Lennar is about to become America's largest homebuilder - here are some of its latest projects

hunters point LennarA rendering of Lennar's Hunters Point/Shipyard development in San Francisco, California.Lennar Urban

On Monday, Lennar Corporation announced plans to buy smaller rival CalAtlantic Group, making it the largest homebuilder in the United States. The stock-and-cash deal is valued at about $9.3 billion, including a debt of $3.6 billion.

Lennar and CalAtlantic already have large footprints across the US. Combined, the two corporations have 240,000 building plots in 21 states, a market value of around $18 billion, and a revenue of $17 billion over the past year.

The announcement follows ongoing labor shortages, increased regulatory costs, and a summer of powerful hurricanes that destroyed thousands of homes, mostly in Texas, Florida, the Caribbean Islands, and Puerto Rico. According to The New York Times, Lennar and CalAtlantic hope that by merging, they can address some of the issues that emerged from the disasters, including a decline in construction in the South.

Take a look at some recent projects from Lennar and CalAtlantic below.

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It will be one of Lennar's largest urban projects yet.

It will be one of Lennar's largest urban projects yet.

Lennar Urban is also building 12,000 homes at Hunter's Point in San Francisco, California. The development is called The Shipyard.

Lennar Urban is also building 12,000 homes at Hunter's Point in San Francisco, California. The development is called The Shipyard.

The first homes became available in 2014, according to Curbed.

Over the next 15 years, Lennar Urban (the company's city development division) will add 8,000 homes, 500 hotel rooms, 300 acres of parks, 140,000 square feet of retail, and 100,000 square feet of office space on Treasure Island, a man-made island off the coast of San Francisco.

Over the next 15 years, Lennar Urban (the company's city development division) will add 8,000 homes, 500 hotel rooms, 300 acres of parks, 140,000 square feet of retail, and 100,000 square feet of office space on Treasure Island, a man-made island off the coast of San Francisco.

Treasure Island was formerly a toxic-waste site.

In June 2017, CalAtlantic proposed building 600 homes on one of the last prime waterfront properties in Miami-Dade, Florida. Local council members have not approved CalAtlantic's plans yet.

In June 2017, CalAtlantic proposed building 600 homes on one of the last prime waterfront properties in Miami-Dade, Florida. Local council members have not approved CalAtlantic's plans yet.

A month later, CalAtlantic paid $10.94 million for a property in Miami-Dade, Florida, according to The South Florida Business Journal. The site is approved for 220 homes.

Source: The Miami Herald

CalAtlantic said that its average home price was $537,000 in 2014.

CalAtlantic said that its average home price was $537,000 in 2014.

Source: Builders magazine

In 2015, an average Lennar house cost $358,000.

In 2015, an average Lennar house cost $358,000.

Source: CNBC

Lennar and CalAtlantic homes range in price, depending on the project and location.

Lennar and CalAtlantic homes range in price, depending on the project and location.

By early 2018, Lennar will start building a 271-unit luxury apartment complex in Plantation, Florida. The development will be located next to an office park.

By early 2018, Lennar will start building a 271-unit luxury apartment complex in Plantation, Florida. The development will be located next to an office park.

Source: The Sun Sentinel

In August 2017, a gated neighborhood dubbed the "Paseos village of Summerlin" in Las Vegas, Nevada began selling townhomes developed by CalAtlantic. They feature Spanish-inspired architecture.

In August 2017, a gated neighborhood dubbed the "Paseos village of Summerlin" in Las Vegas, Nevada began selling townhomes developed by CalAtlantic. They feature Spanish-inspired architecture.

Source: The Howard Hughes Corporation

In March 2017, Lennar acquired Westchester Pavilion in White Plains, New York for $56.6 million. The company will redevelop the site into 700 apartments and 90,000 square feet of retail space.

In March 2017, Lennar acquired Westchester Pavilion in White Plains, New York for $56.6 million. The company will redevelop the site into 700 apartments and 90,000 square feet of retail space.

Source: Urstadt Biddle Properties

CalAtlantic Group, an Arlington, Virginia-based homebuilder, has constructed properties in 19 US states.

CalAtlantic Group, an Arlington, Virginia-based homebuilder, has constructed properties in 19 US states.

Source: CalAtlantic

Based in Miami, Florida, Lennar Corporation has built hundreds of thousands of homes since its founding in 1954.

Based in Miami, Florida, Lennar Corporation has built hundreds of thousands of homes since its founding in 1954.

Source: Lennar

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