Brian Tuttle wants to build an active adult community in Parkland

Developer is also in the midst of a $650M mixed-use project in Royal Palm Beach

Aug.August 28, 2018 03:45 PM

15490 Loxahatchee Road and Brian Tuttle

Developer Brian Tuttle is keeping busy.

In the midst of developing Tuttle Royale, a 200-acre mixed-use project in Royal Palm Beach, Tuttle is also planning an active adult lifestyle community in Parkland with 195 single-family homes and boutique condo buildings.

Tuttle Land Development is proposing to build three or four condo buildings with density rights that will allow for up to 125 units priced from $349,000 to nearly $500,000. Some units will be dedicated to workforce housing. Tuttle said the single-family homes will be for residents 55 and older, with prices ranging from $550,000 to $800,000. The homes will be the second phase of his Parkland Royale project.

In exchange, Tuttle said he would sell back a portion of the land to the city of Parkland at the appraised value of about $50,000. The city would then be able to use the land to build a new 350-foot-tall 911 emergency communications system tower.

Records show Tuttle paid $650,000 for the 5-acre site at 15490 Loxahatchee Road in 2015. That same year, Tuttle entity TLH Sabra 2 LLC paid $8.5 million for at least 45 acres of adjacent land, records show.

Tuttle assembled, entitled and then sold the first phase of Parkland Royale, now called Four Seasons at Parkland, to K. Hovnanian Homes in 2014 for $53 million.

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