South Dade boom: D.R. Horton wants to build townhouses in Homestead, another developer proposes apartments in Naranja

Plans come amid development wave sweeping south Miami-Dade County

Miami /
Mar.March 09, 2022 12:30 PM

(CFM Architects, Octavio A. Santurio Architect)

Two developers are proposing new housing projects in south Miami-Dade County, showing the area has caught the eye of builders amid high demand linked to population growth.

Major homebuilder D.R. Horton, based in Arlington, Texas, wants to build a 67-townhouse complex in Homestead, and D.E.V. & Associates proposes a 202-unit multifamily building in the Naranja neighborhood in unincorporated south Miami-Dade, according to preliminary applications submitted to the county.

D.R. Horton, whose chairman is Donald Horton and president and CEO is David Auld, is under contract to buy 6.5 acres of land it wants to develop from Southwest Sixth Street south to Lucy Street, and from Southwest 14th Avenue east almost up to 12th Avenue, according to its letter of intent. The application does not list the purchase price.

The current owner is Lucy Street 328 LLC, managed by Alicio Piña based in Miami Lakes, which paid $257,000 for the land in 2012, property records show.

North of that site, D.E.V. & Associates proposes a nine-story Palm at Parker apartment building with a clubhouse, pool and cabanas on 3.2 contiguous acres at 14201 and 14281 Henderson Street, and 14241 and 14259 Henderson Drive, according to its county filings. The property includes a next-door 0.2-acre lot without an address.

Records show the owners of the parcels are A Villas Legacy LLC, Dan Nico Properties LLC and Brian Herbert, who paid almost $1.7 million combined for the real estate last year and this year. Three of the parcels currently have single-family homes.

D.E.V. & Associates is a real estate developer and contractor based in Miami, said Jorge Vera, who represents the company, adding that D.E.V. does not yet have the property under contract.

D.R. Horton and D.E.V. & Associates are requesting a pre-application meeting with county staff members from various departments, who will review the plans for consistency with stormwater, traffic, environmental and other regulations. This is the first submission in the project approval process, with site plan reviews expected next.

The proposals are the latest for south Miami-Dade, as the long under-developed area appears poised for more projects amid high residential demand created by a growing population and lack of developable sites in areas closer to the city of Miami.

In Homestead, homebuilder Lennar paid $22.5 million for 25.3 developable acres in January, and $7.1 million for another 27 acres in September.

D.R. Horton started building homes in 1978 and has a portfolio spanning 44 U.S. markets, according to its website. https://therealdeal.com/miami/tag/dr-horton/ It also has focused on south Miami-Dade, specifically Florida City, where it has developed and purchased land, including paying $6.2 million for property in 2020.





    Related Articles

    arrow_forward_ios
    Property Markets Group's Ryan Shear, Kevin Maloney, Dan Kaplan and Greybrook Realty's Peter Politis with rendering of The Elser Hotel & Residences (Property Markets Group, Greybrook Realty Partners, Levy PR, iStock)
    Change of plans: Developer switches to condos from rentals at downtown Miami tower
    Change of plans: Developer switches to condos from rentals at downtown Miami tower
    Omega Real Estate's Sebastien Scemla and Juan Carlos Lago with The Gardens Residence project (Behar Font & Partners, Omega Real Estate)
    Omega scores $100M construction loan for North Miami apartments
    Omega scores $100M construction loan for North Miami apartments
    Miami City Self Storage's Steve Garchik, Jay Massirman and Megacenter Palmetto at 8600 Northwest South River Drive in Medley (Miami City Self Storage, Google Maps, SJM Partners)
    Miami self-storage firm buys Medley industrial site for $38M
    Miami self-storage firm buys Medley industrial site for $38M
    Renderings of the project with Tortoise Properties President, CEO and co-founder Jake Geleerd and Chairman and co-founder Kelly Brannen (MSA Architects, Carlos Aristizabal)
    Tortoise Properties nabs $89M construction loan for downtown West Palm apartments
    Tortoise Properties nabs $89M construction loan for downtown West Palm apartments
    The Porsche Design Tower in Sunny Isles Beach (Porsche Design Tower Miami)
    Porsche Design Tower closing tops Miami-Dade’s weekly condo sales
    Porsche Design Tower closing tops Miami-Dade’s weekly condo sales
    Estate Companies Jeffrey Ardizon, Avanti's Christian Garner, and Estate Companies Robert Suris with Soleste Grand Central
    Avanti pays $181M for apartment building near Brightline’s MiamiCentral
    Avanti pays $181M for apartment building near Brightline’s MiamiCentral
    Lloyd Jones Chairman and CEO Christopher Finlay and First Apartments at 701 Southwest First Street in Little Havana (Lloyd Jones, Premium Development)
    Lloyd Jones drops $92M for Little Havana apartments
    Lloyd Jones drops $92M for Little Havana apartments
    From left: Oak Row Equities' David Weitz and Erik Rutter with Edgewater
    Oak Row Equities plans 400-unit apartment, office tower in Edgewater
    Oak Row Equities plans 400-unit apartment, office tower in Edgewater
    arrow_forward_ios

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

    Loading...