Mattamy Homes has entered Port St. Lucie Florida in a big way by buying a large tract in the Tradition master plan. Markets Insider reports:
Mattamy Homes, the largest privately-owned homebuilder in North America, recently closed on more than 7,800 residential lots in Tradition to establish the company's flagship development in the South Florida region.
The purchase provides Mattamy with 2,780 acres planned for 7,800 homesites for single-family, multifamily and active-adult homes, as well as 150 acres of commercial land. The build out will take from 10-15 years with prices ranging from the low-200s to 400s. According to a recent Metrostudy market summary report, Tradition is the Top Selling Community in the region for 2017 with more than $270 million in existing infrastructure investments, a thriving town center with neighborhood focused retail including anchors such as Publix and Target, and the area's strongest schools.
"This is a significant move into the South Florida market, that demonstrates we're committed to the region due to its vibrant and sustained growth," said Lara Swanson, Mattamy's Southeast Florida Division President. "We bring a depth of knowledge and have an incredible team in place to re-invigorate. Tradition, expand on Tradition's well-known brand and offer new product to an already strong sales market. We are excited to be part of this unique and thriving community and are ready to fulfil the ultimate vision of Tradition."