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Announcement

Big things are happening in Palm Beach county!!

By
Cashflow In Miami
on
February 7, 2021

1226 Arden Park Dr, Western Palm Beach County, 12045 and 12089 U.S. Highway 1 just north of PGA Blvd, Juno Beach.  

11-acre garden apartment complex coming up with 250 unit along US1. Meanwhile Lennar  -nationwide home-builder is buying more land from another planned community owner!!

Despite locals opposition the development is swiftly rising.

The Lenox North Beach Apartments will be built by Oden Hughes, for the owner, Fairway Investments, and will have 222 rental units with a club house and a parking garage.

Gated community of the 222 units, 63 would be capped at workforce prices, which are aimed at residents with salaries of and similar to teachers, firefighters and police officers.  
The 222 units would be in three-story and two-story buildings around the perimeter that borders single-family homes( we are not sure if houses are part of the project, it seems that only townhomes are coming at the end). The development would have a three-story parking garage inside .

The developer is Fairway Investments.  

The developer also changed the plans to limit housing around the perimeter to two stories. They replaced parking lots with a parking garage, changed the location of access to the garage, added parks and will replace buffer walls.  

Completion of this rental community is 2021.

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Lennar Homes paid $13.7 million for land at Arden, a planned community in western Palm Beach County.

Records show Miami-based Lennar bought multiple lots through three deeds at 1226 Arden Park Drive from Highland Dunes Associates Property LLC.

Arden is described as ,a community centered around a 5-acre farm open to residents. Arden will have full-time farmers and allow residents to volunteer on the farm, according to its website.

Other developers, including D.R. Horton and Kenco Communities are also building homes at the 1,200-acre master-planned community.

Last year, Lennar also bought land in Arden: first 40 lots for $5 million and then 50 lots for $6.1 million. According to Arden’s website, Lennar is responsible for three different communities.

The most recent purchases, according to Arden’s community map, as well as the Palm Beach County Property Appraiser, is more of a green space surrounding a lake.

The single family market is soo hot , theres a reason Lennar going after other developers like Avalon in Delray by 13th floor and Arden here, they definitely see the full picture :)

...

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