Lennar Proposes 106 Townhouses Near Homestead

Lennar wants to develop 106 townhouses near Homestead, as the homebuilding giant continues its development spree in south Miami-Dade County.

The Miami-based firm, led by Stuart Miller and Jon Jaffe, proposes the Retro West complex with 11 workforce units on a 10-acre vacant site on the northwest corner of Southwest 338th Street and Southwest 192nd Avenue in unincorporated Miami-Dade. One of the three adjacent lots is at 33700 Southwest 192nd Avenue.

Lennar paid $21.8 million last year for the three lots plus a fourth site in south Miami-Dade that is not part of the planned development, records show. It then sold the Retro West site to an entity led by Marc Valdes and Houdin Honarvar of New York-based DW Partners, according to records. Valdes and Honarvar’s affiliate likely is acting as a land bank on behalf of Lennar, holding the property until the homebuilder is ready to develop. In January, Lennar signed a contract to purchase the property by next April, according to a purchase option agreement.

At Retro West, townhomes will range from 1,334 square feet to 1,545 square feet, the application shows. The filing doesn’t specify whether the townhouses will be for sale or for rent.

In recent years, developers have zeroed in on south Miami-Dade largely due to its plentiful supply of buildable land that comes at a discount compared to Miami’s urban core.

Lennar has filed a flurry of project applications. Among them are plans for 138 single-family homes on the southeast corner of Southwest 220th Street and Southwest 133rd Court near Goulds; 54 homes on the southeast corner of Southwest 212th Street and Southwest 127th Avenue in Goulds; and 119 single-family homes on the southwest corner of Southwest 296th Street and Southwest 192nd Avenue in Homestead.

In March, Lennar paid $24.8 million for three additional south Miami-Dade residential development sites: Portobello Estates at Southeast 18th Avenue and the Florida Turnpike Extension; Century Park Villas East at Northeast First Avenue and Palm Drive; and Century Estates Royal at 192nd Avenue and Mowry Drive.

Also in south Miami-Dade, Argentine developers Martin Racca and Pablo Buttice, son of late soccer star Carlos “Batman” Buttice, want to develop a 25-story, 300-unit Live Local Act tower on the northeast corner of Southwest 214th Street and U.S. 1/South Dixie Highway.

David Martin’s Terra wants to build a 724-unit Live Local Act project on land at South Dade Government Center that it leased from the county through a no-bid deal. The 12-acre site is at 10710, 10750 and 10800 Southwest 211th Street in Cutler Bay