Almost 1,000 acres for sale in rural Collier County

Brokers have circulated an offering memorandum for the HHH Ranch

Miami /
Jul.July 22, 2017 04:30 PM

The owners of nearly 1,000 rural acres in Collier County have circulated an offering memorandum to sell their property.

Land Solutions is marketing the partially cleared pasture land, known as the HHH Ranch, east of Collier Boulevard and north of the Alligator Alley section of Interstate 75.

The offering memo has set a deadline of July 28 at 5 p.m. for bidders to make their best offer for the HHH Ranch.

Randy Thibaut, one of two brokers marketing the HHH Ranch, told the Naples Daily News that their goal is to put the property under a sale contract by the end of August.

The offering memo lists residential development options for the land, one with 342 houses and two others with more than 500 houses each, plus rental housing. The land also could be used for mining, perhaps in advance of residential development.

The land is owned by Dr. Francis Hussey Jr. and his wife, Mary Pat. In May, they proposed selling the HHH Ranch to Collier County outright. Alternatively, they also proposed transferring the land to the county but retaining limestone-mining rights.

The Florida Wildlife Federation proposed an acquisition of the HHH Ranch by Conservation Collier, a land-buying program funded by county tax revenue.

The Husseys subsequently submitted an acquisition application to Conservation Collier, in which they valued their land at $75 million – far more than the program can afford to pay. [Naples Daily News]Mike Seemuth


Related Articles

arrow_forward_ios
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...