GL Homes pays $50 million for vacant land west of Boynton Beach

Jan 03, 2018
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GL Homes says it has snapped up 255 acres of vacant land west of Boynton Beach for $50 million. The site is approved for 283 homes, said Larry Portnoy, a vice president at the Broward County builder.

It’s unclear how many houses GL might build, what the price range will be or whether the new neighborhood would be age-restricted, Portnoy said.

The site long had been owned by Kenco Ansca Delray Holdings, which put the property on the market in November. The tract is bordered by State Road 7, Lyons Road and 130th Street South.

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