BY COMMERCIAL BROKERS FOR COMMERCIAL BROKERS

Lennar Plots 502-Unit Resort Near I-Drive

Tuesday, July 23, 2019 3:44 PM | Anonymous

Lennar Corp. — the largest homebuilder in the U.S. — wants to build a massive resort-style development south of a $500 million-plus project near I-Drive.

The Miami-based company (NYSE: LEN) plans to build 240 condos, 200 townhomes and 62 single-family homes on 68 of 77.3 acres south of the mixed-use Dezerland car museum and entertainment complex, according to records obtained from the city of Orlando. Orlando Business Journal previously reported an unnamed buyer was under contract for 68 acres for a “very large resort type of project."

Lennar couldn't be reached for comment. In addition, Miami-based Southern Hill Real Estate Inc. President Randall Hill, who represents the landowner, Coral Gables-based I Drive Investors LLC, declined to comment.

The Lennar project may include a park, several lakes, pools, a lazy river component and more. Lennar, along with its engineering team, held a meeting with the city of Orlando on June 5.

Source:  OBJ


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