Lennar to Build Homes in Four New Charlotte Area Locations

Leading homebuilder Lennar has announced plans to develop four new communities in metropolitan Charlotte, bringing more than 400 new homes into the metro area’s improving housing market.

Lennar will introduce one new community – Franklin Meadows in Matthews – and begin building in three existing neighborhoods: Pecan Hills in Mooresville, Waterford Hall in Kannapolis and Walnut Creek in Indian Land, S.C. The news comes on the heels of the builder’s September announcement to add more than 700 homes in four other communities, demonstrating Lennar’s surging momentum in the Queen City area.

“As the Charlotte housing market continues to show signs of recovery, we’re committed to staying ahead of consumer demand by developing communities in the metro area’s most desirable locations,” said Jon Hardy, Lennar Charlotte division president. “Our strength as a leading national builder, with access to its own capital, means we can ensure consistent inventory levels to meet the needs of more homebuyers, and offer unsurpassed
value and quality.”

Franklin Meadows will consist of 86 single-family homes ranging from 2,700 to 3,400 square feet, with prices from the $240s. Located off Weddington Road just minutes from the Providence Road exit off I-485, the community will feature two- and three-story homes with four to six bedrooms, all with easy access to the shopping, entertainment and other conveniences of one of south Charlotte’s most popular suburbs.

Lennar will build the remaining 44 home sites at Pecan Hills, a popular neighborhood located off Shinnville Road just east of U.S. Highway 21 in Mooresville. Pre-sales are currently underway for Lennar’s 2,200 to 3,200-square-foot single-family homes, which will feature four to five bedrooms and two and a half to three and a half baths. Prices will start in the low $200s, making Pecan Hills perfect for everyone from first-time homebuyers to move-up buyers seeking more room for a growing family.

At Waterford Hall, Lennar will build the final 233 single-family homes in the burgeoning

Kannapolis community. Located off Shiloh Church Road along the meandering Rocky River, Waterford Hall features the low taxes and great schools of Cabarrus County, plus planned amenities including a swimming pool and cabana. Homes here will range from 2,700 to 4,200 square feet featuring two or three stories, four to six bedrooms and prices from the $250s.
Walnut Creek is Lennar’s fourth community in the booming Indian Land, S.C., area. Plans call for 55 homes in Lennar’s section of the multi-builder, master-planned neighborhood off Jim Wilson Road just on the South Carolina side of the border. The emphasis here is on affordability, with low South Carolina taxes and prices from the $170s for single-family homes with three to four bedrooms and ranging from 1,600 to 2,200 square feet. Planned amenities include more than 300 acres of green space and trails, plus a clubhouse, swimming pool, playground and a 60-acre county park boasting picnic areas, ballfields, and tennis and basketball courts.

All of these new Lennar homes are ENERGY STAR® 3.0 certified and feature Lennar’s signature Everything’s Included® program, which gives homeowners luxury features such as GE® stainless steel appliances, granite countertops and maple cabinetry as standard features in the home’s base price, with no surprises or hidden costs. With other builders such features are typically offered as upgrades, often adding thousands of dollars to the cost of the home.
For more information on these or any other Lennar communities in metropolitan Charlotte, visit www.LennarCharlotte.com.

About Lennar
Lennar Corp., founded in 1954 and headquartered in Miami, is one of the nation’s leading builders of quality homes for all generations. Building homes in 18 states, Lennar offers affordable, move-up and retirement homes in communities that cater to a variety of lifestyles. For more information, visit www.Lennar.com.