Located in Groveland, FL and on the same Lake Catherine as Friendly Capital’s ‘Lago Katrina’ subdivision, is another development project that Friendly Capital named Katrina Shores. This 16.05 acre site of raw land and former orange grove has been engineered and received Preliminary Site Plan approval from the City of Groveland, FL. Katrina Shores will accommodate 59 single-family lots, some of which will be lakefront, along with a common area dock for all homes to have lake access.
We hope to commence construction on the subdivision improvements (roads, sidewalks, fire systems, utilities) in July/Aug 2016 and are speaking with national home builders to purchase Katrina Shores as a Finished Lot subdivision.
Friendly Capital expects their investors to achieve a 15%+ IRR.