BTI Partners sells remaining single-family lots in Arbor Parc to 13th Floor

13th Floor bought 98 lots and 2 model homes in the master planned community in Riviera Beach

TRD MIAMI /
Jun.June 21, 2019 02:30 PM
 Arbor Parc rendering and 13th Floor CEO Arnaud Karsenti (Credit:: Zillow)

Arbor Parc rendering and 13th Floor CEO Arnaud Karsenti (Credit:: Zillow)

BTI Partners sold the remaining lots in the 500-home community Arbor Parc to 13th Floor Homes for $8.2 million.

Miami-based 13th Floor bought 98 lots and two model homes at 4046 Woods Edge Circle in Riviera Beach for $82,000 per lot including the two homes, according to a release. The deal closed just two weeks after BTI Partners sold 309 townhome lots in Arbor Parc to Lennar Corp. for $19.25 million.

The 69-acre Arbor Parc is a gated residential community under construction just west of I-95. The site includes a 10-acre lake and three acres of green space.

The three- and four-bedroom homes range from 1,558 square feet to 2,086 square feet, with prices starting in the mid $200,000’s. There are currently about 125 homes and townhomes sold or under contract, according to a release.

Fort Lauderdale-based BTI Partners has been active in Florida. BTI is currently building Westshore Marina District, the second largest mixed-use community under construction in Tampa.

In South Florida, demand is growing for entry-level home communities like Arbor Parc, due to rising home prices in Miami and Fort Lauderdale.

Lennar, Ryan Homes, Kenco Communities and Kennedy Homes are constructing homes in another 1,200-acre master-planned community in western Palm Beach called Arden.


Related Articles

arrow_forward_ios
Stuart Miller of Lennar & a map of Arden community

Lennar pays $14M for land at Arden

Lennar pays $14M for land at Arden
Mark Pulte & 701 South Ocean Boulevard, Delray Beach (Credit: Google Maps)

Mark Pulte’s homebuilding firm buys Delray Beach oceanfront lot for $11M

Mark Pulte’s homebuilding firm buys Delray Beach oceanfront lot for $11M
Dr. Walter Okoroanyanwu, Angelo Bianco and Jim Carr 

Doctor’s orders: developers increasingly tap medical experts, amenities

Doctor’s orders: developers increasingly tap medical experts, amenities
GL Homes President Misha Ezratti (Credit: LILA PHOTO via GL Homes)

GL Homes offers $22M for development rights in Agricultural Reserve

GL Homes offers $22M for development rights in Agricultural Reserve
Stephen Gravett, CEO of Kennedy Homes and a rendering of Trevi Isle home community

Kennedy Homes sells Palm Beach Gardens community amid allegations of mismanagement

Kennedy Homes sells Palm Beach Gardens community amid allegations of mismanagement
23 Tahiti Beach Island Road and 4965 Southwest 82nd Street

Cuban coffee mogul trades waterfront Tahiti Beach mansion for Ponce-Davis estate

Cuban coffee mogul trades waterfront Tahiti Beach mansion for Ponce-Davis estate
Dave Folsom, president & CEO of Sotherly Hotels, and the DoubleTree Resort by Hilton Hollywood Beach at 4000 South Ocean Drive (Credit: Google Maps)

Hollywood DoubleTree’s $59M CMBS loan enters special servicing

Hollywood DoubleTree’s $59M CMBS loan enters special servicing
Rendering of 850 Le Jeune and Century Homebuilders’ Sergio Pino

Sergio Pino re-opens construction site after workers test positive for Covid-19

Sergio Pino re-opens construction site after workers test positive for Covid-19
arrow_forward_ios

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

Loading...