Developer Acquires 22 Lots in Weston, Florida

13th Floor Investments has completed a $6.15 million acquisition of 22 home sites at Windmill Reserve, an exclusive gated estate community in Weston, Fla. The lots cover approximately 20 acres of the 139-acre community and are immediately available to buyers looking to build custom luxury homes in one of South Florida’s most sought-after neighborhoods, the firm says.

13th Floor is jumpstarting Windmill Reserve after the sites’ previous ownership, a company tied to the estate of Victor Posner, filed for Chapter 11 bankruptcy in August of last year. 13th Floor’s home sites represent the majority of the remaining lot inventory in the entire City of Weston with the only other remaining option being to purchase older homes for demolition and redevelopment.

“As a result of this acquisition, 13th Floor is creating an avenue for new construction in one of South Florida’s most desirable neighborhoods,” says 13th Floor Investments senior vice president, Don Ginsburg. “These sites are among the last remaining buildable lots for luxury in Weston, as residents look to take advantage of the area’s A-rated public schools, centralized location and high quality of life.”

Prices for individual lots start at $500,000 with sizes ranging from a half acre to over one acre. Windmill Reserve is ideally located in southwest Broward County at the intersections of I-75, I-595 and the Sawgrass Expressway.

Windmill Reserve is a waterfront, master-planned community that is accented by 139 acres of sparkling lakes and pristine preserves. Nationally recognized as one of South Florida’s most desirable places to live, the award-winning community of Weston is centrally located just 15 miles north of Miami, and less than 14 miles from downtown Fort Lauderdale.

Source: Developer Acquires 22 Lots in Weston, Fla. | Builder Magazine | Developers, Developments, Land Acquisition, Miami-Fort Lauderdale-Pompano Beach, FL, 13th Floor Homes