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Location: Huntsville, Alabama
Update: Creekside Commons (Lot Delivery)
Huntsville, Alabama
54 Developed Lots
All horizontal development at Creekside Commons has been completed. We have submitted the plat and are awaiting the city’s final approval.
Once we receive approval, we plan to sell the 54 developed lots in Creekside Commons to a national homebuilder.
This will be a similar exit as our final closing on Steeplechase Phase 3, where we are selling 18 lots to a homebuilder for $2.61 million on March 28th.
+/- 14 acres located on Sanderson Road in the Huntsville, Alabama. The business plan encompasses developing a raw land parcel into 54 completed lots and selling the completed lots to a National Homebuilder (buyer). Upon the land purchase, the sponsor will have a forward purchase contract in place with the National Homebuilder to purchase the…
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