The Real Deal Miami

Lennar sells portion of Broward site to Codina Carr for $8M

28-home development will launch sales early September

August 30, 2016 04:30PM
By Katherine Kallergis

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Preliminary renderings of Parkland project and Armando Codina

Preliminary renderings of CC Homes’ Parkland project and Armando Codina

Coral Gables-based CC Homes bought a number of undeveloped lots in Parkland for $8.4 million.

Records show Lennar sold 28 lots to the Codina Carr company. The properties are part of Lennar’s MiraLago at Parkland, a single-family home community in northwest Broward County.

The developer plans to build Chateaux at Miralago, a 28-home project with a lake. The modern-style houses will range from 3,705 square feet to 5,281 square feet, a spokesperson for CC Homes told The Real Deal. One- and two-story floor plans can include up to seven bedrooms, as well as the option for an in-laws quarters.

Sales will launch in early September with pricing starting in the $700,000s, the spokesperson said.

It’s not the first time Lennar and CC Homes have worked together. Earlier this year, Lennar and CC Homes paid a combined $96 million to acquire the former White Course in Doral, a 130-acre property they plan to split and redevelop.

CC Homes financed the Parkland deal with $12.25 million mortgage from Florida Community Bank.

Parkland is an affluent, 12.8-square-mile city in Broward. It’s bounded by the Everglades to the west, western Boca to the north and Coral Springs to the south. In June, former NHL player Bryan Allen put his Parkland estate on the market for $1.79 million. That property is within the gated Heron Bay golf club community.