Two Rivers Apartment Site

The property is located within the Two Rivers Master Planned Community on the newly extended State Road 56 in Wesley Chapel, FL. The site is on the south side of SR 56 at a proposed future lighted intersection between Morris Bridge Road and US 301. It is planned directly across the street from a regional park and school facility on over 8- acres. It is approximately 10 miles east of I-75 and 20 miles from The University of South Florida Campus. Two Rivers is a 3,400 acre master planned community planned for over 6,000 residential units, 630,000 SF of retail, 246 acres of conservation, 80 acres of parks and schools and over one million SF of targeted office/industry uses. All of the single family residential lots are spoken for and the estimated average single home price is expected to be in the $600,000's.The opportunity is to acquire 21 acres planned for 3-story apartments totaling 285 units along the south side of SR 56 within the heart of the Two Rivers 3,400 acre master-planned community in Wesley Chapel, FL. The entire site is within a qualified opportunity zone. The civil plans are complete and in for permitting. Water and sewer will be delivered to the site with adequate capacity. The site is not within any CDD or HOA and therefore is stand alone without access to any of the Two Rivers planned community amenities. Due to the highly prominent location, the Seller will require architectural control of the elevations to be developed in a first-class manor with a requirement for mature landscaping to be part of the project and limit the height to 3-story buildings. Seller has all due diligence available for review upon request. Horizon Wiregrass is the most recently completed apartment project in this sub-market and is getting $2.31 rents per Apartments.com. There is no co-broke offered on this listing. Buyer must pay their broker.