Search
 

Lennar Plans Groundbreaking of 414-Unit Project

NORTH BAY VILLAGE, FL-With the luxury project 70% pre-sold, it is set to break ground in April and be completed in late 2005. The unit prices start at $265,000. The project is part of an effort by Lennar to focus more on multifamily developments.

By Melissa Bogdany | Updated on March 09, 2004

NORTH BAY VILLAGE-Lennar Corp., based in Miami Beach, will start construction of 360º, a 414-unit luxury waterfront condominium tower planned for here now, that it has achieved 70%-level of presales. The developer plans to break ground in April, just slightly behind the original plan of February.

Lennar and International Sales Group, whose niche is the competitive condo market, have pre-sold 290 units. Jack Paget is director of sales for the project, whose sales center is located at 360 Harbor Island Dr. He attributes the sales success in part to the fact that the project is planned for the site of the former Harbor Island Spa. In addition, the city is in the middle of a rebirth, with several retail and residential developments either under way and on the drawing boards. The city is in Miami-Dade County, just north of Miami.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.