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Lennar Corp.'s multifamily arm acquired a 1.6-acre development site in downtown Doral, Fla., for $11 million from a joint venture between CC Homes at Doral LLC and Lennar Homes LLC, the South Florida Business Journal reported.
The land acquired by Lennar's multifamily arm was approved for 180 units in eight stories.
In 2016, CC Homes and Lennar Homes paid $96 million for the 130-acre White Course golf course in order to expand downtown Doral, and the recently sold parcel was part of that land.