Phase I of the Transformational Project Adjacent to Bonnet Springs Park to Include Class-A Multifamily
LAKELAND, Fl. (October 17, 2022) – Carter today announces the company has acquired 22 acres fronting Lake Wire in West Downtown Lakeland. In partnership with Hunt Companies, Inc., Carter plans to build a mixed-use development near the new 168-acre Bonnet Springs Park, a nature, cultural, recreational, and educational park opening later this month. Located in an Opportunity Zone and with proximity to Lakeland’s premier entertainment venue, RP Funding Center, the project will be built in two phases. The first phase will include 300 multifamily units and 15,000+ square feet of street-level retail.
Patterson Real Estate Advisory Group assisted Carter in arranging the construction financing for the project. Citizens Bank is the lender for the development. David Bunch and Lisa Parks Abberger of Hauger-Bunch, Inc. represented the Seller.
Carter is a 64-year-old, Atlanta-based commercial real estate development company with major multifamily, mixed-use, adaptive reuse, and office projects throughout the southeastern United States. The company has major mixed-use development underway in Atlanta and Florida and has recently launched Story, a collection of new, garden-style apartment communities located in major southeastern markets. Founded in 1958, Carter has a proven history of creating value for its partners, investors, and clients. A strengths-based organization with a culture based on trust and candor, Carter’s purpose is to make a difference in the world by transforming communities and spaces so people can thrive.
About Hunt Companies, Inc.
Hunt, based in El Paso, Texas, is a diversified, family-owned holding company that invests in operating businesses, real estate assets and infrastructure assets. Since its founding in 1947, Hunt’s size and scope have grown substantially while gaining considerable expertise across multiple real asset sectors. Hunt’s reputation is built on integrity and performance. Hunt is committed to a culture of transparency for employees, clients, investors, and the communities it serves. Hunt and its affiliates employ more than 4,300 people as part of affiliated businesses throughout the world. Learn more at www.huntcompanies.com.