The owner of manufactured home communities has paid $3.9 million for 95 acres in Palmetto, Fla., where a recreational vehicle park had been planned, the Herald-Tribune reported.
A company headed by Edward G. Zeman, head of Chicago-based Zeman Homes Inc., bought the five vacant parcels.
The seller, a company owned by Sarasota developer Edward T. Rymer, acquired the land last year for $2.35 million.
Rymer, along with RV industry consultant David Gorin, announced plans last summer to build a 450-site RV resort on the property called Bayside Lake RV Resort. They had previously partnered to develop Holiday Cove, a 97-unit condo RV resort in Cortez.
Bayside Lake was planned as a rental park that would surround the 30-acre lake.
Zeman, which says it is one of the largest privately owned operators of manufactured home communities in the country, manages the Buttonwood Village and Lakewood Village mobile home parks in Punta Gorda. It says it owns more than 10,000 mobile home sites in six states.
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