Lennar is moving forward with plans to build a 146-unit townhome community in south Miami-Dade County. The project, named Villas De San Diego, will be located on a 12-acre site at the southeast corner of Southwest 355th Street and Southwest 192nd Avenue, adjacent to the Navy Wells Pineland Preserve.
According to filings submitted by Lennar to Miami-Dade County, the development will consist of two-story townhomes with starting prices in the high $300,000s. The site was previously an avocado orchard.
The land for Villas De San Diego was acquired in May by TPG Angelo Gordon, a New York-based private equity firm, for $12.3 million. TPG Angelo Gordon is acting as a land bank for Lennar by purchasing and holding the property until construction begins. This arrangement allows Lennar to secure land for future projects without immediately recording it on its financial statements.
Lennar first proposed a version of this project in 2023 with 137 homes and received approval last year for an expanded plan totaling 146 units.
In recent years, south Miami-Dade has attracted increased attention from developers due to its available land supply. Over the past five years, Lennar has completed nearly 8,430 single-family homes and townhomes in the area—accounting for about 70 percent of all new residential construction during that period. The company is also responsible for developing around 60 percent of housing currently under construction in south Miami-Dade.
Lennar was co-founded by Leonard Miller in the 1950s and is now led by co-CEOs Jon Jaffe and Stuart Miller. Stuart Miller is Leonard Miller’s son. Nationally, Lennar ranks as the second largest homebuilder.
Other ongoing projects by Lennar in south Miami-Dade include Century Parc Villas North—a planned complex of 125 townhomes near Villas De San Diego—and an upcoming development of 88 homes on a site at Southwest 288th Street and Krome Avenue in Redland that will feature some model homes built using 3D printing technology. Additionally, near Homestead, Lennar has proposed building another community with 106 townhomes—including units designated as workforce-priced—on a vacant parcel at Southwest 338th Street and Southwest 192nd Avenue.
