Lennar to Build 200 Homes on Land Once Owned by Prince in Chanhassen

In Blog, Real Estate on July 26, 2018 by Community Expert Team
Lennar to Build 200 Homes on Land Once Owned by Prince in Chanhassen

Lennar, the biggest home builder in Minnesota, is looking to Chanhassen for a new development that would give potential homebuyers something to brag about.

According to the Star Tribune, The Lennar Corp. has agreed to purchase 188 acres of land owned by Prince’s estate, and plans to build a 200-home development on the site.

Prince owned the sprawling 188-acre site at 7141 Galpin Blvd., as well as a home that was once on the site, but his estate put the land up for sale following his death in 2016, the report said.

The land has a tax value of more than $20 million, according to the report.

The City Council will vote on the proposal Aug. 13. If approved, construction could begin by fall 2019, the report said.

Read more here.

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This local update courtesy of your Chanhassen Community Expert.

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