See who just bought 20 acres next to The Villages

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

An out-of-state multifamily developer has purchased nearly 20 acres in Lake County adjacent The Villages.

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Evolve Fruitland LLC, a subsidiary of Greensboro, North Carolina-based Evolve Cos., paid $4.5 million — or roughly 230,770 per acre — to T.D. Burke, a private property owner, for the pair of parcels at 305 County Road 466A in Fruitland Park, just east of the Publix-anchored Colony Plaza in The Villages.

The transaction closed April 25 and posted to Lake County public record April 28.

Click here to read the full story on the Orlando Business Journal’s website.

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