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Florida & Gulf Coast  + North Florida  + Apartments  |  November 13, 2019
David Cohen
By: David Cohen

Colliers Arranges $7M Sale of MF Development Site in Gainesville

The Drotos Ryals Team of Colliers International has arranged the $6.7-million sale of a multifamily development site in Gainesville.

Located at 12019 W. Newberry Road, the site will be developed into a 300-unit multifamily site that will be called Newberry Park. The development was approved under Alachua County’s Traditional Neighborhood Development (TND) ordinance. The property has also been approved for up to 150,000 square feet of commercial development. Groundbreaking is slated before the end of this year.

Dan Drotos, Rory Causseaux and Mike Ryals of Colliers represented the seller, Parkwood Alachua Land Investments, in the transaction. The buyer was not disclosed.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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