ORLANDO—The site of a planned $100 million luxury lakefrontmultifamily community in Orlando has traded hands.Orlando-based ZOM Development and its jointventure partner AIG Global Real Estate acquired a10-acre site for $16 million.
CBRE's Shelton Granade,Luke Wickham, and Justin Basquillrepresented the seller, Baldwin Newco, in thetransaction. The property is located at 1711 and 1887 Jake Streetin Orlando's affluent Baldwin Park submarket.
“Baldwin Harbor is the last multifamily development site in oneof Orlando's most desirable neighborhoods, Baldwin Park,” Granade,executive vice president of CBRE capital markets, multifamily,tells GlobeSt.com. “The offering attracted very stronginstitutional interest, and the project should generate the bestrents in town outside of downtown.”
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