Bradford Kline Acquires 3,000-Acre Ormond Crossings Land In Volusia County For $62M

Ormond Crossings, a 3,000-acre land in Ormond Beach, Volusia County, has been sold for $62 million. The buyer, Bradford Kline of Bradford Kline & Associates, through his company Ormond Crossing West LLC, plans to develop a master-planned community valued at over $1.5 billion. The development will be executed by Meritage Homes Corp., focusing on single-family home construction. Construction is scheduled to commence within a year, capitalizing on the expected $340 million upgrade of the U.S. 1/Interstate 95 interchange and the growth of the Volusia County market.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $62,000,000
• Address: Interstate 95 & U.S. Highway 1, Ormond Beach, Volusia County
• Market: Ormond Beach
• Buyer: Bradford Kline - Bradford Kline & Associates
• Seller: Tomoka Holdings LLC
• Brokers: Michael McEwan & Robert McEwan - CBRE

The acquisition of Ormond Crossings by Bradford Kline's firm represents a significant investment towards the development of a thriving community in Volusia County. With the strategic location and the planned infrastructure development, this project is poised to become a prominent asset in the region.