August 29, 2019
Real estate developer and land investor BTI Partners has acquired 1,400 acres of undeveloped land approximately 20 miles south of downtown Orlando. The sales price was reported by various media outlets as $40 million.
The property is located along the westside of Florida’s Turnpike, from Kissimmee Park Road to the Three Lakes Toll Plaza and is approximately three miles in length. It is formerly a portion of the Edgewater East Development of Regional Impact, and has been approved for more than 5,000 residential units and two million square feet of commercial uses.
BTI Partners is currently designing and planning the initial phases at Edgewater, and anticipates starting land development in about one year.
“The acquisition of the Edgewater is consistent with our land strategy of delivering residential lots to national and regional homebuilders in high-growth markets,” said Noah Breakstone, CEO of BTI Partners.
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