Keller Williams

Canada’s top builder acquires Sarasota golf course

Mattamy Homes paid more than $14 million for the 120-acre property

May 08, 2016 12:30PM

Mattamy Homes, the largest home builder in Canada, acquired a long-closed golf course in Sarasota and plans to build hundreds of homes there.

Toronto-based Mattamy paid more than $14 million for the 120-acre Sunrise Golf Club in Sarasota, which has been closed since 2004.

Working with Sarasota-based developer Vanguard Land, Mattamy plans to build approximately 400 single-family homes and multi-family units at abandoned golf course.

A condominium association representing residents who live along the weed-covered golf course negotiated a covenant with Mattamy that requires, among other things, a 175-foot buffer between existing residences and new ones.

The Canadian company has been operating in Florida since it acquired a construction company in Jacksonville.

Mattamy opened its Orlando division in 2009 and its Tampa-Sarasota division in 2013. [Sarasota Herald-Tribune] — Mike Seemuth

– See more at: http://therealdeal.com/miami/2016/05/08/mattamy-homes-to-redevelop-sarasota-golf-course/#sthash.tCoBm9cg.dpuf