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In 2007, it was the fifth largest privately owned home building company in the United States (per number of units sold) according to Builder Magazine's 2007 Builder 100 report. The company initially built only in the Chicago area, but expanded to Colorado and Florida in the early 1970s.
A residential cluster development, or open space development, is the grouping of residential properties on a development site to use the extra land as open space, recreation or agriculture. It is increasingly becoming popular in subdivision development because it allows the developer to spend much less on land and obtain much the same price per ...
In October 2014, the company purchased Oakmont Home Builders and expanded into North Carolina, South Carolina. [19] In 2015, LGI Homes expanded into Jacksonville, Florida, and Seattle, Washington. [20] In 2016, LGI Homes was named ProBuilder’s ‘Builder of the Year;’ [20] the company was active in 16 markets and 10 states. [20] [21]
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
This allows builders to offer lower prices, which in turn can make houses affordable to a larger percentage of the population. Early tract houses were often identical, but many tracts since the late 20th century have several designs and other variations in footprint, roof form, and materials, along with options such as garage bays, for a more ...
Lennar dates back to F&R Builders, a company founded in 1954 by Gene Fisher and real estate developer Arnold P. Rosen. In 1956, Leonard Miller, who later became the namesake of the Miller School of Medicine at the University of Miami, a 23-year-old entrepreneur that owned 42 lots in Miami-Dade County, Florida, invested $10,000 and partnered with the company.
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Robert Taylor Homes was a public housing project in the Bronzeville neighborhood on the South Side of Chicago, Illinois from 1962 to 2007. The largest housing project in the United States, it consisted of 28 virtually identical high-rises, set out in a linear plan for two miles (3 km), with the high-rises regularly configured in a horseshoe shape of three in each block.
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