The plan is to take a 5,000-acre property that GL Homes owns adjacent to the new city of Westlake and shuffle 1,277 units (homes approved for construction but that haven’t been built yet) and move the units elsewhere.
The sale price equates to nearly ±$1.2 million per acre.
Although this is a small deal, it indicates a significant trend in the market. CLICK ON THE HEADLINE FOR MORE
Companies including Publix and Darden Restaurants have taken advantage of the vaguely worded law to build on land that some contend did not appear contaminated. CLICK ON THE HEADLINE FOR MORE
The bank seized the property after foreclosing on a $2.5 million mortgage. CLICK ON THE HEADLINE FOR MORE
The property is one of the last large land parcels available for development on Biscayne Boulevard. CLICK ON THE HEADLINE FOR MORE ON THIS STORY