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The Babcock Ranch in Florida will be developed on 17,000 acres, include 19,500 residential units, 6 million SF commercial space, and aspires to be a net-zero emissions solar-powered city. The development is just a portion of a 91,000-acre parent property that was purchased by Syd Kitson and Morgan Stanley in 2006. According to Hemisphere Real Estate, “Among the property’s assets are: an active rock mine with permits to mine until the year 2030; a 10,000-acre watershed that can pump 70 million gallons of freshwater per day; and a wilderness tour facility with approximately 50,000 visitors per year.” Developers hope to make this a demonstration model for future developments throughout the country. Babcock Ranch will have an integrated ‘smart grid’ that lets power users monitor and control their energy consumption. Subject to approvals, ground-breaking will take place in late 2009. See the Jocks as Eco Activists article for more information about the people behind the purchase of this property. References: miamiherald Filed In: |
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