AV Homes on Tuesday said it plans to build 153 homes in a Belmont community that will target first-time homebuyers.
The community, Morgan’s Branch, is near the intersection of South Point Road and Armstrong Road.
Homes will be priced from about $200,000 to about $250,000 and range in size from 1,800 to 3,000 square feet each. In addition to first-time homebuyers, AV Homes said it is targeting first-time move-up buyers.
“Recent census data shows that those between the ages of 25 and 34 are attracted to markets like Charlotte and we believe this trend will continue over the next few years,” Bill Kiselick, president of the company’s Carolinas division, said in a statement.
Morgan’s Branch is the Scottsdale, Ariz.-based company’s first community in the Charlotte area since it expanded to the Carolinas last year. AV Homes also plans to build a 650-home active-adult community, Creekside at Bethpage, in the mixed-use Bethpage development in Durham.