For $41 million, Lennar Homes acquires 130 acres in Hialeah, very close to the future American Dream Mall, which will be the largest shopping center in the United States. Miami-Dade Records show that the sellers are two limited liability companies headed by Betty L. Dunn. A large landowner also sold 143 acres next door earlier this month to the same Lennar group.
There is no record of funding for the bids. The land in Hialeah is zoned for agriculture and includes two large lakes. The land is located east of I75, at NW97th ave and NW 154th street.
In early January, Lennar paid $74.4 million for the 143-acre Miami Lakes site for the construction of Royal Garden Estates, a 505-home community with 267 single-family homes and 238 homes.
With this purchase, there are already 273 acres purchased by the construction company for a total of $ 115.4 million in the month of January in this area.
The grounds are located near the future headquarters of the largest shopping and entertainment complex in the United States. American Dream Miami. Iranian-Canadian developer Eskandar Ghermezian plans to build American Dream Miami on more than 200 acres of land that were formerly cattle fields in Miami Dade County.
According to a 2005 article in the Miami Herald, Lennar is one of the largest owners of local farmland, in South Florida, on a list that includes Shoma Homes. In December, Lennar bought a stake in Bonterra, a BBX Capital development site in Hialeah. The Miami-based homebuilding company paid $24 million for the 36-acre land to develop more than 460 homes, townhomes and villas. And last week Lennar shelled out another $34 million for 151 acres in Royal Palm Beach for another development of about 385 single-family homes.
More information: https://therealdeal.com/miami/2016/01/26/lennar-adds-to-area-holdings-with-41m-land-buy-in-hialeah/