May 3, 2019— Minto Communities USA has taken the first significant step toward diversifying the product mix in Westlake. The award-winning developer/builder has sold a 270-acre parcel within the 3,800-acre master-planned community to Kolter Homes, which plans to develop an age-restricted, active adult neighborhood. The acquisition closed April 26. Terms were not disclosed.
Kolter intends to build up to 800 homes under its Cresswind brand, although specific house plans have not yet been submitted to the city. This marks the first time Minto has welcomed an outside builder into Westlake, which is approved for 4,500 homes and more than 2 million square feet of commercial development.
Westlake is one of the fastest growing communities in all of Palm Beach County according to building records. To date, Minto has sold nearly 300 single-family homes in its first neighborhood, The Hammocks, and recently started selling select homes in a second neighborhood, The Meadows. Prices for both neighborhoods start in the high $200,000s. Move-in-soon homes are available.
The land sale to Kolter reflects Minto’s desire to broaden the product offering within Westlake.
“Our goal from the outset was to create a lifestyle community that attracts people of all ages with different housing needs,” said Mike Belmont, president of Minto Communities USA. “By bringing in other quality builders with different home styles, specifications and price points, we can make Westlake more attractive to a wider group of homebuyers.”
Belmont said Minto is currently under contract to sell another parcel of land to a second homebuilder and expects to make an announcement in the coming weeks.
Buyers in Cresswind will have access to Minto’s multi-million-dollar amenities center known as the Westlake Adventure Park, which is slated to open early this summer. The Adventure Park consists of a concert pavilion, expansive recreational lawn areas with shade pavilions and grills for picnics, lawn games and community events, a bicycle pump park, adventure playground and bocce ball courts. There is also a resort-style lagoon pool with a waterslide, splash pad and concession stand. An adult pool and outdoor basketball courts will be added during phase II.
Non-residential development is also taking shape at Westlake. Earlier this month, the first new commercial development and healthcare facility in the city, ER at Westlake, opened to patients. FPL recently broke ground on a new solar farm, and construction is well underway on a new county fire station and district headquarters.
Westlake is located at 16610 Town Center Parkway North in the City of Westlake on Seminole Pratt Whitney Road between Southern Blvd. and Northlake Blvd. For more information on the community, call 888-299-3628 or visit www.WestlakeFL.com.