Lennar, BH Select Elliman for Sales at Aventura-Area Residential Project
Lennar, BH Select Elliman for Sales at Aventura-Area Residential Project
Lennar Corporation and BH have selected Douglas Elliman to handle the marketing and sales of a new collection of single-family homes. The properties are situated on the site of a former golf course located just west of Aventura.
The decision to bring in a major brokerage firm highlights the continued development activity in South Florida, where land repurposing is a key trend for homebuilders. The project aims to transform the previous recreational space into a residential community, catering to demand for single-family housing in the region.
Lennar, one of the nation’s largest homebuilders, currently maintains a market capitalization of approximately $20.85 billion. The company’s stock has seen upward movement recently, with shares trading at $88.13 following a previous close of $87.06. This represents a daily increase of 1.23% for the firm, which operates across various segments including Homebuilding East, Homebuilding Central, Homebuilding West, and Multifamily.
By partnering with Douglas Elliman, the developers are leveraging an established sales network with significant reach in the luxury and premium real estate markets. The specific pricing and timeline for the release of inventory at the west Aventura site have not yet been detailed in the announcement.
What to watch
- Official announcement of pricing and unit specifications for the new development.
- Future sales velocity data from Douglas Elliman regarding the project.
- Lennar’s upcoming quarterly earnings for regional homebuilding segment performance.
Source: original release