BRD Announces Sale of Belleview Property in Central Florida

Blue River Development (BRD) is pleased to announce the successful sale of the Belleview property, an 85+ acre development located on SE 92nd Loop just outside of Ocala, Florida. The property closed on September 7 and was sold to a local developer.

Blue River Development discovered Belleview 13 months ago and began the intricate process of rezoning, working closely with local authorities and surrounding homeowners’ associations to create a development that was a perfect fit for the area. “We couldn’t have made this happen without the support of the team at Blue River Development,” remarked Kevin Connelly, a strategic partner with Blue River Development, acknowledging the crucial support received during the rezoning and design phases. The team effort included Michael Meshkaty, a BRD strategic partner who also specializes in due diligence and Dawson Ransome, CFA, a local partner and investment manager who both worked closely with all parties to assure the success of this project.

“The project was an enriching experience. Our ability to navigate complex rezoning issues and collaborate effectively with Marion County and the surrounding communities has resulted in a development that complements the area,” said Blue River Development Managing Principal Michael Cooper. “This sale is a testament to our team’s commitment and expertise in transforming a vision into reality.”

Belleview will feature 302 single-family lots, ranging from 40 to 50 feet, with homes varying between 1,500 and 1,800 square feet. Aimed at providing affordable housing options from the $290,000s, the community includes extensive amenities, including a walking trail, dog park, pickleball courts, clubhouse, pool and abundant green space. An extra-large buffer on the east side of the property has been established to provide harmony with the adjacent Leeward Ranches community.

Commenting on the growth in the region, Blue River Development Managing Principal Brad Cooper said, “The Ocala area is experiencing significant development, and projects like Belleview are pivotal in meeting the growing demand for attainable, high-quality housing. This sale reflects our ability to adapt and improve projects to benefit communities.”

Blue River Development continues to explore and work on several other deals in the Ocala market, reinforcing its dedication to developing properties that meet modern homebuyers’ needs while positively contributing to the local community.

The Blue River Development team has over 23 years of experience developing and acquiring nearly $3 billion in residential, multifamily and retail projects. The firm’s achievements are driven by its ability to provide and catalog the most up-to-date market intel and execute on that data and its accountability to clients and investors.

For more information, visit www.BlueRiverDevelopment.com.

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