GL Homes’ Palm Beach County buying spree snaps up 200 more acres
GL Homes is doubling down on Westlake, snapping up a major chunk of one of Palm Beach County’s fastest-growing master-planned communities. The Sunrise-based homebuilder bought 192 acres in Westlake for $80 million this week, public records show. That’s $417,000 per acre. The builder plans to acquire another tract for $40 million next year, the South Florida Business Journal reported. Minto Communities USA, Westlake’s master developer, was the seller. The acquisition gives GL Homes control of one of the largest undeveloped tracts in the county, as residential and commercial development continues to push westward. Housing, retail and civic amenities have taken […]This article originally appeared on The Real Deal. Click here to read the full story.
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