DIX Developments Expands Footprint with Citrus County Acquisition
Deal News | Apr 03, 2025 | EIN
DIX Developments, through its affiliate Lecanto 166 Property Group, has acquired 169 acres in Citrus County, Florida, as part of their expansive land acquisition strategy. This land forms one of the three parcels for the planned community named The Crossings, which has entitlement rights for constructing 485 residential units. The development will include residential lots and 25 acres designated for commercial and professional services along Highway 491. With sustainable design considerations, including open space preservation, the project addresses the region's needs for residential and commercial development. This acquisition is part of DIX Developments' larger strategy to expand across Florida's development landscape. The company recently finalized over $83 million in land acquisitions within the state, aiming to double its lot development by year-end. DIX Developments, led by CEO James Dicks, is a comprehensive development firm focusing on residential and commercial projects throughout Florida.
Sectors
- Real Estate Development
- Residential Construction
- Commercial Real Estate
Geography
- United States – The article focuses on land acquisition and development in Florida, highlighting activities within the United States.
- Florida – The acquisition and proposed developments by DIX Developments are specifically located in Citrus County and other areas across Florida.
Industry
- Real Estate Development – The article discusses DIX Developments' acquisition of land for a residential and commercial project, highlighting their involvement in real estate and community planning.
- Residential Construction – The mention of the planned development of 485 residential units indicates involvement in the residential construction sector.
- Commercial Real Estate – The project includes plans for commercial spaces, placing it within the commercial real estate industry.
Financials
- $83 million – Amount closed in recent land acquisitions by DIX Developments across Florida within the past 45 days.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DIX Developments | Bidding Company/Buyer | Company | A fully integrated development company specializing in residential and commercial projects across Florida. |
| Lecanto 166 Property Group | Affiliate of DIX Developments | Company | Affiliate involved in the acquisition of land for DIX Developments’ project. |
| James Dicks | Manager | Person | Manager at Lecanto 166 Property Group, involved in acquisition and project planning. |