Investing In
Vacant Land
& Development
Market Knowledge
The CRE Boss Ladies are here to help evaluate the many factors that influence land value.
We know the fundamentals of land acquisition and disposition. We have the skills and knowledge to analyze property development opportunities, provide market studies, marketing strategies, including promotion and advertising to bring a property to market.
Zoning & Permitting
The need for developers to obtain permits and approvals is specific to each stage of real estate development and unique to each municipality. We know the approval and permitting process in the Tampa-St Petersburg MSA. We can identify the challenges of working with multiple stakeholders in the development process and provide assistance navigating with various entities.
Environmental
Welcome to Florida where many environmental considerations and challenges in real estate development exist. We can provide guidance through environmental studies and assist you with mitigation environmental issues, surface and sub-surface geotechnical studies, and even endangered species or protected wildlife, historical or cultural restrictions on a site.
Acquisitions & Dispositions
Acquiring a property is the first step of the real estate development process. We have the knowledge and skills needed to assist the Buyer to acquire the property with an attractive price and terms, provide due diligence expertise, negotiate sales contracts, monitor pre-and post-closing conditions, and pursue seller-financing opportunities when available. We add value for the Seller by understanding market values and the development process. We help business people buy and sell vacant land.
Land Deals Done By The CRE Boss Ladies In The Tampa MSA
Pasco County
750± Acres River Landing, Wesley Chapel
BHHS’ Tampa Bay Land Team, consisting of Dewey Mitchell, CCIM, Renee’ Dyer, CCIM, and Jill Carbonelli, CCIM, closed the $23,500,000 land deal on December 20th, 2020. They took to market the 750± acre approved MPUD site in a “Call for Offers” format producing seven (7) contracts for purchase. The property has been entitled to 1,999 residential units to be developed in four phases. When the property was brought to market the SR 56 extension was under construction, bisecting the property east to west. As a condition of the MPUD, adjacent property owners had an Implementation Program for cost-sharing of road construction. Additionally, a master utility extension agreement needed to be negotiated wherein the buyer/developer would be responsible for their pro-rata share of extending all utilities to the site, plus obtaining the appropriate Army Corps of Engineers permits.
The complex sale encompassed many development conditions and obstacles. The time from the date of the Call for Offers to finalized contract was 428 days. The time from finalized contract to close was an additional 778 days.
North Pinellas County
Klosterman Road, Palm Harbor
Eagle Creek is under construction and now selling residential single-family homes. The development consists of 51 lots on 15.3± acres located at 685 and 687 East Klosterman Road; Northeast corner of East Klosterman Road and South Disston Avenue in North Pinellas. It is being developed by David Weekly Homes and will be a gated community. The 15.3± acre site sold in 2021 for $3,659,000. From the Parcel listing to contract close was a total of 288 days.
South Pinellas County
Rare Gulf Waterfront, Tierra Verde
Located on Tierra Verde, an island in Pinellas County, Florida, this waterfront location offers 100 feet of waterfront breathtaking views along Mud Bayou with direct access to the open waters of the Gulf of Mexico. The island is conveniently 32± minutes from TIA, close to world-class beaches, major league sporting events, golf, tennis, restaurant, and educational opportunities
This was one of the last waterfront development opportunities on Tierra Verde. It was approved for 14 condominium units with 7 dock slips. It sold for $975,000 in 2021.
Testimonials
“I have worked with the CRE Boss Ladies (Jill and Renee’) as the attorney on several commercial real estate transactions, and they know how to put deals together and get them closed! They are highly recommended.”
“Wanted to thank CRE Boss Ladies, Renee’ Dyer, and Jill Carbonelli, for a great job in the sale of our developed lots at The Reserve at Sea Forest. Appreciate the persistence and strong local market knowedge”
This information is from sources deemed to be reliable. We are not responsible for misstatements of facts, errors or omissions, prior sale, change of price, and/or terms or withdrawal from the market without notice. Buyer should verify all information with its’ own representatives as well as state and local agencies. Brokers please note that a variable rate commission may exist on this offering that might result in a lower commission cost to the Seller if a Buyer’s broker is not involved in the transaction. ©2022 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.