In late December JMBI Real Estate, an affiliate holding company for Cassidy, paid over $1.2 million for another 50 acres of orange groves at the corner of 30th Street and Grace Avenue, near Haines City Senior High School.
The property currently enjoys an agricultural exemption, but it's in a neighborhood that's quickly transitioning to residential. It's immediately north of Bonnies Landing, one of two residential subdivisions in development by CBD Real Estate Investment LLC for a combined 553 lots.
Cassidy has several more projects in development:
Last September Davenport approved Citrus Crossing, a 182-lot subdivision on 43 acres on Forest Lakes Drive, just east of U.S. 27.
In February the developer filed a revised residential site plan with Polk County for Madison Place, a 346-unit townhome community on the U.S. 27 corridor, across from Heart of Florida Regional Medical Center.