At a time when builders all across the country are experiencing significant losses, I guess it isn't surprising that Lennar has sold all its interests in the Epperson Ranch Wesley Chapel project. The Tampa Tribune reports the 1,742 acres and the 3,905 homesites that Lennar recently secured with Pasco County and regional planners have been sold to Metro Development Group.

The project commitments for the realignment of Curley road and the Town Center pass on to Metro.

Additionally, the "silence has been deafening" on the residential portion of the approved massive 5,000 acre Wiregrass Ranch project in Wesley Chapel. The commercial development of the Shops at Wiregrass is progressing and I am usually very surprised at the progress when I stop by.

It also has been a while since I have heard anything regarding the 2,000 acre residential development of Bella Verde in nearby San Antonio, FL.

Lastly, Coldwell Banker recently quietly closed its Tampa Palms office in New Tampa.

Once we get through this downturn, some of these projects are poised for quick development, since the approval process can take years.  Much of that is behind them.

Russ Perlowski:  Selling Homes in Tampa, Land O Lakes, and Wesley Chapel, FL