James A. Jones Jr. | Business Observer
Lakewood Ranch
The Kolter Group of West Palm Beach recently paid $12.5 million for 250 acres of Lakewood Ranch land, where it plans to build a 55-plus gated community called Cresswind.
It would be the second age-restricted community at Lakewood Ranch. The first is Del Webb, located on State Road 70. The $24 million that PulteGroup paid Schroeder-Manatee Ranch in 2014 for 643 acres made it the largest land buy in Manatee County that year.
In April, Manatee County Commissioners unanimously approved plans for Kolter Group’s Cresswind, a gated community within Schroeder-Manatee Ranch’s Northeast Quadrant, the Bradenton Herald previously reported.