By HILLARY COPSEY
PORT ST. LUCIE — Centex Homes has purchased for $110 million the LTC Ranch, a 2,000-acre tract annexed into the city in 2002 amid controversy over Port St. Lucie's sprawling growth.
The Dallas-based company plans to revive the original proposal for the land and build North Pointe, a mixed-use community south of Midway Road and west of Glades Cut-off Road.
North Pointe will include as many as 4,000 housing units, including single-family homes, condominiums and townhouses. It also will include nearly 2 million square feet of industrial space, and as much as 725,000 square feet of retail space, Centex said in a news release on Monday.
Centex paid LTC $110 million for the property on March 8, according to records filed with the St. Lucie County Clerk.
Centex representatives were not available for comment on Monday.
At least one City Council member worried that the city needs commercial and retail development more than new homes.
"Do we need more houses now?" Councilman Christoper Cooper said. "We don't." Port St. Lucie riled St. Lucie County officials when it annexed the LTC Ranch in 2002 because it crossed the Urban Service Boundary, a dividing line between heavy development in the east and open, agricultural space in the west. At the time, City Manager Don Cooper said the boundary was a county line and therefore not the city's concern.
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