PulteGroup scooped up 83 homesites at the Avenir grasp-planned community in Palm Seaside Gardens.
The Atlanta-centered homebuilder, by its DiVosta Properties manufacturer, compensated $8.3 million for the a lot alongside Northbrook Circle and Hubbard Court docket, according to documents. The homesites are upcoming to Pulte’s Avondale at Avenir neighborhood, a 390-unit solitary-relatives home enhancement.
The vendor is Coral Gables-based mostly Landstar Enhancement Team, the learn developer of Avenir. The business is led by principals Rudy Stern, David Serviansky, Roberto Horwitz, Eduardo Stern, Bernard Eckstein and Rosa Eckstein Schechter.
The 4,800-acre Avenir is accredited for the enhancement of a overall 3,900 household models, mostly single-loved ones houses a 300-essential hotel 200,000 sq. ft for clinical places of work 400,000 sq. toes of retail space and a 2,400-acre character protect. It also has a Jack Nicklaus-intended residential golfing local community, called Panther Nationwide.
Avenir is on the northwest corner of Northlake and Coconut boulevards.
Pulte, led by CEO Ryan Marshall, has positioned a hefty guess on Avenir, scooping up and developing many portions of the sophisticated. In 2022, it purchased 80 homesites for $8 million. Pulte also assembled the Avondale at Avenir growth internet site in numerous bargains, like shelling out $13.7 million for 98 Avondale a lot in 2021.
Avenir has caught the eyes of multiple homebuilders. Delray Beach-dependent Kolter Group, as a result of its Kolter Residences division, purchased 481 homesites on the northwest corner of Avenir for $73.6 million in January. That came on the heels of Kolter’s $18.1 million order of 144 single-family members household loads final year.
Also, West Palm Beach front-dependent Kenco Communities dropped $17.9 million in December for 104 property tons at Avenir.
