After some cause for concern last week, Royal Palm Beach can breathe a sigh of relief.
The sale of its Crestwood property is moving forward after all, now that Lennar Homes locked in its commitment to buy the 154-acre site off Crestwood Boulevard.
Lennar had until Monday — the end of its investigation period — to decide whether it would move forward with the purchase.
Village Manager Ray Liggins said the homebuilder filed its notice to proceed late Friday.
“They are absolutely interested in purchasing it,” Liggins said. “They were just doing their due diligence.”
The anxiety last week stemmed from the Village Council’s decision to reject Lennar’s request for more time to decide whether it wanted to buy the land.
Lennar previously received a two-week extension in its investigation period resulting in Monday’s deadline, but a company executive said July 6 Lennar wanted another 34 days: four extra days this week, so Lennar could make a formal request at Thursday’s council meeting for a full 30-day extension.
Council members felt Lennar had had more than enough time to make its decision and investigate remnants of an old shooting range on the land.
Liggins said the next contractual milestone Lennar has to meet is simply closing on the sale. That will happen either before Dec. 31 or within 10 days of site-plan approval, whichever happens first.
Lennar plans to build 385 single-family homes on the property.