Charlotte, NC (December 2020) – MPV Properties (MPV) is pleased to announce the sale of two residential land tracts at Farmington, a master-planned walkable community with Village Center retail and office located off I-485 in Charlotte and Harrisburg, NC. TRI Pointe Homes and Taylor Morrison have begun development on the first residential properties which will bring single-family homes and townhomes to the community.
“The TRI Pointe Homes team is excited to bring its new home designs to life in Farmington where residents can enjoy beautiful community open spaces and walkability to dining and entertainment,” states Gray Shell, Division President of TRI Pointe Homes. The home developer closed on one of the tracts and has plans to develop 36 single-family homes along with 112 townhomes on the north side of the project.
TRI Pointe Homes sample product – kitchen
TRI Pointe Homes sample product – owner’s suite
Taylor Morrison is building 135 townhomes along the east side of the project with model openings projected for Fall/Winter 2021.
“Farmington will be a great community for those who enjoy the low maintenance of townhome living surrounded by daily conveniences and entertainment,” says Kevin Granelli, Division President of Taylor Morrison.
All of the residential tracts in Farmington are connected to the other residential communities and Village Center retail and office via the Fuda Creek Greenway trails throughout and the new Farmington Ridge Parkway, a median-divided thoroughfare with ten foot multi-use paths that will connect Rocky River Road and Caldwell Road, under construction now.
Still to come, Woodfield Development is under contract to purchase a tract within Farmington adjacent to the Village Center. That purchase, combined with an additional mixed-use retail/residential building, will bring 323 luxury apartments to the development. Woodfield is slated to close in early 2021. Finally, TRI Pointe Homes will also close on an additional parcel to build 79 more townhomes.
Planned residential at Farmington in Charlotte and Harrisburg, NC
With residential completions on the horizon, leasing activity on the retail side is picking up. Construction on the approximately 500,000 SF of commercial is expected to begin in the summer of 2021, with the first stores coming online approximately one year after that.
Robbie Adams and Joey Morganthall are in charge of leasing the retail in the center, George Macon is leasing the medical office and office spaces, Mike Chatham is managing the sale of the hotel site, and Justin Holofchak is managing the sale of the last remaining residential property at the site. For more information about Farmington, visit FarmingtonRockyRiver.com.
Construction progress at Farmington as of December 2020
About Taylor Morrison
Taylor Morrison Home Corporation (NYSE: TMHC) is the nation’s fifth largest homebuilder and developer based in Scottsdale, Arizona, that has been recognized as America’s Most Trusted® Home Builder for five years running (2016-2020). Operating under a family of brands including Taylor Morrison, Darling Homes, William Lyon Signature Home and Christopher Todd Communities built by Taylor Morrison, we serve consumer groups coast to coast, from first-time to move-up, luxury and 55-plus buyers. Our unwavering pledge to sustainability, our communities and our team—outlined in the 2019 Environmental, Social and Governance (ESG) Report—extends to designing thoughtful living experiences homeowners can be proud of for generations to come. For more information, visit taylormorrison.com.
About TRI Pointe Homes
TRI Pointe Homes is a member of TRI Pointe Group (NYSE: TPH), a family of premium regional homebuilders supported by the significant resources, economies of scale and thought leadership of a national foundation. Together this makes TRI Pointe Group one of the largest homebuilders in the U.S. TRI Pointe Group was honored to receive the 2015 Builder of the Year Award by BUILDER magazine and was named the fastest-growing public homebuilder in the country. In 2014 TRI Pointe Group was awarded Developer of the Year by Builder & Developer magazine. Additional information is available at www.TRIPointeGroup.com.
About MPV Properties
MPV Properties is one of the Charlotte area’s leading commercial real estate firms offering landlord and tenant representation in office, industrial, retail and land brokerage, development, and association and property management services. For more information, visit www.mpvre.com.