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Aurora to sell 18 acres to Lennar for 159 townhomes; closing contingent on approvals
Summary
City staff told the council the city selected Lennar through an RFQ to buy 18 acres east of Farnsworth Avenue for a 159-unit for-sale townhome community; sale price is roughly $6.0 million and closing is contingent on entitlements and final approvals.
The Aurora City Council reviewed a staff recommendation to sell roughly 18 city-owned acres east of Farnsworth Avenue to Lennar Builders for $6,000,042, with the developer proposing 159 for-sale townhomes.
City staff said the sale follows a request for qualifications and an evaluation by a steering committee. Trevor (assistant director, Mayor's Office) told the council the city bought the land in mid‑2024 to steer future development and that Lennar was selected as “the highest, and most qualified bidder.” He said, “They are requesting no city incentives.”
The sale matter was presented as a resolution (25Dash0349) at the finance committee and placed on the consent agenda after questions from aldermen. The staff presentation said the city had originally paid a little over $5.8 million for the parcels; the proposed…
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