Standard Pacific Homes, one of the country’s largest homebuilders, has acquired five sites from Crescent Resources at its Chapel Grove development near Lake Wylie, N.C., the Charlotte Business Journal [1] reported. The company will also purchase an additional 28 sites in the luxury home development.
Designs for the Chapel Grove sites range from 2,600 to 3,800 square feet and start around $300,000. Standard Pacific will break ground this month, and the development is expected to be completed in 2012.
Chapel Grove encourages green-building techniques and environmentally sensitive practices.
Links:
[1] http://www.bizjournals.com/charlotte/news/2010/12/14/crescent-resources-sells-33-home-sites.html