News of the performance comes as the privately owned developer of luxury homes recently kicked off an aggressive multifamily building campaign. In January, the company announced plans for 11 luxury high-rise residential buildings valued at more than $1 billion over the next year or so along Florida's west and east coasts.
The Bonita Springs-based company closed on contracts valued at about $236 million during the first quarter ended March 31, compared with the $172 million in contracts during the same period in 1999. Unit orders increased to 600 from 583 over the same time period.
Of the total value, the company closed on $168 million in contracts on 513 units classified as traditional single-family homes during the first quarter, compared with $137 million on 535 units during the same period last year.
Contracts on luxury multifamily products totaled $68 million on 87 units during the quarter, compared with $36 million in contracts on 48 units during the same time period last year.
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