Lake Wire
Update
10/18/22
Developer Acquires Land for Mixed-Use Development in Lakeland for $9.925 Million
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.
