Broadstreet Capital Partners with Contender Development to Create a Coastal Community in North Carolina

Broadstreet Capital Partners with Contender Development

In a significant move aimed at enhancing economic activity in the Southeast, Broadstreet, Inc., a prominent private equity firm headquartered in Greenville, South Carolina, has announced its partnership with Contender Development to finance the creation of Midway Landing. This ambitious project spans a vast 1,500 acres in Brunswick County, North Carolina, and is projected to deliver around 3,600 single-family homes by 2026.

Project Overview

Midway Landing is strategically located off the Southport-Supply Road, Midway Road SE, and Clemmons Road SE in Bolivia. The acquisition by Contender Development, valued at $35 million, signifies the firm’s continued commitment to expanding its footprint in the region. With half of the coastal-themed community already planned, this venture is a vital step in Broadstreet's vision of fostering sustainable and responsible growth while echoing the area's natural beauty and appeal.

Joseph Baldasarra, the President of Broadstreet, expressed excitement regarding this project, describing it as a “forward-looking opportunity.” He emphasized the firm’s aim to boost the economic landscape across the Southeast and Mid-Atlantic, underlining their dedication to not just residential development, but also to the long-term vitality of the Carolinas. The firm, bolstered by managing over 40 projects and a vast portfolio, is aiming for a transformative impact in the region through this development.

Impact and Design

The infrastructure of Midway Landing will be designed to enhance community living, featuring a range of resort-style amenities that cater to future residents. The conceptual framework aims to provide not just homes but enriching environments that foster connectivity, leisure, and a high-quality lifestyle. Such initiatives are crucial as they align with Broadstreet's values on effective planning and smart growth strategies.

With this project moving forward, it is expected that Midway Landing will become a signature destination along the North Carolina coast. This aligns with Broadstreet’s reputation for undertaking significant developments that resonate with the community and environment alike.

Contender Development, as one of the largest land developers in the Southeast, manages a diverse portfolio featuring nearly $2 billion in active projects across six states. Their strategic alignment with Broadstreet signifies an important collaboration that is expected to yield remarkable results not only in economic terms but also in improving residential choices in this desirable coastal area.

Conclusion

As Midway Landing gears up for its debut, both Broadstreet and Contender Development are setting a strong precedent for energy-efficient and thoughtful development in the coastal sector. The upcoming years promise exciting developments for potential homeowners looking for a blend of serene coastal life and modern conveniences, signifying growth, opportunity, and community-minded planning in the Southeast.

For further insights into Broadstreet's ventures or information regarding investment opportunities in Midway Landing, interested parties can reach out to the firm through their official website.