LAND O’ LAKES — Most of the final portions of the Bexley family holdings has hit the market with a Canadian-based real estate firm tasked with selling 6,400 acres southeast of the Suncoast Parkway interchange at State Road 52 in central Pasco County.
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The property, rebranded as Angeline after one of the family’s corporations, carries no development entitlements and is separate from the Bexley Ranch South and North master planned developments rezoned earlier this year by Pasco County.
Combined, those projects — stretching across 7,100 acres from State Road 54 north beyond Tower Road — could bring more than 13,000 homes, 1,100 apartments, 1 million square feet of offices and 390,000 square feet of commercial space. Bexley South already is being developed by Newland Communities on 1,700 acres north of SR 54.
Further north, however, state road-building plans are making the area more attractive for development. The Florida Department of Transportation plans to widen SR 52 from two to six lanes, between the Suncoast Parkway and U.S. 41, and rebuild the SR 52/U.S. 41 intersection beginning in 2018. The 6,400-acre Angeline land sits south of that road network and is bordered by the CSX Corp. rail line on the east and the Suncoast Parkway on the west.
Avison Young, based in Toronto, is marketing the land, with no asking price, to developers and investors.
“With commercial and residential development picking up in the immediate vicinity, the land asset poses a unique prospect for an investor/developer to capitalize on the demand for lifestyle amenities,” Michael T. Fay, managing director of Avison Young’s Miami operation, said in a released statement.
The property had been named after the late S.C. “Bud” Bexley Jr., a Pasco County ranching pioneer, whose family once owned 15,000 of acres west of U.S. 41. He died in 2003. The northern most portion is now being marketed as Angeline to avoid confusion with the developments carrying the family name.