Lennar pays $11.5M for Boynton agricultural land

Site is being eyed for townhome community

Oct.October 06, 2015 12:30 PM

Miami-based Lennar Corp., one of the country’s largest homebuilding companies, just paid $11.5 million for a chunk of agricultural land west of Boynton Beach.

The sale includes almost 33 acres of farmland at 5300 Flavor Pict Road, which sits roughly five miles west of the Hunter’s Run Golf & Racquet Club. The land is surrounded by housing communities that were built in the late 1990s and early 2000s.

A Palm Beach County agenda showed that the land’s previous owners, a three-way partnership, had applied to rezone the land for a townhome community. Most of the land is occupied by crops and a vacant packing plant, according to the agenda.

The new zoning would allow for the development of 218 townhomes — with 29 units set aside for workforce housing — a recreation center, a 0.3-acre park and a six-acre “lake tract.”

The previous owners were Lois Dubois LTD., Joyce A. Haley as trustee of the William A. Dubois Sr. Revocable Living Trust, and HGC LLC, an affiliate of Howard Fertilizer & Chemical Company based in Orlando.

No financing was recorded for the sale.

Related Articles

Arden home community and Stuart Miller

Lennar picks up 50 lots in western Palm Beach County

Lennar's Stuart Miller and a rendering of a Sierra Ranch home

Lennar closes on 89-acre Davie site for single-family home community

Daily Digest Miami

Here are the homes of Miami Heat’s elite, developer Steve Witkoff revealed as buyer of Sunset Islands home: Daily digest

Lennar at Sorrento at Venetian Parc clubhouse, Lennar Vice Chairman Stuart Miller

HOA buys clubhouse in southwest Miami-Dade from Lennar

From left: Alejandro Arias, Keren Marti, Avra Jain, Carolina Herrera, Luis Gonzalez, and Melissa Rose (Credit: Brett Hufziger Photography, Google Maps)

New frontier? Developers look to Hialeah

Stuart Miller and Southwest 152nd Avenue in Homestead

Lennar picks up land assemblage in Homestead

Lennar Corp. Executive Chairman Stuart Miller and an aerial view of 10350 Southwest 232nd Street (Credit: Google Maps)

Lennar buys 58 acres near Cutler Bay amid land buying spree

Arbor Parc and BTI Partners CEO Noah Breakstone

Lennar buys 309 townhome sites in Palm Beach County