Carlyle Land L.P. 11
LaGrange, NY

A limited partnership which is under contract to purchase a parcel of land in the Town of LaGrange, Dutchess County, New York. Carlyle Associates, Inc. will act as general managing partner and developer. The land is 246 acres, and zoned for 1 acre single family residential development. The proposed plan is for 145-190 single family homes on 1/2 - 1 acre sites. The equity investment to date is approx. $6,500,000 and the cost for completion is projected at $35,000,000.