The $110 million sale of a large tract in Central Florida is expected to lead to future development in one of the fastest-growing areas of the country.
Richland Investments of Tampa bought the 3,229-acre South Lake Toho site in Osceola County, Florida, in December from Bronsons LLP of Kissimmee, Florida, according to CoStar data.
The deal has earned a 2025 CoStar Impact Award for sale/acquisition of the year for Orlando as judged by real estate professionals familiar with the market.
Located near Walt Disney World, the site is part of the Orlando metropolitan area, which ranks as the nation's fourth-fastest-growing region, according to the latest U.S. Census data. The property offers zoning for commercial, industrial and residential uses.
About the project: With available land increasingly scarce, the site represents a rare opportunity for residential and mixed-use development.
What the judges said: Judges praised the overall transaction size and the effect it will have on the community. “This sale is about creating a brand new market area, leading the way for other developers to follow,“ said Laura Carroll, real estate division manager for the city of Orlando.
"A large tract of land like that will have the ability to change the landscape of the region,” said Trey Vick, CEO of V 3 Capital Group.
They made it happen: Dean Saunders, founder and managing director for Saunders Real Estate, and his colleague and senior adviser Dusty Calderon represented both the buyer and seller.