The Real Deal Miami

Minto starts selling final phase of 12-year-old development in Sunrise

There are 123 townhomes in the final phase of the Artesia development, which Minto began in 2004

August 14, 2016 01:30PM

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The Artesia community in Sunrise

The Artesia community in Sunrise

Minto Communities this weekend began sales of 123 townhomes at its Artesia development in Sunrise.

The 123 townhomes comprise the final phase of Artesia, which Minto has been developing since 2004. The 76-acre site of the development is just north of the Sawgrass Mills shopping mall.

Artesia has 356 condominium units and 358 existing townhomes in addition to the 123 new townhomes.

The city of Sunrise had wanted Minto to build more condominiums at the Artesia development. But Minto determined that the townhome market in western Broward County is stronger than the condo market.

Deerfield Beach-based real estate analyst Jack McCabe told the Sun-Sentinel that Minto made the right move because South Florida condo buyers “prefer an eastern, waterfront location and lifestyle.”

Minto on Saturday opened a sales center at 12550 Northwest 29 Manor in Sunrise for the 123-unit final phase of Artesia.

The 123 townhomes range in price from the mid – $300,000s to the $500,000s. Each has a two-car garage and two to five bedrooms, and spans from 1,466 square feet to 3,078 square feet. [Sun-Sentinel] — Mike Seemuth