NAVIGATION

July 28, 2016

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

Professors train local police
Professors train local police

Police departments have reached out to FIU’s Department of Communication, in the College of Communication, Architecture + The Arts, to create programs that facilitate more effective communication between officers and the South Florida community. 

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Florida regulators have approved new water quality standards that they say will give them more control over chemicals in our water supply. But - the new standards allow more cancer-causing toxins into water systems. Your opinion?

  • I oppose the new water standards
  • Unsure
  • I support the new water standards

See Results

Ballot Box
Subscribe