Newspaper article Sarasota Herald Tribune

Lennar Has New Concept and Project

Newspaper article Sarasota Herald Tribune

Lennar Has New Concept and Project

Article excerpt

The builder will offer its Next-Gen model with a home within a home at Bridgewater at Lakewood Ranch

AS NEW HOME CONSTRUCTION booms again in Southwest Florida, Lennar Homes has joined the legion of builders launching new projects.

The Miami-based company, one of the nation's largest home builders, broke ground last week on Bridgewater at Lakewood Ranch, which will contain 292 single-family homes.

Lennar, already building in 10 communities in Manatee and Sarasota counties, plans to construct its Manor Homes and Estate Homes collections at Bridgewater, a 151-acre site off State Road 70 it acquired from Lakewood Ranch developer Schroeder-Manatee Ranch.

The company anticipates a three- to five-year buildout, said Matt Devereaux, vice president of sales and marketing for Lennar in Southwest Florida.

"We expect to have a lot of demand in the community," he said. "We've come up with 10 floor plans for homes from over 2,200 square feet to over 3,800 square feet.

"A lot of folks are buying new construction, because the resale inventory in the Sarasota area is way down," he said. "When it comes to a new or a used home, if price and all things are equal, who wouldn't want to buy a new home?"

The company also is rolling out its "NextGen" home in the new neighborhood, and at the other communities in the region, including River Strand in Bradenton and Stoneybrook at Venice. The "home within a home" provides private living space within the family home with separate entries, bedrooms and baths, eat-in kitchens and, in some cases, private garages.

The homes are aimed at multi-generational families, Devereaux said. In today's world, adult children often live with their parents. Seniors may move in with their children. Older children may be still living at home while attending college or becoming established.

"For thousands of American families today, the family unit includes grandparents, in-laws or adult children, sometimes with children of their own," he said.

Lennar builds in 18 states. In Florida, it has communities in 11 metro markets.

The company delivered 4,449 homes in the second quarter ended May 31, a 39 percent increase over the same period last year. …

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