Lakewood Ranch Land purchase by Kolter

Bussiness, 10/10/2018

A $12.5 million land buy signals more development at Lakewood Ranch. Here’s what’s on the way

James A. Jones Jr. | Business Observer

Lakewood Ranch

The Kolter Group of West Palm Beach recently paid $12.5 million for 250 acres of Lakewood Ranch land, where it plans to build a 55-plus gated community called Cresswind.

It would be the second age-restricted community at Lakewood Ranch. The first is Del Webb, located on State Road 70. The $24 million that PulteGroup paid Schroeder-Manatee Ranch in 2014 for 643 acres made it the largest land buy in Manatee County that year.

In April, Manatee County Commissioners unanimously approved plans for Kolter Group’s Cresswind, a gated community within Schroeder-Manatee Ranch’s Northeast Quadrant, the Bradenton Herald previously reported.

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