NAVIGATION

October 19, 2017

Profile and Update

Citrus Grower Callery-Judge Grove

Investors might have an exit strategy.

Mike Vogel | 6/17/2011

LOXAHATCHEE — A few times in recent years, the 200 investors behind citrus grower Callery-Judge Grove, in business since 1962, have nearly realized an exit strategy from the 3,900-acre property. One plan called for putting 10,000 homes there, but local government opposed that. Smaller projects never got off the ground. Now, investors face a different exit —? a foreclosure suit filed by Prudential. General manager Nat Roberts says the mortgage is a long-standing agricultural loan that matured. Citrus disease, the real estate market and other issues have complicated refinancing. Roberts says he's confident the loan will be restructured successfully.

Tags: Southeast, Agriculture

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Florida's next Governor might have one big hurdle to jump through; how to travel around the state
Florida's next Governor might have one big hurdle to jump through; how to travel around the state

The misuse of state airplanes was an issue in the 2010 Governor's Race and because of it, the next governor faces a quandary when it comes to traveling the state.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Are the mysterious attacks on the U.S. Embassy in Havana deterring you from visiting Cuba?

  • Yes
  • Somewhat
  • No
  • N/A not considering a visit anyway

See Results

Ballot Box
Subscribe