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Palm Beach Post - Traditions Community & Development
A&P Companies Acquire 40-Acre Parcel in Tradition Community, Port St. Lucie County, FL
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A&P Companies Acquire 40-Acre Parcel in Tradition Community, Port St. Lucie County, FL
Bay Harbor, FL (January 8, 2007) - Atlantic & Pacific
Companies (“A&P”), one of the nations fastest growing
property development and management companies is pleased
to announce the acquisition of 40 acres of land from Core
Communities, a division of Levitt Corporation (NYSE:LEV).
The 40-acre parcel is located within the Tradition community
of Port St. Lucie County, Florida. A&P will develop a
two-phased 600-unit Class A apartment community.
Over the past decade A&P has maintained its focus of acquiring core assets in growing markets. The acquisition of the Tradition parcel and the development rights for 600 luxury garden style rental apartments is consistent with A&P’s vision of owning and managing high quality rental communities. “Tradition is a distinctive community that will certainly put the Treasure Coast on the map” says Howard D. Cohen, President of Atlantic & Pacific Companies.
“We were looking for the ideal apartment community developer and manager that would share the long-term vision we have begun to create, and in A&P we have found just that” said Wes McCurry, President of Tradition Development Company.
With offices in Bay Harbor, Delray Beach, and Tampa Florida as well as San Diego, California, A&P consistently delivers “best of breed” services that include development, property management, and brokerage services.
Since its formation in 1980, A&P has become a dominant market leader with ownership and or management of more than 14,000 residential units with more than 300 highly trained and skilled professionals dedicated to providing its clients with the finest level of support and satisfaction found within the industry. Opportunities should be presented to Randy Weisburd at rweisburd@apmanagement.net
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