An Orlando property located at 68 South Ivanhoe Boulevard has been sold for $8 million. The 1.6-acre land was purchased by Richland Capital, a Tampa-based company. The acquisition aims to address the housing demand in the trendy Ivanhoe Village neighborhood, as Richland Capital plans to develop a 14-story, 312-unit apartment tower with retail space on the site.

Summary of transation details

• Property Type: Land
• Transaction Amount: $8,000,000
• Address: 68 South Ivanhoe Boulevard
• Market: Orlando
• Buyer: Richland Capital - Matt Bray
• Seller: Florida League of Cities Inc
• Brokers: Gabriel De Jesus & Lawson Dann - Foundry Commercial

Richland Capital, represented by Matt Bray, led the purchase of the Orlando property. The deal was facilitated by brokers Gabriel De Jesus and Lawson Dann of Foundry Commercial. The acquisition will contribute to the development of the Ivanhoe Village neighborhood, meeting the growing demand for housing in the area.