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Miami real estate news & trends

Lennar, a titan in the homebuilding industry, is setting its sights on further expanding its footprint in South Miami-Dade County with a proposal to construct 105 single-family homes. This initiative underscores Lennar's ongoing commitment to the residential market in the area, promising to bring a new wave of housing options to potential homeowners.

Strategic Development Plans

Situated on a 36-acre parcel currently under contract, the proposed development is located between Southwest 272nd and Southwest 276th streets, east of Southwest 159th Avenue in an unincorporated section of Miami-Dade. This strategic choice of location highlights Lennar's ability to identify and capitalize on prime real estate opportunities that cater to the growing demand for residential properties in South Miami-Dade.

Navigating Zoning and Infrastructure

To bring this project to fruition, Lennar has submitted an application to Miami-Dade County, seeking a rezoning of the site from an “agricultural district” to a “single family estate modified use district.” This rezoning effort is accompanied by a request for a variance that would enable the future homes to front public rights of way and provide access to public streets via private roads. These private roads, as outlined in the proposal, would be managed by either a homeowners association or a community development district (CDD), a common strategy in Florida for financing essential infrastructure such as roads, sewers, and lighting.

A Legacy of Avocado Groves

The land, currently owned by Janet Case, Bradley Case, Gregory Case, and Kimberly Case, is known for its avocado groves, a nod to the agricultural heritage of the area. Lennar's proposed development signifies a transition towards residential use, reflecting broader trends in the region's growth and development.

Leadership and Vision

Under the leadership of Executive Chairman and Co-CEO Stuart Miller and Co-CEO and President Jon Jaffe, Lennar has demonstrated a robust development strategy in South Miami-Dade. This new proposal follows on the heels of several other projects in the area, including an application for 150 single-family homes near Homestead and a complex with 158 condos and 97 single-family homes, as well as another project featuring 114 condos in the Princeton neighborhood.

The Broader Trend

Lennar's investment in South Miami-Dade is part of a larger trend of developers recognizing the potential of the area. Notably, MG Developer recently proposed an 11-story, 258-unit apartment building in Princeton, signaling a growing interest in residential development in South Miami-Dade.

Conclusion

As South Miami-Dade continues to attract attention from developers and homebuyers alike, Lennar's proposal for 105 single-family homes represents a significant contribution to the area's residential offerings. With a track record of successful developments and a keen eye for strategic locations, Lennar is poised to enhance the living options available to those seeking to call South Miami-Dade home.

For those interested in the evolving real estate landscape of South Miami-Dade or considering making a move to the area, feel free to reach out. With years of experience and a deep understanding of Miami's diverse neighborhoods, I'm here to provide guidance and insights into finding your perfect home.

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