Kannapolis, NC (August, 2021) – MPV Properties (“MPV”), The Sterling Group, and Meritage Homes are pleased to announce new homes under development after the sale of two tracts of land in Kannapolis, NC. Both sites are proximate to MPV’s Kellswater Commons development, a retail project located at the intersection of Kannapolis Parkway and Rogers Lake Road. Sterling Group purchased approximately 26 Acres on the north side of Rogers Lake Road that will have 270 apartment units in a development named “Argento at Kellswater Bridge”. More information on leasing and renderings is coming soon, according to Sterling Groups current projects page. David Niekamp with Davco Properties represented the buyer.
And Meritage Homes has closed on approximately 19 acres directly adjacent to Kellswater Commons. This new project called “Georgetown Crossing” will consist of 142 townhomes that will be developed and sold by Meritage Homes. The project will begin sales in 2Q22. Justin Holofchak with MPV represented the buyer.
Ken Chapman of MPV represented the seller in both of these transactions.
Cover image: New residential units coming to Kannapolis near Kellswater Bridge and Kellswater Commons retail center
About The Sterling Group
The Sterling Group was founded by Larry Swank in 1976 with the incorporation of Sterling Management, Ltd. The mission of The Sterling Group is to successfully develop, construct, acquire, and manage income producing properties, with an emphasis on multifamily housing. Our objective is driven by customer focus and colleague fulfillment. Today, the Sterling Group employs approximately 270 individuals who support the development of multifamily properties and self-storage facilities in over 12 states through the Midwest and Southeast. Learn more at thesterlinggrp.com.
About Meritage Homes Corporation
Meritage Homes is the sixth-largest public homebuilder in the United States, based on homes closed in 2020. The Company offers a variety of homes that are designed with a focus on entry-level and first move-up buyers in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee.
Meritage Homes has delivered over 145,000 homes in its 36-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is the industry leader in energy-efficient homebuilding and an eight-time recipient of the U.S. Environmental Protection Agency’s ENERGY STAR® Partner of the Year for Sustained Excellence Award since 2013 for innovation and industry leadership in energy efficient homebuilding. For more information, visit meritagehomes.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, investments and association and property management services. For more information, visit www.mpvre.com.