Lennar is transforming industrial site into residential complex

The country's largest homebuilder has a 162-unit project in Anaheim

Los Angeles /
Jan.January 14, 2019 10:00 AM
Lennar Corp CEO Rick Beckwitt and a rendering of the Anaheim project

Lennar Corporation wants to build a 162-unit mixed-use complex on a seven-acre site in Anaheim, seeking to transform what had previously commercial and industrial properties.

The country’s largest homebuilder is planning for 108 townhomes and 54 duplex units, according to Urbanize. The project, to be called Palmilla, is set for 1100 N. Anaheim Boulevard. Amenities will include a pool and spa, and Lennar is planning ground floor retail for a portion.

The Miami-based company has already cleared the tract, which had been warehouses and other low-rise commercial buildings. There are single-family homes to the south and La Palma Park to the east.

Not far north, in the city of Whittier, Lennar has partnered with Brookfield Residential to develop a sprawling 75-acre mixed-use neighborhood at the site of a former correctional facility for juveniles. “The Groves in Whittier” will include 750 mostly for-sale homes and 150,000 square feet of retail space.

Lennar Corp. became the nation’s biggest homebuilder in 2018 when it purchased CalAtlantic Group in a $9.3 billion deal.

The company is branching out with other partnerships, too. It lent iBuyer startup Opendoor $100 million to expand its business. Part of the partnership involves Opendoor referring customers over to Lennar, after they sell their old homes. [Urbanize] — Dennis Lynch


Related Articles

arrow_forward_ios
Deborah La Franchi and render of 10400 S. San Pedro (Tim Berger c/o SDS Capital, Getty)
Private equity takes on the supporting housing sector
Private equity takes on the supporting housing sector
Anaheim Mayor Ashleigh Aitken and the Covered Wagon Motel at 823 South Beach Boulevard in Anaheim (Anaheim.net, Loopnet)
Anaheim demolishes crime-ridden motel for housing
Anaheim demolishes crime-ridden motel for housing
Habitat for Humanity OC president Monique Davis and 1921 West Washington Avenue (Habitat for Humanity, Google Maps)
Habitat for Humanity to build duplexes in Santa Ana
Habitat for Humanity to build duplexes in Santa Ana
From left: Lexington Apartments, 1221 Ocean, Thea at Metropolis, and Vue Los Feliz
$500M sale tops list of LA multifamily deals in 2022
$500M sale tops list of LA multifamily deals in 2022
Beach City Capital's Jason Muller with rendering of 12763 Mitchell Avenue (Beach City Capital)
Beach City Capital to start work on Mar Vista apartments
Beach City Capital to start work on Mar Vista apartments
Skanska USA's Clare De Briere and renderings of the project at 8633 Wilshire Boulevard in Beverly Hills (LinkedIn, Skidmore, Owings & Merrill)
Skanska USA redesigns office building in Beverly Hills
Skanska USA redesigns office building in Beverly Hills
(Photo Illustration by Steven Dilakian for The Real Deal with Getty)
California’s growth proposition called into question again
California’s growth proposition called into question again
Arman Gabaee (Daily Breeze)
Developer Arman Gabaee gets 4 years in prison for ‘systemic corruption’
Developer Arman Gabaee gets 4 years in prison for ‘systemic corruption’
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...