The Real Deal Miami

Construction begins again at stalled Wellington housing community

November 18, 2011 09:23AM

Almost three years after developer Centex Homes’  264-residence
development was set for completion, the project has restarted, with a
new end date in 2016. “Just about the time they were about to get
started, the bottom fell out of the economy,” said Steve Braswell, who
made a deal to end a long-term lease he had on a remote portion of the
property. “Basically nobody was building any homes.” A partnership
between Centex and Tousa bought the site in 2005 for $62.4 million, and
while some work was done, including water and sewage lines, construction
stalled. The project is just south of the Mall at Welington Green. [Palm
Beach Post]