The firm's parent company is
Officials have not decided whether the project would be residential, commercial, or mixed use,
"We are in the early stages (of) developing a conceptual plan for the property that will incorporate the property's natural features as well as the historical and cultural features of
He said company officials chose the area for its growth potential.
Both parcels are zoned agricultural at 2.5 units per acre.
"Although we do not have a proposed plan for the property, it is likely that the future use will be something other than agricultural," Sebesta wrote. "However, until that process is complete, we intend to continue with the current agricultural use."
Meanwhile, the firm is selling lots to private foreign investors, according to documents filed with the
Walton has divided the lots among more than 1,000 private investors but the firm retains a 5 percent ownership stake, records show.
The firm will act as the project's operator. The individual, mostly foreign investors do not have the right to live on or sell the land, records state.
Before development can occur, Walton officials would have to choose whether the project would be in
"In all likelihood, the parcel in the county would be annexed into the city of
Fort Pierce Planning Manager
"We welcome development on that parcel and will work with them to provide the support they need for a successful project," Grohall wrote Friday in an email.
"Walton is a buyer of acreage. What they like to do is buy large tracts of land and develop it, putting in infrastructure and whatever is needed to make it a livable community," Schroth said.
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