Atlanta-based Blue River Development Seeks Florida Land Deals

Staff Report

Friday, August 11th, 2023

Atlanta-based Blue River Development, LLC announces its expansion into Florida, aiming to acquire 2,000 lots over the next 24 months. Managing Principal Michael Cooper states, “Our focus strategically targets the I-4 corridor, stretching from Tampa to Orlando and up through Jacksonville. Another major focus is the I-75 corridor, starting in Tampa and reaching through The Villages into Ocala. Furthermore, we will expand to the south, targeting key areas such as Clearwater, St. Petersburg, Sarasota and Fort Myers.”

“This strategic expansion into these corridors and cities holds great potential for our company's growth and market presence,” said Michael Cooper.

"With 1,000 people moving to Florida a day, this steady influx of new residents presents a unique opportunity for strategic development," said Michael Meshkaty, Strategic Partner at Blue River Development. "We are excited to enter these growing markets and leverage our expertise to meet the high demand for residential properties."

Blue River Development is aggressively looking to acquire properties at various stages of development — from raw land to entitled or developed lots. 

“The counties we are focusing on include Hillsborough, Hernando, Pinellas, Pasco, Sarasota, Polk, Citrus, and Manatee Counties,” said Meshkaty.

Blue River's land acquisition strategy focuses on single-family residential properties, including detached homes and townhomes. Multi-family and mixed-use projects with a residential focus are also attractive. 

“Projects of interest will range from a minimum of 50 lots to a maximum of 300 lots,” said Michael Cooper. We are actively seeking off-market, organically sourced properties and active listings. In addition, we are diligently pursuing all public records for imminent residential land entitlements.

"We are not just a one-note company. Our diverse portfolio and knowledge are adaptable to various market conditions and opportunities," said Brad Cooper, Managing Principal at Blue River Development. "Our aim in Florida, as in all our markets, is to deliver value to our investors and the communities in which we work."

This aggressive yet strategic expansion cements Blue River's commitment to maximizing investment opportunities and illustrates its adaptability in an ever-changing real estate market.

The Blue River Development team has over 20 years of experience developing and acquiring nearly $2 billion in residential, multifamily and retail projects. The firm’s achievements are driven by its ability to provide and catalog the most up-to-date market intel and execute on that data and its accountability to clients and investors. 

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