A New Jersey-based developer just broke ground on a 538-home community in Parkland, and its main demographic is people aged 55 and up.
K. Hovnanian’s Four Seasons at Parkland, which is being built by developer K. Hovnanian Homes, is situated along Loxahatchee Road on the north side of Parkland.
The developer said it is targeting active adults aged 55 and over, and plans to have walking trails, swimming pools, sport courts and a fitness center in the community. Plans also include 12 lakes, a clubhouse and a ballroom.
Homes will range in size from two to three bedrooms and from 2,000 square feet to 3,600 square feet and larger. Prices start in the $400,000s. The community will have 12 decorated model homes for prospective buyers.
K. Hovnanian said it is partnering with New York-based real estate investor GTIS Partners for the project.
This is the second 55-and-over community K. Hovnanian has built in South Florida. The developer sold out its community in Delray Beach last year, and other homebuilders are increasingly targeting the baby boomer demographic. — Sean Stewart-Muniz