News Summary
Contender Development, based in Greenville, is making significant strides in the North Carolina housing market. With control over 9,000 lots statewide and plans for a massive project in Bolivia, the company aims to meet rising housing demand. The strategic expansion is also set to create job opportunities and diversify housing options, particularly in the affordable segment, making it a notable player in regional development.
Greenville’s Contender Development Makes Waves in North Carolina Housing Market
In a major development for the housing sector, Greenville-based Contender Development is setting its sights on North Carolina, and they’re doing it in a big way! This company, though headquartered in Greenville, South Carolina, has found a new home in North Carolina, owning or controlling about 9,000 lots across the state. It seems that the Tar Heel State is ripe for growth, and Contender is ready to dig in.
Spotlight on Sanford
One highlight of their expansion is the city of Sanford. With around 2,000 lots earmarked for development here, Sanford is described as being in a vibrant “renaissance” period. Homebuilding activity is buzzing as families are drawn to the area, thanks in part to its affordability. In Wake County, the average home value is a steep $483,674, while Lee County offers a much more palatable average of about $275,833. This affordability makes Sanford and surrounding counties a perfect fit for Contender Development’s plans.
The company, founded in 2021, has a grand vision, as it is actively working on developments that will span over 4,000 acres across North Carolina, South Carolina, Georgia, and Florida. It appears they are on a roll! With almost 30,000 lots under their control across the Southeast, it’s no wonder they’re quickly becoming a significant player in the region’s real estate market.
The Big Project: Midway Landing
Perhaps the most exciting part of their expansion is the newly acquired 1,500-plus acre site in Bolivia, North Carolina. This gigantic space is set to become Midway Landing, Contender Development’s largest project yet! With a preliminary plat already approved, the company aims to deliver homesites by 2026. A striking 3,600 homes will soon populate the area, which is sure to meet the growing demand for housing in the ever-popular coastal region.
Midway Landing is strategically located near Wilmington and the beautiful Oak Island beaches, promising to draw in an influx of new residents eager for the coastal lifestyle. Alongside creating homes, the project is anticipated to have a significant economic impact, providing job opportunities in construction, retail, and other service sectors. It’s a win-win situation that not only expands housing options but also invigorates the local economy.
Housing Diversity
Contender Development is keen on offering a diverse range of housing types. Whether you’re looking for modern townhomes, traditional single-family homes, or multifamily units, this project will cater to various preferences. This approach ensures that potential buyers can find something that fits their lifestyle and budget.
Partnership with Ryan Homes
Bringing the vision of Midway Landing to life, Contender has teamed up with Ryan Homes as their designated homebuilding partner. This collaboration is expected to harness Ryan’s expertise in creating high-quality homes while ensuring that Midway Landing lives up to its promise of sustainability and vibrancy.
Refocusing Strategy
The expansion into coastal regions represents a strategic shift for Contender Development, moving away from traditional population centers. With nearly $2 billion in active development projects across various southeastern states including South Carolina, North Carolina, Georgia, Tennessee, Alabama, and Florida, this company is pushing boundaries and expanding horizons.
In summary, Contender Development’s expansion into North Carolina may just be the beginning of a larger trend in the housing market. With a mix of affordability, strategic location, and community-focused planning, they are clearly setting the stage for an exciting new chapter in regional development. The combination of extensive lots, friendly neighborhoods, and a range of housing options is sure to catch the attention of homebuyers in the coming years. Keep an eye on this space, because things are about to get interesting!
Deeper Dive: News & Info About This Topic
- Wilmington Biz: SC Developer Buys Site for 3,600 Homes in Brunswick County
- Wikipedia: Housing Market
- GSA Business: Greenville Firms Partner on Massive Coastal Development
- Google Search: Coastal Development
- The State: Local News Article
- Google Scholar: Housing Development
- WLTX: Crystal Lagoons Development in Richland County
- Encyclopedia Britannica: Residential Development
- Columbia Business Report: Lagoon Luxury Hotel Coming to Columbia
- Google News: Residential Real Estate
