Lennar Corp. has new large projects planned for South Carolina and Minnesota. The company plans to build more than 1,400 homes on a long-empty site in Oakdale, Minn., where 3M Company once planned a corporate campus. And in the Charleston suburbs of Moncks Corner, Lennar recently paid $12.5 million for 342 acres on Cypress Gardens Road and Old U.S. Highway 52 in Moncks Corner.
In Minnesota, The Pioneer Press reported that Miami-basedLennar (NYSE: LEN) has filed a preliminary plat for the 208-acre property, near Interstate 694 and 34th Street. The site is just north of the headquarters of Slumberland, a site that was once the campus of 3M spinoff Imation. 3M long ago planned to build 1.8 million square feet of industrial space on the land as a new office campus for itself, but that project never happened and city development officials instead turned their hopes to drawing residential construction to the site. Minneapolis-based Maplewood Development paid $6.9 million in 2017 for the land and has been seeking homebuilding partners for the site. Lennar's initial plan includes 644 single-family homes, town homes and row houses; the project also includes 766 multifamily units, including some senior housing. In the Charleston market area, Lennar plans about 800 houses and 50 townhomes for the North Fairmont Tract about 25 miles from downtown Charleston, according to an annexation request with the town of Moncks Corner that was approved in 2018. “It’s all approximate right now,” said Lennar’s Charleston division president Jason Byham of the number of new homes. “The site has a significant portion of wetlands through the middle of it.” He said the number of houses could be closer to 700 after working through wetlands issues. The number of townhomes will remain at about 50. Lennar isn’t waiting to start construction either. “We have development permits in hand,” Byham said Friday. “Development will begin in January.” Townhomes will be priced in the high $100,000s while houses will start in the $200,000s in the new development. About 25 different floor plans will be offered. The new housing development will include amenities such as a community pool and walking trails along with an open play area with a cabana or outdoor gathering structure, Byham said. The subdivision, called Fairmont Pines on planning documents, doesn’t officially have a name yet, Byham said, but the first new homes will be available in 2021. “It just might be called Fairmont North since we developed Fairmont South across the street,” he said. Fairmont South was recently completed with close to 200 new homes. Reported by The Minneapolis/St. Paul Business Journal and the Charleston Post Courier (Dec. 13, 2019) For complete contact information for Taylor Morrison Homes and William Lyon Homes including all corporate, region and division offices and top personnel contacts, refer to The National Builders Directory and Online Database.
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