PLANT CITY — A real estate investment company has plans for a residential and commercial development on 1,000 acres it bought recently just north of Interstate 4.
Walton International Group officials say they were drawn to the land by its natural beauty. Rob Leinbach, president of Walton Development and Management/North America, said the company has started planning the community but he didn’t have specifics such as how many homes might be built.
“We want to work with the community and plan something that everyone can be proud of,” Leinbach said. He said the community will be a mixed-use development that will be “a nice place to live, work and play.”
The land, which the company paid $18.1 million for, is generally south of Knights-Griffin Road and west of Charlie Taylor Road. Under previous owners, the land was approved by the city for 2,640 homes, 345,000 square feet of commercial space and 50,000 square feet of office space.
“We were blessed to be able to acquire this property,” Leinbach said.
This is the first time Walton, based in Calgary, Canada, has purchased land in Plant City although it has developments in other parts of Florida, Leinbach said.
Walton will work with local builders and other partners to develop the community.
Company spokesman Rick Abbruzzese said there’s no exact timetable for construction as Walton continues to shape its plans.
“When the market is right then actual development will start,” he said.