search

The Real Deal Logo

Trending

Macerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanLawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aChen family sues bank, contractor for over $3 billionChen family sues bank, contractor for over $3 billionRobert Rivani’s Black Lion pays $63M for Miami Beach mixed-use buildingRobert Rivani’s Black Lion pays $63M for Miami Beach mixed-use building
South Florida

GL Homes plans lottery for Delray Beach project

Atlantic Avenue
Atlantic Avenue

With a waiting list of more than 3,000 potential buyers, GL Homes plans to hold a lottery for its Tuscany development near Delray Beach.

Sunrise-based GL is slated to have the lottery for most of the 454 single-family homes on July 12. The homebuilder is launching sales for the project on the north side of Atlantic Avenue, east of Florida’s Turnpike. Prices range from the low $300,000s to the $400,000s.

Sign Up for the undefined Newsletter

Buyers have camped out on GL’s project sites in the past, so the company hopes to eliminate the need for that with the lottery, according to the Sun-Sentinel. The initial wave of Tuscany homes are expected to be ready in September or October 2015.

“In this part of Palm Beach County for the first-time homebuyer, there’s basically nothing available unless you go to a townhome,” GL division president Marcie DePlaza said. [Sun-Sentinel] — Eric Kalis

Tags
Delray BeachGl Homes