Minto Sells 63-Acre Parcel in Westlake to Fort Lauderdale-Based Homebuilder
City of Westlake, FL (June 20, 2019) — Minto Communities USA has taken another step towards diversifying the product offering and home prices in Westlake, a 3,800-acre master-planned lifestyle community it is developing in Central Palm Beach County.
The award-winning developer/builder has sold a 63-acre parcel to Label & Co., which 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 $300s.
"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 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," said Belmont.
To date, Minto has sold approximately 300 single-family homes in its first two neighborhoods, The Hammocks and The Meadows of Westlake. Home prices start in the high $200s 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 opened to residents last month. The centerpiece is a large resort-style lagoon pool with a waterslide, splash pad and the Scoops Ice Cream and Snack Shack concession stands. The Westlake Adventure Park also features a concert pavilion, expansive recreational lawn areas with shade pavilions and grills for picnics, lawn games and community events, a bicycle pump park, adventure playground and bocce ball courts. An adult pool and outdoor basketball courts will be added during phase II.
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 station and district headquarters.
Westlake is located at 16610 Town Center Parkway North in the City of Westlake on Seminole Pratt Whitney Road between Southern Blvd. and Northlake Blvd. For more information on the community, call 888-299-3628 or visit www.WestlakeFL.com.
About Minto Communities USA:
Minto Communities USA, based in Florida since 1978, has represented integrity, financial strength and enduring value for over 40 years. Minto builds exceptional new homes and communities to meet every lifestyle, with more than 25,000 new homes built in 48 communities. Minto is dedicated to continuous improvement in design, quality and customer experience. These are just some of the elements that set Minto apart as an exceptional homebuilder and community developer and have earned the company national recognition that includes consistently high rankings from Eliant Customer Service Surveys. Minto has been recognized with multiple national awards from the National Association of Home Builders (NAHB) for community and home design, including Best Mixed-Use Community and Best Clubhouse for The Isles of Collier Preserve in Naples, Florida; and Best Clubhouse for the Harbour Isle Beach Club in Sarasota-Bradenton, Florida. Minto won several Southeast Building Conference 2018 Aurora Awards, including the Grand Award for Best Multi-Family Residential Community for One Particular Harbour Margaritaville in Sarasota-Bradenton, Florida; and the Silver Award for Best Single-Family Residential Community for Westlake in the City of Westlake, Florida. Minto is also recognized throughout the homebuilding industry as an expert in developing active-adult communities. The NAHB named Minto as 2019’s 55+ Builder of the Year and Latitude Margaritaville Daytona Beach as Best 55+ Community of the Year.