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Lennar buys land ripe for development in Delray Beach

Miami-based Lennar Corp. just bought development land in Delray Beach, the South Florida Business Journal reports.

The seller was Barwick 40 Delray LLC. Don Ginsburg of Katalyst represented the seller, an affiliate of Stellar Communities, in the deal. Lennar bought the 6.67 acres for $4.9 million.

Known as Banyan Court, the property at 13038 Barwick Road has been approved for 40 single-family home lots that range from 1,600 to 2,400 square feet.

The South Florida Business Journal notes that Lennar has recently invested in smaller projects as shown in January when the company purchased a home development site near Boynton Beach. The deal was also made with Stellar Communities. Lennar also recently purchased 234 acres west of St. Augustine.

Lennar is making news with its other assets as well. Its subsidiary Len X LLC will sell its residential solar power platform SunStreet to Sunnova Energy International for 7.22 million shares. Through a partnership, Sunnova will become the solar provider for Lennar’s communities.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.