Clearwater Preserve

Project Description

Acquisition:

• Clearwater Preserve was discovered by LDI A&D as raw land tucked away behind an existing single family home community.
• LDI joined forces with a well-respected builder and investment firm to form a partnership with a vision to bring to market single family homes at an attractive price point in a highly desired region of Wilmington.
• This project was funded with a mix of private equity and traditional A&D financing.

Entitlement & Permitting:

• LDI led the charge on the 7 month process of establishing companies, performing diligence and securing all local approvals to position the horizontal team to move forward with the land’s highest and best use.

Horizontal construction:

• LDI Utilities performed all civil contracting and off-site DOT work to bring pad-ready lots to market.

Vertical Construction:

• The preferred builder team, Logan Homes and H&H Homes, hit the ground running with construction of one and two story single family homes with great success.

Sales and Marketing:

• Clearwater Preserve’s sales and marketing was led by the builder team in partnership with a national real estate firm, Coldwell Banker SeaCoast Advantage. Each builder saw great success in the sales and marketing of their homes.

Disposition of Asset:

• All single family homes were purchased direct by consumer who now enjoy all that the Clearwater Preserve community has to offer.

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