Lennar Homes and CC Homes have reportedly paid a combined $96 million to acquire a former golf course that will be used for the expansion for their Downtown Doral mixed-use project, according to South Florida Business Journal senior reporter Brian Bandell. The transaction was split between the firms as such: GWG Miami Property sold the property in deeds of $40.86 million and $27.54 million to White Course Lennar, a subsidiary of Miami-based Lennar Corp., and a deed of $27.59 million to CC Homes Doral, an affiliate of Coral Gables-based CC Homes, led by Armando Codina and James Carr.
The White Course site in Doral, Fla., measures 130 acres and will be part of the Downtown Doral South development, a site plan that calls for 2,209 residential units, 150,000 square feet of office space, 30,000 square feet of retail, seven acres for a civic and school uses, and 17.6-acres for an amphitheater/public recreation area. The development will also feature linear greenways and a promenade that connects to the new public space/amphitheater.
"All new additions will complement the current community, and maintain its urban feel," CC Homes said in a statement. "Plans for the White Course will cater to additional needs of Doral residents, including the construction of a charter high school to accommodate grades 6-12 as the next step following graduation from the award-winning Downtown Doral Charter Elementary School. The community will also contain a senior living component.
"The expansion into the White Course will mirror the designs of the urban mixed-used development to create one seamlessly integrated – and special – community. The master plan as well as Codina Partners’ ownership of the existing Downtown Doral project will not be affected."