Miami-based Codina Partners and Lennar Corp. have jointly won a bid to purchase the closed White Course golf course in Doral, beating out presidential hopeful Donald Trump, among other competitors, The Real Deal website reported.
The sale has not closed, and the purchase price was not disclosed, but The Real Deal said the asking price for the 130-acre property exceeded $100 million. The seller is GIC, the sovereign fund of the government of Singapore.
The Real Deal quoted developer Armando Codina as saying his Codina Partners will split the land evenly with Lennar. Codina said he plans to build 390 single-family homes and 90 townhouses on his half.
The White Course, which had been redesigned by Greg Norman, sits across Northwest 87th Avenue from Trump’s Doral golf resort and is adjacent to Codina’s Downtown Doral development, a mixed-use project that includes townhomes, a condo tower, a charter school, offices and a significant retail component.