Lennar marketed hundreds of loads for its Siena Reserve progress in Kendall to its go-to land bank spouse for $15.7 million.
Information demonstrate Lennar Properties marketed the land to its affiliate, AG EHC II Len Multi Point out 4 LLC, a Delaware entity connected to a actual estate fund managed by Angelo Gordon. Adam Schwartz and Josh Baumgarten direct New York-based mostly Angelo Gordon, which has acted as a land lender for Lennar on other South Florida tasks.
The homesites are in Lennar’s grasp-prepared Siena Reserve local community in Kendall, adjacent to South Dixie Freeway. The neighborhood includes one-family members properties and townhomes, with a few-, 4-, and five-bed room floor programs ranging from 1,300 sq. feet to 3,200 square ft, according to Lennar’s internet site. Price ranges start at $446,000 and go up to $710,000.
Features in Siena Reserve will include things like a pool, clubhouse, playground and health middle. The project is partly pre-offered and is beneath construction.
Miami-based mostly Lennar is just one of the most important homebuilders in the region. Stuart Miller, govt chairman and co-CEO, and Jon Jaffe, co-CEO and president, lead the firm. In August, Warren Buffet invested $814 million in a few homebuilders, which include Lennar.
The prolific builder’s pipeline of South Florida jobs features townhouse developments, one-spouse and children residences and “agrihoods.” Lennar gained the rezoning for a 50-device townhome undertaking in Pembroke Pines previous thirty day period, adjacent to an present 58-townhouse job where by price ranges begin at $600,000. In October, Lennar dropped $10.2 million on extra websites for its Arden enhancement in Wellington. The neighborhood has been dubbed an “agrihood” because it incorporates a 5-acre farm with create for the people.
Also in October, Lennar proposed two household communities totaling 369 residences close to Homestead. The land for the prepared jobs is underneath contract for an undisclosed total.
