The Real Deal Miami

13th Floor affiliate to build 225 homes in Broward

Group purchased land for $7M

June 18, 2015 04:01PM

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Michael Nunziata, division president of Central Communities

Michael Nunziata, division president of Central Communities

Central Communities, the homebuilding division of the Miami-based developer 13th Floor Investments, has announced plans to build 225 homes in Tamarac.

The company’s announcement comes days after it purchased the 33-acre site of their planned community for $7.1 million, county records show.

The seller, Landstar Homes, had purchased the property for an unknown amount with plans to build its own housing community. Landstar was in the midst of seeking approvals in 2014, when its plans apparently fell through, according to a press release.

“As homebuyers increasingly come off the sidelines, they will continue to seek new homes close to city centers,” said Michael Nunziata, division president of Central Communities, in a statement. “This most recent acquisition was a natural extension as we continue to meet this strong pent up demand for quality built new homes at attainable prices.”

Central Communities’ newest project will have a pool facility, park for small children and a walking trail around its perimeter.

The company is also building Central Parc and Central Parc South to the east, with a combined 490 single-family homes. So far Central Parc has sold 150 of its 253 homes since it launched sales in June 2014, and Central Parc South is expected to start selling early next year.

13th Floor is in the process of negotiating contract terms to build a huge mixed-use development alongside the Douglas Road Metrorail Station. The company, led by Arnaud Karsenti, has invested more than $1 billion in South Florida, according to its website. — Sean Stewart-Muniz