Lowndes represented Waterman Communities Inc. in Lake County’s issuance of $126,340,000 of Retirement Facility Revenue bonds for the development of Lakeside at Waterman Village, a $126-million expansion of the Waterman Village retirement community in Mount Dora, Fla. Located on 27 acres surrounding Lake Margaret on North Donnelly Street, the project will include a total of 183 brand-new residences, consisting of 159 independent living units and 24 memory support units.
Groundbreaking for the expansion project was held in October 2020, with construction expected to be completed by early 2022. The expansion will include several buildings with condo-style homes and single-story villas, as well as a clubhouse with dining venues and fitness areas.
The Lowndes team representing Waterman Communities was led by Real Estate Department Chair Daniel McIntosh. He was assisted by Emmett Egger (real estate), Mark Heimendinger (banking and finance) and Michael Gibbons (construction). The team will continue to assist with development and construction of the expansion project.
Founded in Orlando, Florida in 1969, Lowndes, Drosdick, Doster, Kantor & Reed, P.A., is a multi-discipline business law firm. Our attorneys represent corporate, entrepreneurial and individual clients across a myriad of industries locally, nationally and beyond our borders, from offices in Orlando, Mount Dora and Melbourne, and through Meritas, an established global alliance of independent law firms offering local insight, local rates and world-class client service. LOCAL ROOTS. BROAD REACH.SMSM