Walton to Build 300-Home Residential Development in North Carolina
Real estate investment and land asset management company Walton has acquired 275 acres in the city of Concord, N.C. The firm plans to build a 300 single family home community at the site.
Located in Cabarrus County, Annsborough Park will offer an amenity center with a pool, neighborhood pocket parks, stormwater quality ponds and other natural areas. Sales are expected to begin in mid-to-late 2022. The homebuilder of the project is M/I Homes.
“We could not be more excited to support M/I Homes to bring new homes to the city of Concord,” said Adam Morman, general manager of Walton’s Mid-Atlantic region “This area of North Carolina continues to grow and this community will be a great addition and supply needed home inventory.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.