Score one for powerhouse homebuilder D.R. Horton, which held off on a $38 million land deal in 2005. The Texas developer ended up buying much of the property for $5.9 million.
May 12, 2015 at 12:00 AM
1 minute read
In 2005, powerhouse homebuilder D.R. Horton had its eye on 16 acres along North Dixie Highway in Oakland Park.
It was close to the height of the residential market in South Florida, and Horton, one of the nation’s largest homebuilders, was willing to pay north of $2 million per acre for the land used as a tomato farm in the 1970s.
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