Residential Developer Breaks Ground on New Fuquay-Varina Development

ATLANTA, April 6, 2018 /PRNewswire-PRWeb/ -- Blake Communities broke ground this week on Meadowbrook, a new 282-lot community off NC 55, featuring new residential construction by Level Homes and Chesapeake Homes. The new development continues the recent growth in Fuquay-Varina — a growing commuter town serving the greater Raleigh-Durham market.

"We couldn't be more excited to begin this project," said Mark Kring, Division President for Chesapeake Homes. "Meadowbrook will offer buyers the best of everything — a convenient location, top-quality construction, thoughtful amenities, and ample green space."

The master plan for the community includes 282 residential lots set on 145 acres. The community will feature 45 acres of open space and a variety of amenities including a clubhouse, community pool and walking trails.

"This property was an ideal location for both builders," said Brent Shearer, President of Blake Communities. "So, rather than put all of the market pressure on one builder and limit buyer choice, we structured the deal to provide a great opportunity to both parties."
The partnership is designed to allow each builder a distinct market segment while combining their efforts on the shared components of the community.

"This partnership will allow Level and Chesapeake to combine our strengths to create a truly exceptional community," said Ric Rojas, President of Level Homes North Carolina. "That said, to avoid competing with each other, we will offer different products based on the same attention to detail and top-quality craftsmanship — a win-win for both builders and, most importantly, the buyers."

The developer expects first homesites delivered to builders in Fall 2018 with initial builder sales in Winter 2018.

The land was sourced and negotiated by Blake-Wilder Strategies — a national leader in land acquisition consulting.

For more information, visit LevelHomesLifestyle.com, ChesHomes.com, and Blakeinvestmentpartners.com, Blake-wilder.com.

ABOUT CHESAPEAKE HOMES

Chesapeake Homes has been building in the Triangle region of North Carolina since 2007, combining the unique city feel with affordable, quality living. Explore the intertwining urban and rural areas throughout the Triangle. Our communities of new homes in the Triangle offer both state-of-the-art amenities, prestigious quality construction, and beauty within each and every detail.

Discover why local can truly be better – community farms, splash pools, fitness centers, or expansive clubhouses are just a few of the amenities you'll find within the Triangle communities of Chesapeake Homes. From the hustle and bustle of Raleigh or Fuquay-Varina to the quiet, small town-feel of Clayton and Knightdale, Chesapeake Homes has a community for you.

Since 1991, Chesapeake Homes has honed its craft in creating new homes built to last generations without overlooking important architectural details. Our flexibility is one that you would expect from a local new home builder, yet our long-term relationships with well known, name brand vendors enables us to offer affordable features and add-ons comparable to what is offered by national builders. With new home communities spread from Myrtle Beach, SC to Raleigh, NC to Coastal Virginia, the long-standing history and continuing expansion of Chesapeake Homes is a testament to the quality we build.

ABOUT LEVEL HOMES

Level Homes expanded to the Raleigh – Durham area of North Carolina in 2013, with homesites and well-located neighborhoods in the economically resilient Research Triangle Park region. The builder continued to grow in the North Carolina and Louisiana markets and was named to Business Report's 2015 and 2016 Edition of Best Places to Work in Baton Rouge.

In the summer of 2016, Level Homes was proudly recognized as both a Top 200 Builder in the nation and named to the coveted list of "Next 100 Fastest Growing Builders in the United States" by Builder Magazine. In the fall of 2016, Level Homes was named in the Triangle Business Journal (TBJ) Fast 50 List, recognizing the company as one of the fastest growing private companies in the Raleigh – Durham North Carolina area based on a revenue growth and profitability formula analyzed by PricewaterhouseCoopers.

Developing communities and building a wide array of homes ranging in price from $189,900 to $600,000, Level Homes exceeds customer expectations in all phases of the home buying lifecycle, from first time buyers, to those moving up, to empty nesters. The award-winning company employs a knowledgeable and friendly team to assist in the home buying process from beginning to end, instilling a culture with its associates that promotes homebuilding as a high-level customer service industry. From the day customers first walk into a model home or sales center to the day new home buyers receive the keys to their new home, the Level Homes' team strives to make the experience seamless and enjoyable.

ABOUT BLAKE COMMUNITIES

Blake Communities focuses on leveraging its relationships with land sellers, developers, and homebuilders to source off-market acquisition and development opportunities. Backed by a $12B hedge fund and a robust network of family offices and high net worth investors, Blake Communities has bought or developed over 100 residential neighborhoods in the past decade, as small as 20 lots to projects as large as 600 lots.

With operations in the Carolinas, Georgia, Florida, Louisiana, Tennessee, Virginia, and Alabama, Blake Communities is one of the largest, non-master plan residential land developers in the country. Blake Communities has technical knowledge of building neighborhoods and experience with challenging terrain, soil conditions, and special political environments. The company has owned or constructed tens of thousands of lots.

ABOUT BLAKE-WILDER STRATEGIES

Blake-Wilder Strategies (BWS) spun off of a two decade-old development company in 2014 to provide our clients with a suite of outsourced real estate acquisition services. Our services are sophisticated, proprietary, and tailored to the specific needs, metrics, and mission of our clients. BWS was built to acquire premium real estate positions for businesses whose success and profitably is directly related to location.

BWS is the one and only outsourced acquisition consulting firm in the country. The firm has established the gold standard in acquisitions consulting by solving problems for businesses that rely on real estate. When BWS works collaboratively with a firm it results in stability, efficiency, and profitability.

SOURCE Blake Communities