CHARLOTTE, N.C. — Two active players in Charlotte’s residential real estate market have crossed paths on a project in Cabarrus County.
M/I Homes, a national homebuilder, has acquired 275 acres for a new single-family residential development. The project, called Annsborough Park, calls for 300 single-family homes at a site off Odell School Road just west of Concord. The land was acquired from a group led by Walton Global Holdings, an Arizona-based real estate investment and asset management company.
M/I Homes paid just under $7 million for the land, according to county real estate records. The site is located about two miles from Interstate 85. Sales of the homes are expected to start in mid- to late 2022.
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