Toll Brothers buys home sites at Avenir in Palm Beach Gardens

Miami /
Jun.June 03, 2019 12:30 PM
Douglas C. Yearley, Jr. Chairman and Chief Executive Officer of Toll Brothers with a rendering of the Avenir Development

Douglas C. Yearley, Jr. Chairman and Chief Executive Officer of Toll Brothers with a rendering of the Avenir Development

Updated June 4, 2019, 11:40 a.m.: Count Toll Brothers as the latest homebuilder looking to develop in western Palm Beach County.

The luxury homebuilder paid $21.7 million for 217 lots in Avenir at 12200 Northlake Boulevard in Palm Beach Gardens, records show. The price equates to about $100,000 per lot.

Toll Brothers plans to build two communities in the development, Windgate at Avenir and Watermark at Avenir, according to a release.

Windgate at Avenir will have 119 homes ranging in size from 2,285 square feet to 2,930 square feet. Just less than a mile from Windgate, Watermark at Avenir will have 98 homes ranging in size from 3,188 square feet to 3,831 square feet, the release said.

Construction for the sales center and model homes is expected to begin this summer.

Toll Brothers bought the property from Avenir Development, which is tied to Landstar Development Group, the primary developer of the project.

Avenir is a massive, planned 4,783-acre community west of Bee Line Highway. It was approved for about 3,000 single-family homes, 400,000 square feet of commercial space and 1.94 million square feet of office space.

The development will take 30 years to complete and will include a golf course as well as a crystal lagoon. It will be built in phases, according to the Palm Beach Post.

More homebuilders are seeking to develop new home communities in western Palm Beach County. Buyers are looking for more affordable homes and housing communities outside of major cities.

Other large-scale mixed-use communities include Westlake, Arden and Iota Carol.


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