Major plans to redevelop the former Seminole Towne Center site are underway.
The Ardent Companies (Ardent), a privately held real estate firm based in Atlanta, announced it has closed on a transaction to acquire 76 acres of the Seminole Town Center site in Sanford. Ardent intends to redevelop the site into a vibrant mixed-use destination that will include new retail, multifamily and a hotel.
"We could not be more excited to become a part of the Sanford community," said Matt Shulman, CEO of The Ardent Companies. "We will work in close collaboration with the City of Sanford and other stakeholders to redevelop this site into a mixed-use district that will once again serve as an exciting hub of activity for residents and visitors. We look forward to sharing more details soon." Sanford Mayor Art Woodruff added, "The residents of Sanford, and the entire region, are excited to see the Ardent team bring commerce and vitality back to this critical economic center."
"The scope of this project will amount to the largest retail redevelopment in Seminole County's history," said Sanford Director of Economic Development, Brady Lessard. "The entire area will once again have a magnificent footprint to live, work, and enjoy visiting."
The Seminole Towne Center redevelopment is a long-term investment for Ardent, reflecting its proven track record of deploying creative solutions to revitalize distressed assets.
To learn more about Ardent, visit theardentcompanies.com.
Ardent operates as a privately held real estate firm focused on opportunistic and diversified investment strategies. With significant industry experience and a demonstrated track record, Ardent leverages its established relationships and capital flexibility to attain a diverse set of risk-adjusted investments. The firm pursues opportunities with an innovative and disciplined approach, making material investments together with our limited partners for maximum alignment. As the firm continues to build upon its infrastructure, portfolio, and footprint, Ardent is committed to creating a positive impact on its employees, investors, and communities.
