Lennar is expanding its presence in south Miami-Dade County with two new housing developments.
What to expect from these projects: The first development will have 158 condos in two-story buildings and 97 single-family homes, while the second development will have 114 condos.
Location, location, location: The two developments will be located at the northeast corner of Southwest 232nd Street and Southwest 112th Avenue and at 12420 and 12400 Southwest 248th Street in the Princeton neighborhood, both in Miami-Dade County.
Lennar, being a Miami-based home builder, is drawn to south Miami-Dade because it has a lot of land that is less expensive than land in the city of Miami.
Other Lennar projects in the pipeline: The company recently paid $7 million for a 40-acre development site in south Miami-Dade, where it plans to build 231 homes. They have also proposed building 150 single-family homes on 21 acres in Homestead.
Lennar's investment in south Miami-Dade is a sign that the area is becoming more popular with homebuyers. Only this month, the company spent $7 million in a 40-acre development site between Southwest 336th and 240th street, with plans for 231 homes.
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