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(Sold) Hartwood Reserve

(Sold) Hartwood Reserve

LOCATION: Clermont, FL

  • Single family residential
  • 1 fully completed single family home, 9 partially completed single family homes and 17 fully developed lots (85’ and 55’ lots)
  • Completed amenities include clubhouse, pool, cabana, playground and weight room
  • 325-unit gated community located 30 minutes from Downtown Orlando and less than 20 Minutes from Walt Disney World.

This acquisition consists of 27 units (1 fully completed home, 9 partially constructed homes and 17 finished lots) located within a gated fully developed community. Hartwood Reserve was developed and built by a nationally recognized public traded homebuilder in 2005 and 2006. The original builder filed for bankruptcy protection in late 2007. Harvest Holdings was able to acquire the asset through a successful auction-bid process. The partially constructed homes are being finished through a joint venture relationship with an experienced local contractor, and are being marketed by a local realtor with extensive new-home sales experience. The fully developed lots are being made available on a periodic take-down basis to homebuilders with an existing area presence, with several national builders already participating. Project is expected to be completed by second quarter 2010. Contact Jennifer Grugan for more information.

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