Lennar Corporation (LEN) and Related Companies Initiates Construction on Tuxedo Reserve

Lennar Corporation (NYSE:LEN) and Related Companies have officially launched construction on Tuxedo Reserve. The project involves a transformative 1,200-acre master-planned community located in the scenic Hudson Valley. The two companies are set to reshape residential life just 30 miles from Manhattan by incorporating and integrating residential, commercial, and green spaces.

Lennar Corporation (LEN) and Related Companies Initiates Construction on Tuxedo Reserve

A construction crew installing roof tiles on a newly built row home.

Lennar Corporation (NYSE:LEN) will develop a collection of single-family and town homes, and Related Companies will oversee the creation of an all-season town center, The Village at Tuxedo Reserve. In addition to retail and dining, the town center will also feature curated programming. The project marks Lennar Corporation (NYSE:LEN)’s expansion in the New York metro area, signaling confidence in regional demand despite a recent 3.22% decline in monthly stock performance.

The project’s location, between Sterling Forest and Harriman State Park, helps to connect the residents’ lifestyle with nature. Dana Romano, Lennar Corporation (NYSE:LEN)’s New York/New Jersey Division Manager, made the following statement.

“…offering more than just a place to live, but a place to truly thrive. Tuxedo Reserve will be a destination that embodies a vibrant lifestyle.”

Sales of residential units are scheduled to begin in 2025, followed by rental availability in 2026. Years of local planning and community input were injected into the initiative, and the project could potentially expand the company’s appeal to upstate buyers looking for premium amenities outside congested urban zones.

Lennar Corporation (NYSE:LEN) is among America’s foremost homebuilders. Founded in 1954, the company offers homes across income brackets and provides financial and title services, and develops multifamily rental communities.

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