Lake District developer files bankruptcy
The developer of The Lake District filed reorganization bankruptcy on Friday, avoiding a foreclosure auction on the Lakeland development.
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The developer of The Lake District filed reorganization bankruptcy on Friday, avoiding a foreclosure auction on the Lakeland development.
The first tenants of the 160-acre mixed-use development in Lakeland should begin moving in toward the end of the year, some of them in Phase 1 available for holiday shoppers.
Locally owned Frost Bake Shop will open its third location in The Lake District, the latest business to claim a spot in the mixed-use development.
Both of the new spots will open next spring or summer.
The Lake District featured the potential townhomes on Sunday afternoon, an early residential aspect of the 160-acre mixed-use development in Lakeland.
Developer Yehuda Netanel gave Lakeland officials and the media an update on the 165-acre, $400 million mixed-use Lake District project that officially began Phase 1 grading work Tuesday.
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