Lennar is continuing its Miami-Dade County shopping spree.
The Miami-based homebuilder dropped $16.6 million on a 38.2-acre development site in Homestead. Records show Lennar bought five parcels bordered by Southwest 162nd Avenue and Southwest 276th Street from JMC Groves LLC, a Florida entity managed by Janet M. Case.
In February, Lennar requested a rezoning for the land, which is currently an avocado grove, to a “single family estate modified use district,” and proposed building 105 single-family homes on the site.
Lennar is one of the largest homebuilders in the United States. Led by Executive Chairman Stuart Miller and President Jon Jaffe, who are also Co-CEOs, the development giant has dozens of residential projects in the pipeline across South Florida.
Last month, Lennar paid $28 million for a 58-acre site in Homestead approved for 296 townhomes. In July, the firm partnered with Isaac Toledano’s BH Group to buy a shuttered 104.3-acre golf course near Aventura for $17.5 million, with plans to redevelop it as single-family homes.
Lennar has hundreds of units planned for Homestead, a city in south Miami-Dade that’s become a magnet for developers in recent years. D.R. Horton, another homebuilding behemoth, dropped $65 million on 97 acres in Homestead in July. The developer plans to build 1,170 residential units as part of a mixed-use project that includes 216,000 square feet of commercial space.