Minto Communities USA has taken another step toward diversifying the product offering and home prices in Westlake, the 3,800-acre master-planned community it is developing in Central Palm Beach County.
Minto has sold a 63-acre parcel to Label & Co. The parcel is approved by the City of Westlake to build 204 single-family detached homes. The acquisition closed June 19. Terms were not disclosed. Minto is approved for 4,500 homes and more than 2 million square feet of commercial development at Westlake.
Sky Cove of Westlake will be a gated community offering 3- and 4-bedroom homes ranging in size from 1,400 to 2,200 square feet. These new single-family home designs from Label & Co. will start in the low $300,000s.
“This transaction is another example of our promise to offer a variety of products and price points at Westlake,” said Mike Belmont, president of Minto Communities USA. “We aim to attract buyers from all walks of life with various housing needs who desire the exciting lifestyle we are creating at Westlake.”
Fort Lauderdale-based Label & Co. is the second outside homebuilder that Minto has welcomed into Westlake. Last month, it sold a 270-acre parcel to Kolter Homes, which is planning to develop a 55-plus active adult neighborhood with up to 800 homes.
“While Minto will remain the primary homebuilder in Westlake, we will invite other quality builders when we see an opportunity to create additional value for the community,” Belmont said.
To date, Minto has sold approximately 300 single-family homes in its first two neighborhoods, the Hammocks and the Meadows. Home prices start in the high $200,000s and a variety of move-in-soon homes are available for quick closings. Minto’s six designer model homes are open daily for touring.
All Westlake residents have access to the multi-million-dollar amenities center known as the Westlake Adventure Park, which recently opened to residents.
Non-residential development is also taking shape at Westlake. In April, the first new commercial development and healthcare facility in the city, ER at Westlake, opened to patients. FPL is currently developing a new solar farm, and construction is well underway on a new Palm Beach County Fire-Rescue station and district headquarters.
Westlake is located at 16610 Town Center Parkway North off Seminole Pratt Whitney Road between Southern Blvd. and Northlake Blvd.
For more information, call (888) 299-3628 or visit www.westlakefl.com.