Lennar Breaks Ground on Veleiros at Crystal Lake, Deerfield Beach's First New Master-Planned Community in More Than 25 Years

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Dignitaries, press and community members came together today as Lennar, the nation's #1 homebuilder, broke ground on Veleiros at Crystal Lake, Deerfield Beach's first new master-planned community in more than 25 years. The unforgettable, lush resort-style community, nestled around sparkling Sailboat Lake, will feature hundreds of single-family homes and townhomes.

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The extraordinary Veleiros at Crystal Lake will boast a vast array of popular Coastal home designs.

Today's Veleiros at Crystal Lake groundbreaking marks the first time in decades that a new, master-planned community will be built in Deerfield Beach - ultimately, supporting and contributing significantly to the local economy and businesses.

Top South Florida homebuilder Lennar proudly broke ground today on Veleiros at Crystal Lake - the first new master-planned community in Deerfield Beach in more than 25 years. The over 100-acre elegant resort-style Veleiros community will offer 415 single-family homes and townhomes nestled around stunning Sailboat Lake on the former site of the Crystal Lake Golf Club. When completed, the prestigious community will be one of the largest subdivisions in Deerfield Beach.

Deerfield Beach Mayor Bill Ganz, Hoyer Investment Corporation Founder Stefan Hoyer, and Lennar Palm Atlantic Division President Dan Grosswald and Vice President of Sales Christopher Leimbach, were all on hand for the ceremonial groundbreaking celebrating the introduction of Veleiros at Crystal Lake.

"Today's Veleiros at Crystal Lake groundbreaking marks the first time in decades that a new, master-planned community will be built in Deerfield Beach - ultimately, supporting and contributing significantly to the local economy and businesses," said Lennar Palm Atlantic President Dan Grosswald. "We are proud to be joined here today by local dignitaries and community members to celebrate this unprecedented community that will combine superior modern living with extraordinary luxury and convenience."

Veleiros at Crystal Lake will feature one- and two-story single-family homes from the low $300s, and townhomes from the upper $200s, with three- to four-bedrooms, two- to three-bathrooms and expansive attached garages. This extraordinary community will also boast a vast array of popular Coastal home designs and unparalleled onsite resort-style amenities for the entire family.

Situated just minutes from South Florida's world-class pristine sand beaches, Veleiros at Crystal Lake is also located between major thoroughfares I-95 and Florida's Turnpike in Broward County for easy access to the best of everything the region has to offer.

All of the homes in Veleiros at Crystal Lake will be filled with premium features and finishes, including stainless steel appliances, wood-finish cabinetry, granite countertops, oversized ceramic tile flooring, and Lennar's home automation platform as part of the company's popular Everything's Included® package.

Veleiros is also one of the Lennar communities in the market with the homebuilder's new Wi-Fi CERTIFIED™ Connected Home Designs with Amazon. These cutting-edge homes keep owners connected to the most desirable tech devices, which are all included with their new home purchase.

Veleiros is located off Military Road at 4036 Veleiros Boulevard in Deerfield Beach, FL. More information is available by calling 833-225-0045 or visiting: http://www.lennarpalmatlantic.com

About Lennar Palm Atlantic

Lennar's Palm Atlantic division builds homes in the most desirable cities on the Treasure Coast, across The Palm Beaches and in Broward County. New Lennar communities now selling on-site with top class amenities for the best possible value include: Bent Creek, a vibrant resort-style community in Fort Pierce the "Sunrise City"; Copper Creek, combining luxury and leisure in family-friendly Port St. Lucie; Millstone Landing, offering family fun amenities and carefree living in Vero Beach; and Verona Trace, an unforgettable enclave of lovely single-family homes and townhomes in Vero Beach. To learn more, visit: http://www.lennarpalmatlantic.com.

About Lennar

Lennar Corporation, founded in 1954, is one of the nation's largest builders of quality homes for all generations. The Company builds affordable, move-up and retirement homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of the Company's homes and others. Lennar's Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about the Company may be obtained at the "Investor Relations" section of the Company's website, http://www.lennar.com.

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