MMI DEVELOPMENT Anatomy of a Deal: How Mike Wright saw gold in a Maitland trash dump (Pt. 1) Written by: Bob Moser, Contact Reporter, GrowthSpotter Orlando’s ultimate contrarian buyer, Michael E. Wright of MMI Development saw potential during the depths of the recession in land serving as an illegal dump along Maitland Boulevard, and expressway frontage landlocked in Apopka. Patience and foresight would lead him to buy eight parcels from 27 stakeholders over an eight-year period, with roughly 150 acres assembled between the two sites. He spent more than $7.1 million on deeds alone, and is investing millions more in public infrastructure and wetlands mitigation. How he acquired the land, and jumped through a seemingly endless array of government hoops to rezone and entitle it, is a compelling real estate story. This is Part I of GrowthSpotter‘s two-part Anatomy of a Deal series. Read the rest of this story at GrowthSpotter, and learn who introduced Wright to the land opportunity in Maitland, how he came to meet a now trusted government advisor, and how five wildly different parcel acquisitions were negotiated with unique sellers. MMI DEVELOPMENT PARTNERS At MMI Development, we know that success depends on the right partnerships. We’re uniquely positioned in the industry because of our resources. Below are the architects, engineers, and other development professionals with whom we partner to deliver the best results. Equity Partners Patoka Capital Galaxy Realty Capital, LLC Six Pines Realty Federal Capital Partners Lender First Green … Learn More MMI LATEST NEWS Written by: Bob Moser, Contact Writer, GrowthSpotter When Winter Park-based MMI Development broke ground this month on a 272-unit first phase of … Read More Written by: Bob Moser, Contact Reporter, GrowthSpotter Orlando’s ultimate contrarian buyer, Michael E. Wright of MMI Development saw potential … Read More MMI COMPLETED PROJECTS Our partners have relied on MMI Development because of our high ROI, effective process for project completion, and solid track record for success. In addition to successfully completed projects, we have paved the way for enhancing development as MMI … Learn More Copyright 2021 ● MMI Development ● 100 E. Pine Street, Suite 110 Orlando, FL 32801 ● 407-385-0664