Standard Pacific Homes Announces The Purchase Of The Palisades Master-Planned Community
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SOURCE Standard Pacific Homes
Transaction represents the largest community land purchase of this caliber within Charlotte
CHARLOTTE, N.C., July 2, 2012 /PRNewswire/ — Standard Pacific Homes, one of the nation’s leaders in homebuilding quality, has acquired 1,100 home sites at The Palisades, a 1,600 acre master-planned community located along Lake Wylie in southwest Mecklenburg County. With plans to open in late 2013, the company will introduce all-new home designs to the prestigious neighborhood.
“Standard Pacific Homes plans to build its move-up oriented homes on approximately 50% of the home sites and sell the remaining home sites to other builders,” said Senior Vice President of Mergers and Acquisitions for Standard Pacific Homes, Peter Kiesecker. “We have already received tremendous interest from the homebuilding community. Many builders are anxious about the rare opportunity to build within a highly-amenitized master-planned community complemented by this idyllic setting.”
Standard Pacific Homes’ thoughtful new home designs at The Palisades will feature large-scale open spaces, including highly-appointed gourmet kitchens that flow into expansive Great Rooms. The homes will also provide luxurious master suites featuring walk-in closets and elegantly-appointed private bathrooms.
“We are excited about the natural synergy between Standard Pacific Homes’ move-up new home offerings and the sophisticated lifestyle that The Palisades offers,” said Elliot Mann, Carolinas President of Standard Pacific Homes. “Our home designs will be reflective of the upscale surroundings, blending timeless architecture with casual luxury all within the serene Lake Wylie setting.”
The 13,400-acre Lake Wylie is Charlotte’s second largest lake and a popular recreational destination for residents of Charlotte. The unique Lake Wylie setting offers community amenities that include a sports and tennis complex, swim and fitness center, a world-class Jack Nicklaus designed 18 hole golf course, and soccer and equestrian facilities. Plus, The Palisades provides access to the many conveniences of Uptown Charlotte with the Uptown business district and airport less than 15 miles away.
About Standard Pacific Homes
Standard Pacific Homes, one of the nation’s largest homebuilders, has built homes for more than 115,000 families during its 47-year history. The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers. Standard Pacific Homes operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, North Carolina, South Carolina, Texas andColorado. For more information about the Company and its new home developments, please visit our website at: www.standardpacifichomes.com.