Tuesday, October 27, 2015

Lennar community of 385 homes seeks approval in Royal Palm Beach

The Royal Palm Beach Planning and Zoning Board will consider approving home community by Lennar Corp. on Tuesday evening. The 154-acre site at 980 Crestwood Blvd. is currently owned by the city, but the Miami-based company (NYSE: LEN) is under contract to buy it for $35 million. The city approved the sale in April and plans to close before the end of December. Lennar, the largest homebuilder in South Florida, wants to build 385 single-family homes there. The property is a former wastewater treatment…

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