Some of the biggest homebuilders in the industry are constructing large residential developments in northwest Broward County’s Parkland.
Lennar, Standard Pacific, Toll Brothers and WCI Communities are building more than 1,500 homes in Parkland, which is known for having strong public schools and being one of South Florida’s last communities with land available for major housing projects. Miami-based Lennar reports that about one-third of its homes and townhomes at the 738-residence Mira Lago development are sold. Prices at Mira Lago range from $350,000 to nearly $700,000.
Toll acquired Parkland Golf & Country Club from WCI four years ago. It has 58 homes under construction now, with another 220 homes left to building, according to the Sun-Sentinel. The entire country club would have about 900 residences once it is completely built out.
“People who have been sitting on the fence for four or five years are now saying, ‘Let’s do something,’” Toll senior project manager Margaret LaCalle said. “I don’t think they’re sitting back expecting the market to go belly-up again.”
WCI sold 196 homes in two neighborhoods within the Heron Bay development in 2013. Its latest project, Osprey Lake, is more than 60 percent sold. [Sun-Sentinel] — Eric Kalis