Carter Acquires Land to Build 22-Acre Mixed-Use Project in West Downtown Lakeland
Phase I of the Transformational Project Adjacent to Bonnet Springs Park to Include Class-A Multifamily

By Post
Tampa Bay Newswire
Published: Oct 18, 2022

LAKELAND, Fl. (October 17, 2022) – 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.