Mattamy Homes, the largest home builder in Canada, acquired a long-closed golf course in Sarasota and plans to build hundreds of homes there.
Toronto-based Mattamy paid more than $14 million for the 120-acre Sunrise Golf Club in Sarasota, which has been closed since 2004.
Working with Sarasota-based developer Vanguard Land, Mattamy plans to build approximately 400 single-family homes and multi-family units at abandoned golf course.
A condominium association representing residents who live along the weed-covered golf course negotiated a covenant with Mattamy that requires, among other things, a 175-foot buffer between existing residences and new ones.
The Canadian company has been operating in Florida since it acquired a construction company in Jacksonville.