Keith Larsen | The Real Deal
Minto Communities sold 270 acres of its Westlake master-planned community to Kolter Homes for $52 million, for a planned age-restricted housing project.
Kolter Homes paid $192,592 per acre for the property in western Palm Beach County. It marks the first time Minto has allowed an outside builder in its 3,800-acre master-planned community, according to a press release.
Kolter, one of the largest homebuilders in the country, plans to develop an “active adult” neighborhood with 800 homes. In total, Westlake could total 4,500 homes with more than 2 million square feet of commercial development.
![[Renderings] Kolter Urban Breaks Ground on Graydon Buckhead Condos Thumbnail](/wp-content/uploads/2020/04/graydonbuckheadrenderingwhatnowatl-min-396x324-1.png)
