The Beechwood Organization, one of Long Island’s most prolific residential developers, is embarking on some major projects down south.
Jericho-based Beechwood plans to break ground shortly on 319 luxury homes in four different communities in the Charlotte, N.C. metropolitan area.
“We’re going to the Carolinas because we see strong demand for our quality of home construction and design,” said Steven Dubb, a Beechwood principal. “We are also following our buyers. While most love living on Long Island, and in their Beechwood home here, there are many who have decided to make a move south for the easy climate and attractive cost of living.”
In Weddington, an upscale suburb to the southeast of Charlotte, Beechwood is building 35 estate homes in a 48-acre subdivision called Weddington Glen. The homes, to be built in a mix of wooded and meadow homesites, will be priced in the $900,000s with custom homes selling for $1.2 million and up.
In Marvin, known as one of the wealthiest towns in the state, Beechwood will be building 62 custom homes on 86 acres. The new residential community, called Broadmoor at Marvin, will feature homes priced from $1 million to $1.5 million.
Beechwood closed on the Weddington and Marvin properties in December and site development of both are expected to begin soon, with home construction underway in the spring.
A third community for Beechwood is called Ferncliff at Cotswold, where the developer will build five townhomes priced from $750,000 to $1.2 million. Located in Charlotte’s Cotswold neighborhood, not far from the SouthPark residential and business district, the location of the townhomes provides a convenient commute to downtown Charlotte. Construction on the Ferncliff at Cotswold development is expected to start in the summer.
The largest of Beechwood’s four Charlotte-area projects is Lakeside Pointe on Lake Norman, a mixed-use development of 217 residences that include cottage homes, townhomes and single-family homes and 68,000 square feet of commercial space. The homes at Lakeside Pointe, many with frontage on the lake or water views, will be priced from the $300,000s to $1 million or more.
Amenities at Lakeside Pointe feature 26 acres of natural open space, parks and walking trails and a community center overlooking the lake that will have an outdoor pool, clubhouse, outdoor recreational activities and a private marina for residents.
“As we grow our presence in the Carolinas, Beechwood explored Weddington, and each additional site under development, as the locations where we could thoughtfully expand our portfolio,” said Robert Kardos, Beechwood’s regional president for the Carolinas. “We are excited to introduce our style of estate and custom homes befitting of these incredible locations and their residents to enjoy for years to come.”
Still in the planning stages is Beechwood biggest project yet in the Tar Heel state, a proposed new mixed-use development on 130 acres in Chapel Hill called South Creek by Beechwood. The developer is currently working with the Town of Chapel Hill and local stakeholders to help shape the project, which could include mid-rise condominium buildings, townhomes and duplex homes. Public trails through the large nature preserve on the back portion of the property will likely be part of the plan.
“In Chapel Hill, Beechwood is in close consultation about its South Creek proposal with the Town of Chapel Hill and is proposing approximately 600 middle-income townhomes and condos,” Dubb said. “The housing would sit on 40 acres with an additional 80 acres preserved for green space plus 42,000 square feet for commercial and retail space.”
Beechwood closed on the Chapel Hill development site last August. The seller, Obey Creek Ventures, had proposed to build about 1.6 million square feet of retail, offices and apartments with an 85-acre public park, but the plan never advanced.
Beechwood is hoping to complete the zoning application process with the town and begin site construction soon after, with its first homes at South Creek to be completed in 2024.
And while the developer is making a big investment in North Carolina, Beechwood continues to be busy here on Long Island. The company is in the final phases of 55 and over condo communities with 400 homes in Yaphank and 750 homes plus 118,450 square feet of retail in Plainview. Beechwood is also building 156 condos in East Meadow and a new 237-unit apartment complex in Westbury.