ACCESS Newswire
24 Nov 2022, 02:43 GMT+10
ORMOND BEACH, FL / ACCESSWIRE / November 23, 2022 / Geosam Capital is pleased to announce the sale of its planned 482-unit single-family residential subdivision, Colbert Landings, located in Palm Coast, Florida to Meritage Homes and Taylor Morrison.
The 293-acre property was acquired by Geosam in November 2020. During its ownership, Geosam worked closely with the City of Palm Coast, Flagler County School Board, St. Johns River Water Management District, Florida Department of Environmental Protection, among other agencies to plan and secure entitlements, permits and approvals for this development.
Geosam committed to preserve via a perpetual conservation easement, approximately 140-acres of pristine wetlands and uplands on-site. In addition, Geosam contributed to the cost of maintaining approximately 30-acres of wetlands off-site.
Future Colbert Landings residents will enjoy easy access to public amenities including major retailers, charming beachfront, golf clubs and state parks. Located just off I-95, the community is conveniently located 5 miles from Flagler Beach, 25 miles from St. Augustine, 35 miles from Daytona Beach and 55 miles from Jacksonville.
'Colbert Landings is a very exciting project, well-situated in Palm Coast, Florida. Securing all municipal approvals, consistent with our business plan, this turned out to be a very successful investment for Geosam, and we are proud of our team and our execution,' said Martin Pham, Chief Investment Officer at Geosam. 'We look for every opportunity to strengthen our portfolio while bringing people together to build more inspiring, sustainable communities. Meritage Homes and Taylor Morrison are excellent homebuilders, and we know the property will continue to thrive under their stewardship.'
About Geosam Capital
Geosam Capital is a private investment firm, focused on real-estate development and fostering sustainable community growth. Established 10 years ago, we are a family-owned company that creates long-term value, concentrating primarily on investments across the southeastern United States, with offices in our core markets: Florida, Georgia, Texas and North Carolina. Our current body of work includes master-planned subdivisions, residential, commercial, and mixed-use development (horizontal & vertical), single-family rentals (SFR), build-to-rent (BTR), property management, conversion (adaptive reuse), and more. Since inception, we have developed over 10,000 residential lots and have over $1 billion worth of projects completed or under development.
For more information, please contact Geosam Capital Announces Sale of Planned 482-unit Single Family Subdivision in Palm Coast, FL.
SOURCE: Geosam Capital US
Get a daily dose of Phoenix Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Phoenix Herald.
More InformationWASHINGTON, D.C.: With flight delays rising and aviation safety under scrutiny, the U.S. government is preparing a sweeping modernization...
WASHINGTON, D.C.: The U.S. National Transportation Safety Board (NTSB) has called for urgent safety checks on 68 bridges, including...
WASHINGTON, D.C.: U.S. Interior Secretary Doug Burgum has announced plans to open more land for oil and gas drilling in Alaska and...
WASHINGTON, D.C.: Ten Democratic lawmakers in the U.S. House of Representatives have asked the Pentagon to reduce military training...
TORONTO, Canada: An initial investigation into last month's dramatic Delta Air Lines crash-landing in Toronto has revealed that the...
NEW YORK CITY, New York: New York State's highest court has struck down a law this week that would have allowed over 800,000 legal...
STANSTEAD, Quebec: U.S. authorities have decided to end a long-standing unwritten rule that allowed people from Stanstead, Quebec,...
NEW YOKK, New York - U.S. stocks fell sharply Wednesday with tech stocks, mainly those associated with AI, taking the brunt of the...
TORONTO, Canada: As the threat of U.S. tariffs looms, Canada is looking inward to strengthen its economy by removing domestic trade...
NEW YORK CITY, New York: StubHub is getting ready to hit the trading floor. The popular ticketing platform has officially filed to...
NEW YORK, New York - The rally in U.S. stocks petered out Tuesday, however tech stocks made a modest gains, while the industrials edged...
CALGARY, Canada: Canada's carbon pricing policy, long a central pillar of its climate strategy, is facing mounting pressure as political...