Burnt Store Rd., Punta Gorda, FL
The Punta Gorda Reserve site consists of 78.86 acres located in Punta Gorda, Florida, with frontage along one of the last remaining growth corridors in Southwest Florida, Burnt Store Road. The property is zoned as a residential planned development with approvals for up to 392 residential units. Punta Gorda Reserve is permitted by the South Florida Water Management District (SFWMD) and U.S. Army Corps of Engineers. It is located within the designated Urban Service Area and part of the Burnt Store Utility Improvement Initiative to expedite municipal utility service to site. The purchase also included 385 paid Transfer of Development Units (TDUs), valued as high as $10,500 per unit or $4,042,500 in peak years.