CHARLOTTE, N.C. & JERICHO, N.Y.--(BUSINESS WIRE)--Beechwood Carolinas, a division of The Beechwood Organization – one of the largest privately-owned developers of single-family homes, multi-family homes and luxury lifestyle communities on the East Coast – marks its second year in North Carolina with notable sales and milestones, including more than 1,100 new construction homes in Charlotte and Chapel Hill, that are framing its bullish outlook for the Carolinas housing market despite higher mortgage rates.
“We’re bullish on the Carolinas. While location is important, and we’re in some of the most desirable Charlotte and Chapel Hill locales, we’re also putting forward concepts that resonate,” says Steven Dubb, Principal, The Beechwood Organization.
“In Charlotte, our buyers have been seeking new construction homes with the right floorplan, in the right neighborhood, at the right price. They work in good jobs or are cash buyers and are ready to make the move. As early adopters of a Beechwood home, all having bought pre-construction off floorplans, we value the trust they have put in our reputation for designing and building fine homes. We are excited to now be delivering to them their dream homes and plan to expand our footprint across the Carolinas in 2024,” adds Mr. Dubb.
Beechwood’s housing concepts in the Charlotte metro-area include estate homes attracting young families to bucolic villages and desirable school districts; and a recreational residential retreat for families of all ages, singles and empty nesters sited on Lake Norman with access to more than a mile of lake waterfront. In Chapel Hill, Beechwood is developing an entire urban neighborhood with 815 market rate and affordable homes for rent and for-sale that are in walking distance to shopping and transit.
WEDDINGTON GLEN – All 35 Luxury Homes Sold
The 35-home community of Weddington Glen is sold out with closings underway for homes priced $900,000 to $1.5 million. Floorplans are 3,850 to 5,500 square feet with four-to-five-bedrooms built on half-acre wooded and meadow parcels befitting of the community’s rural surroundings. Sited on 48 acres at Weddington Matthews Road in Union County’s prestigious Town of Weddington, this community was Beechwood’s first in North Carolina to break ground, in April 2022, and completely sold out 16 months later, in August 2023.
BROADMOOR BY MARVIN – 45 of 62 Luxury and Custom Homes Sold
Beechwood’s second development in Union County, Broadmoor by Marvin, is nearly three quarters sold with 45 of 62 luxury and custom homes spoken for. The 4,000- to 5,000-square-foot homes are priced from $1.2 million to $2.4 million. In the first quarter of 2024, Beechwood will open its Magnolia Luxury Model, a 4,680-square-foot custom home with four bedrooms. The community is sited on 86 acres in the heart of the Village of Marvin, at Waxhaw-Marvin Road and Stacy Howie Road.
LAKESIDE POINTE ON LAKE NORMAN – First Releases of 217 Homes For Sale
Beechwood’s flagship 217-home lifestyle community, Lakeside Pointe on Lake Norman, is sited on 83+ acres located 20 miles from Charlotte in Catawba County’s Sherrills Ford, at one of North Carolina’s most scenic locales with direct access to more than a mile of coveted Lake Norman waterfront.
Waterfront, water view and inland homesites for single-family homes with floorplans from 2,220 to 5,000 square feet are priced from $570,000 to $1.5 million. Amenities include a 5,000-square-foot private clubhouse with pool; walking trails; dog park; playground; 62 boat slips and a kayak launch for residents; 68,000 square feet of retail and office space; and 26 acres of preserved open space for community pleasure.
Following the May opening of the sales gallery, 11 of the first release of 28 homesites sold for single-family homes bought from floorplans. In mid-November, a second release of 24 homesites, some with water views, will become available. Construction on both releases plus the community clubhouse will begin in December.
Lakeside Pointe is attracting empty nesters, young professionals and families seeking a first- or second-home. Buyers include locals who want to live on the lake; some from Illinois, Ohio and New York coming for the lifestyle and milder winters; and ‘half-backs’ from Florida who once lived up north and want to move half way back.
“There are few waterfront opportunities remaining on Lake Norman, and with events over recent years, people are looking for their own private sanctuary at home where they can enjoy the outdoors and celebrate nature with family and friends. This is a beautiful property with incredible natural features,” says Robert Kardos, Regional President, Beechwood Carolinas.
