Shady Hills Rd, Spring Hill, FL, 34609, US

Shady Hills Land

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Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire the County Line & Shady Hills Land Site (the “Property” or “Site”), a ±12.58-acre development site located in Pasco County, Florida, a rapidly growing suburb of Tampa which has experienced 37.4% population growth since 2010, characterized by an affluent resident base with an average household income of $104,039. Strategically positioned along County Line Road just off the Suncoast Parkway, this location provides immediate access to Pasco County’s premier retail and employment centers while offering easy connectivity to Tampa’s Westshore Business District. The site benefits from proximity to key demand drivers including Tampa General Hospital Spring Hill (124 beds), Publix, Walgreens, Future Walmart Neighborhood Market, Starbucks, and numerous other amenities. County Line Road is projected to experience significant population growth, with plans for more than 1,500 townhomes and single-family houses in development. Just 14 minutes away lies Angeline, an emerging 6,200-acre mixed-use master-planned community that will feature 7,500 single-family homes, up to 6 million square feet of commercial space, extensive parks, green spaces, and a crystal lagoon. Within Angeline, the Speros FL development will host Moffitt Cancer Center’s Global Innovation Center—a massive 775-acre, 16-million-square-foot research campus projected to employ 14,000 people upon completion. The Property also sits just north of the River Reserve development site, which awaits approval for 21,000 square feet of office space, 32,000 square feet of retail and commercial space, plus residential and retirement components. With zoning already secured, this Site presents developers the opportunity to commence construction quickly to capitalize on the extraordinary growth anticipated throughout the immediate area.

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OPPORTUNITY TO DEVELOP A MULTI-FAMILY COMMUNITY OF MEANINGFUL SCALE

This exceptional development opportunity comprises 12.58 acres strategically located at the intersection of County Line Road and Shady Hills. The site features robust development potential for 301 multi-family units, with the added advantage of offsite retention already provided. This property represents a rare opportunity to establish a significant multi-family presence in a location poised for continued growth and appreciation.

HIGH-GROWTH ECONOMY

After nearly doubling its resident base since the start of the century, Pasco County has been focused on attracting employment to the area to shift from a commuter market to a destination where its residents can live, work, and play. These efforts have been exceedingly successful with a number of large-scale employers in healthcare, logistics, and financial services setting up shop in Pasco County. The most notable recent announcement is that of Moffitt Cancer Center, one of the nation’s premier cancer research institutions, which recently broke ground on Speros FL, a 775-acre research campus that will employ 14,000 people at full build-out. The Site stands to benefit from this massive project, owing to its location just minutes from the new campus.

STRATEGIC AND CONVENIENT LOCATION

The Property occupies an exceptional location in immediate proximity to numerous recession-resistant demand drivers, including healthcare facilities, educational institutions, and recreational amenities. Positioned strategically just north of SR-52 and west of the Suncoast Parkway, the Property affords convenient access to Tampa southbound, Wesley Chapel to the southeast, and New Port Richey and Gulf of Mexico coastal areas westbound— all accessible within a 40-minute drive radius. Furthermore, the Site Shares intersection with Publix and Future Walmart Neighborhood Market. The Site is 15 minutes from River Reserve, and Angeline, while remaining approximately 45 minutes from both the Westshore Business District (102,000 employees) and Downtown Tampa (71,000 employees). These significant employment nodes additionally offer extensive retail, entertainment, and premium dining establishments throughout the metropolitan statistical area.