Pulte Homes pulls out of Wiregrass

Years ago and in a much better residential real estate market, this sign announced the first of homes to be built in Wiregrass Ranch with "coming soon".  Well partners, James Thorner, real estate expert for the St. Pete Times reports that Pulte Homes sold off its 800 acres in Wiregrass Ranch to developer Bob Sierra at the end of December.  Thorner reports that Pulte paid $12.8 million for the 800 acres in 2004 with plans to build 2,000 homes in the massive planned 5,000 acre community of Wiregrass.  No homes were built on the land and Pulte reportedly sold it for $5 million.  No information was provided on when and if Sierra may choose to start development of this ranch land.