South Florida Business Journal's Brian Bandell reported Feb. 12th:
Even if Lennar and its co-developers are able to keep Parkland (we have reported on the project) moving forward, it is uncertain whether successful development can take place there, Jack McCabe says. Most of the land where Lennar Corp. has proposed building 7,000 homes for its Parkland project in southwestern Miami-Dade County is tied to a $44.6 million loan that went into default after it matured in October.
"...The maturity date was set for Oct. 29, 2009. No extension is on file in court records, and City National Bank officials declined to comment on the status of the loan," same with Ed Easton and Lennar Corp. reps.