Mosaic Development LLC has purchased 13.1 acres of land in DeBary, Florida. The property is located west of U.S. Highway 17-92, north of Fort Florida Road. The land is designated for a mixed-use project and is adjacent to the SunRail station. The purchase price for the land was $4,189,092. The development project will include 500 apartments, retail space, and a central park. Construction of the project is set to begin in early 2022.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $4,189,092
• Location: DeBary, Florida
• Acreage: 13.1 acres
• Market: DeBary

The buyer of the land was Mosaic Development LLC. The seller of the property included The City of DeBary (represented by Karen Chasez), Miller Land Trust, Ray Sands/Frank Slabodnik, Empire Cattle, and DeBary Central LLC. The brokers involved in the transaction were Casey Babb, Ken Krasnow, Brooke Mosier, and David Calcanis from Colliers.