13th Floor Investments acquired 54 acres of vacant, entitled land in southern Miami-Dade County, Florida through an REO acquisition. The land was originally approved for 221 single-family homes and 113 townhomes. 13th Floor obtained approvals for the development of Hemingway Point, a project consisting of 321 single-family homes, recognizing the opportunity to meet the demand for local home buyers. Hemingway Point was developed implementing a phased approach in order to mitigate risks associated with development.

The lots were contracted to be sold in five tranches over four years to D.R. Horton, with the first taking place in March 2013. Furthermore, 13th Floor generated an additional income by issuing Community Development District bonds to finance improvements to public aspects of the community including infrastructure and public areas. In August 2017, the final tranche of 51 lots were sold to D.R. Horton and officially exited the project. 13th Floor continued to receive additional proceeds due from the sales of the 101 homes that D.R. Horton built and sold to end users.