Acres: 28
• Address: State Road 50 & Hooks Street, Clermont, Florida
• Market: Clermont

The successful acquisition by Woodfield Development showcases their commitment to expanding their real estate portfolio. With an estimated cost of at least $70 million, this upcoming project reflects their dedication to creating quality residential spaces. Although specific details about the remainder of the development remain undisclosed, this transaction marks a significant step towards Woodfield Development's future growth and success in the real estate market.