Lennar is about to become America’s largest homebuilder — here are some of its latest projects

A rendering of Lennar's Hunters Point/Shipyard development in San Francisco, California.

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A rendering of Lennar’s Hunters Point/Shipyard development in San Francisco, California.
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Lennar Urban

On Monday, Lennar Corporation announced plans to buy smaller rival CalAtlantic Group, making it the largest homebuilder in the United States. The stock-and-cash deal is valued at about $9.3 billion, including a debt of $3.6 billion.

Lennar and CalAtlantic already have large footprints across the US. Combined, the two corporations have 240,000 building plots in 21 states, a market value of around $18 billion, and a revenue of $17 billion over the past year.

The announcement follows ongoing labor shortages, increased regulatory costs, and a summer of powerful hurricanes that destroyed thousands of homes, mostly in Texas, Florida, the Caribbean Islands, and Puerto Rico. According to The New York Times, Lennar and CalAtlantic hope that by merging, they can address some of the issues that emerged from the disasters, includinga decline in construction in the South.

Take a look at some recent projects from Lennar and CalAtlantic below.


Based in Miami, Florida, Lennar Corporation has built hundreds of thousands of homes since its founding in 1954.

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Workers are seen as new construction takes place at the Umbria a Lennar Corp. project on September 19, 2011 in Miami, Florida.
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Joe Raedle/Getty Images

Source: Lennar


CalAtlantic Group, an Arlington, Virginia-based homebuilder, has constructed properties in 19 US states.

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The Paseos village of Summerlin developed by CalAtlantic in the Las Vegas Valley of Nevada.
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CalAtlantic

Source: CalAtlantic


In March 2017, Lennar acquired Westchester Pavilion in White Plains, New York for $56.6 million. The company will redevelop the site into 700 apartments and 90,000 square feet of retail space.

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A rendering of the proposed project at the current site of Westchester Pavilion.
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Lennar

Source: Urstadt Biddle Properties


In August 2017, a gated neighborhood dubbed the “Paseos village of Summerlin” in Las Vegas, Nevada began selling townhomes developed by CalAtlantic. They feature Spanish-inspired architecture.

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Summerlin

Source: The Howard Hughes Corporation


By early 2018, Lennar will start building a 271-unit luxury apartment complex in Plantation, Florida. The development will be located next to an office park.

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Godart Florida Real Estate Investments

Source: The Sun Sentinel


Lennar and CalAtlantic homes range in price, depending on the project and location.

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A Southlake, Texas home in the Shady Oaks neighborhood, where houses start at $1,017,990.
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CalAtlantic

In 2015, an average Lennar house cost $358,000.

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A $260,990 Lennar home in Summerville, South Carolina.
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Lennar

Source: CNBC


CalAtlantic said that its average home price was $537,000 in 2014.

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A CalAtlantic condo building in Scottsdale, Arizona. Units range from $428,990 to $459,990.
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CalAtlantic

Source: Builders magazine


In June 2017, CalAtlantic proposed building 600 homes on one of the last prime waterfront properties in Miami-Dade, Florida. Local council members have not approved CalAtlantic’s plans yet.

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An old Florida Power & Light power plant site along the South Dade shore, which CalAtlantic, now a part of Lennar, may buy.
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Florida Power & Light

A month later, CalAtlantic paid $10.94 million for a property in Miami-Dade, Florida, according to The South Florida Business Journal. The site is approved for 220 homes.

Source: The Miami Herald


Over the next 15 years, Lennar Urban (the company’s city development division) will add 8,000 homes, 500 hotel rooms, 300 acres of parks, 140,000 square feet of retail, and 100,000 square feet of office space on Treasure Island, a man-made island off the coast of San Francisco.

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Skidmore, Owings & Merrill LLP; dbox; CMG

Treasure Island was formerly a toxic-waste site.


Lennar Urban is also building 12,000 homes at Hunter’s Point in San Francisco, California. The development is called The Shipyard.

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A rendering of Lennar’s Hunters Point/Shipyard development in San Francisco, California.
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Lennar Urban

The first homes became available in 2014, according to Curbed.


It will be one of Lennar’s largest urban projects yet.

A rendering of Lennar's Hunters Point/Shipyard development in San Francisco, California.

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A rendering of Lennar’s Hunters Point/Shipyard development in San Francisco, California.
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Lennar Urban