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Lennar has joined a new residential development in Coconut Creek following a $68 million land deal. The project, called Mainstreet at Coconut Creek, covers 170 acres and includes plans for housing, retail space, and preserved green areas. This construction project in Coconut Creek is one of the larger mixed-use developments currently planned in Broward County real estate projects.
A Historic Land Deal in Coconut Creek
The deal began when Johns Family Partners sold their farmland, located between Wiles Road, Lyons Road, Sample Road, and State Road 7, for a combined $68 million. The buyers, a joint venture known as GSR RE Partners, include Rosemurgy Properties, 13th Floor Homes, Schmier Property Group, and Giles Capital Group.
Shortly after acquiring the site, GSR sold a large portion to Domain Real Estate Partners, a land bank acting on behalf of Lennar, one of the country’s top homebuilders. Lennar paid $40.4 million for land slated for townhomes, villas, condos, and a shared clubhouse. They will also pay GSR a fee for every home sold in the new community, according to recent articles.
What’s Coming to Mainstreet at Coconut Creek?
The construction project in Coconut Creek will include 1,650 residential units and 225,000 square feet of commercial space. Lennar is set to build 414 townhomes, 148 villas, 296 condos, and a shared clubhouse for residents. GSR RE Partners retained land for 792 apartments and all retail components, including an 80,000-square-foot grocery-anchored shopping plaza.
The development also features a 14-acre wetland preserve and more than six miles of biking and jogging trails, offering a mix of housing, shopping, and green space that supports the growing demand for walkable, mixed-use communities in South Florida.
Why Mainstreet Matters to Coconut Creek?
Mainstreet at Coconut Creek isn’t just another neighborhood. It’s one of the largest developments in Broward County real estate, located in a high-growth corridor surrounded by schools, parks, shopping centers, and major roadways.
The land, originally farmed by the Johns family since 1921, will now support a modern, sustainable city center that preserves natural areas while meeting the city’s housing and commercial needs. Developers also executed a land swap with the city to make the layout more compact and functional.
Project Timeline and Future Outlook
Construction of the first homes is expected to begin in late 2025. With a projected buildout value exceeding $1 billion, the project is expected to take shape over the next several years. Each completed phase will add new homes and amenities, attracting residents from Coconut Creek and beyond.
As one of the few remaining large-scale land parcels in Broward County, this site is seen as a rare opportunity to shape the city’s future.
FAQs About the Construction Project in Coconut Creek
What is Mainstreet at Coconut Creek?
Mainstreet at Coconut Creek is a 170-acre mixed-use development in Coconut Creek, Florida. The project includes 1,650 residential units, 225,000 square feet of commercial space. It is one of the largest planned developments in Broward County.
Who is building the homes at Mainstreet at Coconut Creek?
Lennar, a nationally recognized homebuilder, is responsible for constructing the townhomes, villas, condos, and a shared clubhouse. GSR RE Partners, the original land purchaser, will develop the apartment buildings and manage the commercial and retail portions of the project.
When will construction start at Mainstreet at Coconut Creek?
Construction for Mainstreet at Coconut Creek is expected to begin in late 2025. Development will occur in phases, with residential units and commercial spaces opening over time.
What types of homes will be available in the community?
The residential portion includes 414 townhomes, 148 villas, and 296 condos built by Lennar, along with 792 rental apartments retained by GSR RE Partners.
Where is the Mainstreet at Coconut Creek development located?
The project site is located in central Coconut Creek, bordered by Lyons Road to the east, Wiles Road to the north, Sample Road to the south, and State Road 7 to the west.
What amenities will Mainstreet at Coconut Creek offer?
The development will feature an 80,000-square-foot grocery-anchored retail plaza, a shared clubhouse, a 14-acre wetland preserve, and over six miles of biking and jogging trails. These features are designed to promote walkability, outdoor recreation, and access to essential services for residents.
Work With a Trusted Coconut Creek Real Estate Agent
This construction project in Coconut Creek may create more housing opportunities in a market where new land is limited. The variety of housing types, townhomes, condos, and villas, will appeal to different buyers. Lennar Coconut Creek properties are expected to offer a range of options for buyers seeking modern housing in a well-connected part of the city
The Mastropieri Group, Realtors are here to help you make informed decisions in a growing market. Call us today at (561) 544-7000 to learn more about upcoming listings and investment options.
Posted by Larry Mastropieri on
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