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H Group and Lennar have started selling homes in a new luxury community near Aventura. The Greenview at Presidential Estates project is a joint venture between these two companies. The project will have six different options for homes, ranging in price from $2.5 million to $3.5 million. These homes will have four, five, or six bedrooms.

    The project is being built on land that was once a golf course. The land was bought by BH and Lennar for $17.5 million after they reached a settlement agreement with the Presidential Estates homeowners association. This association represents the owners of an existing gated community of 136 houses.

    The joint venture plans to start working on the site within the next 45 days. The first phase of the project is expected to be finished in the fourth quarter of next year.

    The project was originally supposed to have 136 houses, but due to a settlement agreement with the Presidential Estates homeowners association, the number of houses was reduced to 103. The developers also agreed not to rent any of the new houses and not to allow any single buyer to purchase more than three lots.

    Lennar, one of the largest homebuilders in the country, has also purchased other land in Homestead and Miami Shores for future projects. In Homestead, they paid $16.6 million for a site where they plan to build 105 single-family homes. In Miami Shores, they are under contract to buy 24 acres owned by Barry University. Lennar has significantly downsized their plans for The Shores project, which was originally supposed to have more than 600 townhomes and multifamily units. Now, they plan to build only 277 townhomes instead.