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]

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]

  Lennar Homes acquired the long-stalled Silver Palms Southwest project in southern Miami-Dade County for $10.3 million. Madeira Investors, managed by Juan Carlos Rodriguez in St. Augustine, sold the 106 home lots at the southwest corner of Southwest 240th Street and Southwest 117th Avenue to Lennar Homes, an affiliate of Miami-based Lennar Corp. (NYSE: LEN). The property was platted into home lots in 2007, but no construction took place as the recession set in. The property... [read more]

  SobelCo., a South Florida developer, will build part of the residential component at the new Banyan Cay Resort & Golf Club in West Palm Beach. An affiliate of Boca Raton-based SobelCo. completed a $10 million land deal Tuesday for 94 lots at the club off Congress Avenue and north of Palm Beach Lakes Boulevard. Tirso San Jose, a SobelCo. executive, said the single-family homes will be priced from the $500,000s to the $800,000s, likely attracting “empty... [read more]

  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]