GL Homes’ Misha Ezratti with the northwest corner of Avenir Generate and Coconut Boulevard (Google Maps, GL Houses)
GL Residences paid $35.3 million for land at the large Avenir in Palm Seashore Gardens.
The Dawn-primarily based business scooped up 337 home a lot approximately at the northwest corner of Avenir Generate and Coconut Boulevard, in accordance to data. The seller is the community’s learn developer, Avenir Advancement, which ties to Coral Gables-based mostly family members-owned organization Landstar Advancement Group.
The obtain breaks down to about $105,000 for each ton. GL Households also is on the hook to the vendor for $18,861 for each whole lot for a accomplished and sold home, data demonstrate.
Avenir is between the large blended-use communities in the functions that are incorporating one-relatives houses and industrial growth to western Palm Seaside County. In general, Avenir spans approximately 4,800 acres and has approvals for a 300-critical resort, 200,000 sq. feet for health-related offices, 400,000 sq. toes for retail, and 3,900 residential models, generally solitary-spouse and children households. The challenge involves a 2,400-acre nature preserve.
Numerous homebuilders have acquired improvement internet sites at Avenir. In October, PulteGroup paid $8 million for 80 residence tons, marking the firm’s next order at Avenir. Last 12 months, PulteGroup paid $13.7 million for the 390-home Avondale at Avenir growth website.
Centaur Holdings, a Switzerland and Bermuda-primarily based firm, is developing a Jack Nicklaus-made, 18-gap golfing system and 218 single-family members houses at Avenir. The job, known as Panther Countrywide, scored a $170 million financing package in May well.
GL Homes has now claimed a stake at other mixed-use, learn-prepared communities in Palm Seashore County. In June, the organization paid out $28.1 million for 209 homesites at Arden near Wellington.
Arden, which spans 1,209 acres on the northeast corner of Southern Boulevard and the L-8 Canal, has approval for 2,300 homes and is billed as an “agrihood” for the farming options it will present inhabitants. The growth also presents 175 acres of lakes and 500 acres of parks and playgrounds. Freehold Communities is the master developer. Lennar is among the the homebuilders at Arden, paying out $190 million for 927 home heaps in April.
Also in Palm Seashore County, Minto Communities’ learn-developed Westlake spans approximately 3,800 acres alongside Seminole Pratt Whitney Street from Southern Boulevard to Northlake Boulevard. Westlake included as a municipality in 2016.
