Lennar buys 36 acres in Hialeah for $24 million

Miami home-building giant Lennar has paid $24.16 million for a 36-acre parcel of land in Hialeah, according to Miami-Dade County property records.

The land is part of Bonterra, a 128-acre master-planned community just west of Interstate 75 and south of Northwest 154th Street. It is being developed by Fort Lauderdale-based BBX Capital, which sold the land to Lennar.

In an announcement, BBX said Lennar plans to build 463 single-family and townhomes on the site. Lennar declined to comment on its plans.

BBX estimated that the deal was worth about $26 million in a filing with federal regulators.

This story was originally published December 23, 2015 at 12:40 PM with the headline "Lennar buys 36 acres in Hialeah for $24 million."