D.R. Horton has submitted plans for a 108-unit townhome development in Florida City, marking another effort by the homebuilder to expand in south Miami-Dade County.
The Texas-based company has identified a 7.2-acre parcel for the project, located at 530 Southwest Third Avenue, 354 Southwest Seventh Street, and two neighboring lots. These details are outlined in an application the developer filed with Miami-Dade County in late November.
According to the application, D.R. Horton is under contract to acquire the four-lot property, though the purchase price remains undisclosed.
Property records show the land is currently owned by the Torcise family, who have long been involved in farming in the Florida City area.
The proposed development would feature two-story buildings, each containing between five and twelve townhomes, according to the submitted site plan.
D.R. Horton, led by CEO Paul J. Romanowski, is recognized as the nation’s largest homebuilder.
The company has a longstanding presence in south Miami-Dade, a region known for its relatively affordable, buildable land.
In the past five years, D.R. Horton has developed 16 percent of all single-family homes and townhomes constructed in south Miami-Dade, according to research from Colliers. The company is also behind 23 percent of the area’s homes that are either under construction or in the development pipeline.
Elsewhere in south Miami-Dade, D.R. Horton is planning a community with 190 townhomes and 57 single-family homes at the southwest corner of Southwest 344th Street and 193rd Avenue. This site is located in an unincorporated part of the county.
Developers have been active in south Miami-Dade over the past five years, seizing opportunities to build on the area’s many vacant lots. This surge in project proposals is partly due to an influx of new residents from outside Florida, which has fueled demand and intensified competition in the region’s housing market.
In Florida City, Lennar is also planning a 521-unit townhome community at the southwest corner of Southwest 167th Avenue and Southwest 344th Street. Garrett Development, which serves as a land bank for Lennar, purchased the 37.8-acre site last year for $20.4 million.
This April, Boston-based Freehold Capital Management acquired a 50-acre land assemblage at the southeast corner of Southwest 344th Street and Southwest 199th Avenue near Florida City for $31.6 million. That property was previously slated for a 309-unit rental townhome development.
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