Lennar Homes paid $13.7 million for land at Arden, a planned community in western Palm Beach County.
Records show Miami-based Lennar bought multiple lots through three deeds at 1226 Arden Park Drive from Highland Dunes Associates Property LLC.
Highland Dunes Associates Property is a Delaware entity tied to Boston-based Freehold Capital Management. Freehold has been developing housing projects in California, Georgia, South Carolina, Tennessee, Texas and Florida, according to its website.
Arden is described as an “agrihood,” a community centered around a 5-acre farm open to residents. Arden will have full-time farmers and allow residents to volunteer on the farm, according to its website.
Other developers, including D.R. Horton and Kenco Communities are also building homes at the 1,200-acre master-planned community.
The most recent purchases, according to Arden’s community map, as well as the Palm Beach County Property Appraiser, is more of a green space surrounding a lake. Lennar was not available for comment.
Other developers are leaving the pricier urban areas of Palm Beach County and heading west. Minto Communities is building a 3,800-acre master-planned community with about 4,500 homes.