Lennar set to buy 27-hole golf course in Boca Raton

Miami /
Jun.June 19, 2016 11:00 AM

Miami-based homebuilder Lennar Corp. has a contract to acquire a public golf course in Boca Raton from Wells Fargo Bank for an undisclosed amount on July 1.

Lennar plans to build homes on the entire grounds of the 27-hole Ocean Breeze Golf Club at 5801 Northwest 2 Avenue  in Boca Raton.

Wells Fargo owns Ocean Breeze because the bank’s South Florida predecessor, Wachovia Bank, filed a foreclosure suit in 2010 against the property’s previous owner.

A Wells Fargo spokeswoman told the Sun-Sentinel that Ocean Breeze is too expensive to maintain as a golf course.

The 27-hole golf course is the largest of two public courses in Boca Raton that are open to the public.

According to city officials, Lennar plans to build homes on the entire Ocean Breeze property. Ocean Breeze spans more than 200 acres in the Boca Teeca subdivision of Boca Raton.

Residents of Boca Teeca previously challenged another developer’s plan to build 211 homes on 30 acres of Ocean Breeze. The development plan, approved by the City of Boca Raton in 2007, never materialized. [Sun-Sentinel] — Mike Seemuth


Related Articles

arrow_forward_ios
From left: Belong co-founders Tyler Infelise, Ale Resnik, and Owen Savir (Belong, Getty Images, Google Maps)
Lease roundup: Rentals manager Belong moves HQ to Brickell
Lease roundup: Rentals manager Belong moves HQ to Brickell
Manor Broken Sound at 5400 Broken Sound Boulevard in Boca Raton, with Rockpoint’s Bill Walton, Related Group's Jon Paul Pérez and Jorge Pérez and Lincoln Property Company CEO Tim Byrne (Cushman & Wakefield, Rockpoint, Related Group, Wikipedia, Lincoln Property Group)
Lincoln Property pays $194M for newly built Boca apartments
Lincoln Property pays $194M for newly built Boca apartments
El-Ad National Properties Noam Ziv with Alina condominium
El-Ad nabs $100M construction loan for Alina condos in Boca
El-Ad nabs $100M construction loan for Alina condos in Boca
Tricera Capita's Ben Mandell with rendering of The Press project (Tricera Capital)
Lease roundup: Tricera scores tenants in West Palm, Boca
Lease roundup: Tricera scores tenants in West Palm, Boca
From left: MHCommercial Real Estate Fund II's Jordan Paul, Dung Lam and Neil Merin along with the Yamato Office Center in Boca Raton and the Bridge Point Powerline Road in Pompano Beach (NAI Global, LoopNet, Getty Images)
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
Lease roundup: FirstService leases in Boca, PlantLab in Pompano Beach
Enclave at Plantation at 100 South Hiatus Road in Broward County (Lennar, Lennar Architecturals, Illustration by The Real Deal with Getty)
Lennar gets green light to build 40 single-family homes in Plantation
Lennar gets green light to build 40 single-family homes in Plantation
Candice and Steven Stark with 1371 Royal Palm Way (Getty, Royal Palm Realty)
Luxury carpet mogul drops $17M for house on Royal Palm golf course in Boca Raton
Luxury carpet mogul drops $17M for house on Royal Palm golf course in Boca Raton
From left: Contrarian Capital's Jon Bauer and Pebb Enterprises' Ian Weiner with Meridian Office Center
Pebb JV buys Boca Raton office complex for $30M
Pebb JV buys Boca Raton office complex for $30M
arrow_forward_ios

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

Loading...