Sunrise homebuilder pays $21M for Homestead land

Wednesday Aug 30th, 2017


More home development in Homestead is in the pipeline. An affiliate of Sunrise-based Centerline Capital Advisors, led by Craig Perry, just paid $21.3 million for an assemblage of lots for single-family homes in Homestead, property records show. Centerline also secured a $7 million loan from Weston-based Florida Community Bank and a nearly $4.4 million loan from NVR Inc., and arm of the Virginia-based homebuilder Ryan Homes. SW 112 Investments, led by Barry M. Brant, sold land on the... [read more]

Tropical Villas, a 42-single-family home community, underway in Homestead

Tuesday Aug 15th, 2017


The building boom in Homestead continues with yet another developer announcing plans for a new single-family home community. The Miami-based developer, 360 Builders, will be delivering 64 single-family homes to Homestead with prices ranging from $328,900 to $388,900. The community, called Tropical Villas at 201 Northeast 18th Avenue, has completed its first phase of development, consisting of 26 homes. The houses range from about 1,901 square feet to 2,280 square feet, according to... [read more]

Shortage of construction workers continues as workforce ages

Wednesday Jul 26th, 2017


The construction workforce in the U.S. is shrinking – and graying, new data shows. Across the country, the labor force shrank in size to 10.4 million workers in 2015 from 10.6 million at the bottom of the market in 2010, according to a new analysis of Census data. It’s a big contrast from the growth seen from 2000 to 2005, when the workforce expanded from 9.3 million workers to 11.5 million. And now, the average construction worker is older than the average American worker... [read more]

Developer launches third home community in this Broward city

Tuesday Apr 25th, 2017


Developer 13th Floor Homes has launched sales and construction of its third single-family home community in Tamarac. The homebuilding arm of Miami-based 13th Floor Investments previously launched Central Parc and Manor Parc in the city. Now it’s getting started on Hidden Trails, which will be southeast of Florida’s Turnpike near Commercial Boulevard. The official address is 4893 N.W. 55th Place. The 214 homes will range from 1,580 to 2,086 square feet. They are priced from... [read more]

Developer seeks approval for commercial project in Palm Beach

Monday Apr 24th, 2017


  K Hovnanian Homes wants to rezone part of its residential development site in Royal Palm Beach for commercial project and sell it to a local firm. The village’s Local Planning Agency will hold a meeting on April 25 to consider a comprehensive plan amendment and rezoning for the mixed-use project at 11925 Southern Blvd. It’s called Cypress Key. Hovnanian (Nasdaq: HOV) is currently building 147 townhouses on part of the 35.2-acre site. It would sell the commercial... [read more]