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Lennar Corp. Finds Success in Multifamily Building

MIAMI-The first three projects of the recently formed Lennar Developers Inc., a wholly owned subsidiary of Lennar Corp., based here, are the Grand, Colonnade and 360º.

By Melissa Bogdany | Updated on April 08, 2004

MIAMI-Lennar Corp., a locally based homebuilder base, is seeing early success with its venture into multifamily building. Since entering the local multifamily market, Lennar Developers has introduced three luxury projects: the Grand and Colonnade in Kendall, FL, and 360º in North Bay Village.The Grand, which will consist of a 71-unit mid-rise tower, sold out within seven hours. Colonnade, a four-tower, mixed-use community with prices ranging from the high $200,000s to the $500,000s, sold 75% of its phase one units. In addition, phase one of 360º is more than 70% sold. The project’s 414 waterfront units will start in the low $300,000s.”Our first three communities have enabled us to emerge as a major player in today’s competitive market,” says Anthony Seijas, an industry veteran who heads Lennar Developers..Lennar Developers specializes in managing the design, marketing and development of luxury high-rise condominiums. The company is a wholly owned subsidiary of Lennar Corp., which was founded in 1954 as a small homebuilder.

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