SOUTH CREEK BY BEECHWOOD IN CHAPEL HILL – Pivotal Mixed-use Development
In the Town of Chapel Hill, at 4511 South Columbia Street along the 15-501 corridor, Beechwood received approval during June for a new mixed-use development, South Creek by Beechwood. The 815-home community features market-rate and affordable homes for rent and for-sale, 21,000 to 52,000 square feet of commercial and retail space, plus community open spaces across 43 acres. It will be the newest and most significant mixed-use community in Chapel Hill in over two decades and among Beechwood’s largest communities. Site development is anticipated for spring/summer 2024, vertical construction for summer/fall 2024, and sales for fall 2024.
“Our vision at Beechwood is to tailor our signature quality of home styles with local lifestyles. We’ve partnered with local experts in land planning, architecture and design to ensure our communities meet the desires and needs of those who want better quality of lifestyle at home and in top locales across the Carolinas,” adds Mr. Dubb.
With more developments on the horizon across the Carolinas, each one will showcase home styles designed specifically for its location and be reflective of the Beechwood commitment to its buyers for newly built homes that embody innovative design, wellness, eco-friendliness and smart home living. To stay updated on Beechwood’s local communities, visit www.beechwoodcarolinas.com.
ABOUT BEECHWOOD CAROLINAS (www.beechwoodcarolinas.com @beechwoodcarolinas 7621 Little Ave Ste 111 Charlotte NC 28226 704.619.6044) The Beechwood Organization established its Beechwood Carolinas division in 2021 with thoughtful proposals for new residential and mixed-use developments starting in Charlotte and Chapel Hill. The division is led by Robert Kardos, Regional President, Carolinas who has been a leader of new construction home development across the Carolinas for more than 35 years. Beechwood’s vision for the Carolinas is to enhance quality of life for both residents and the distinguished communities in which it develops, partnering with local experts in the land planning and design space to meet the desires and needs of those who want better quality of lifestyle at home and in top locales across the Carolinas. In North Carolina’s rural Union County, Beechwood’s first luxury home communities include the now sold out 35-home Weddington Glen and 62-home Broadmoor by Marvin. In Catawba County’s Sherrills Ford, is Beechwood’s flagship 217-home lifestyle community, Lakeside Pointe at Lake Norman, sited on 83+ scenic acres with direct access to more than a mile of coveted lake waterfront, a 5,000-square-foot private clubhouse, private boat slips for residents, 68,000 square feet of retail and 26 acres of preserved open space for community pleasure. In the Town of Chapel Hill, Beechwood moves forward with plans for a new mixed-use development, South Creek by Beechwood, an 815-home community featuring market-rate and affordable homes for rent and for-sale, 21,000 to 52,000 square feet of commercial and retail space, plus community open spaces across 43 acres. It will be the newest and most significant mixed-use community in Chapel Hill in over two decades and among Beechwood’s largest communities.
THE BEECHWOOD ORGANIZATION (www.beechwoodhomes.com @beechwoodhomes 200 Robbins Lane, Jericho, NY 11753, 516.935.5555) is ranked at the forefront of privately-owned home builders nationwide, one of the largest developers of single family and multifamily housing on the East Coast and in New York State, and the largest home builder and developer of sophisticated lifestyle communities on Long Island. Since 1985, Beechwood has built more than 10,000 homes in 80 communities with new residential and mixed-use developments on the map across New York City, Long Island, Saratoga Springs and North Carolina. Transitioning from local builder to national leader, Beechwood ranked #54 of 240 Housing Giants and #3 in New York by Professional Builder Magazine in 2023. Cited “the most prolific home builder on Long Island” by Long Island Business News, Beechwood is recognized as its Top Multi-Family Developer in 2023 for the third year running and a year-on-year front runner for Top Residential, Retail, Hospitality, Historic Redevelopment and Smart Growth Projects since 2013. Brand names include Arverne by the Sea, Bishops Pond, Country Pointe, Harbor Pointe, Lakeside Pointe, Marina Pointe, Meadowbrook Pointe, Oak Ridge, South Creek, The Latch, The Selby and Vanderbilt. Beechwood founder and chief executive Michael Dubb, with son and principal Steven Dubb, are renowned for their innovative and forward thinking in “not just selling a home, but a lifestyle” with signature quality construction and design for the way sophisticated buyers and renters want to live today. Their company is known for its commitment to thoughtful land planning and design, repurposing disused land, building in harmony with nature and creating a benefit for all residents.