Briar Chapel Announces Saussy Burbank's 125th Home Closing - Brisk Sales Pace in 2013 Reflects Regional Increase in Sales amid Low Inventory Levels -
CHAPEL HILL, N.C., April 15, 2013 /PRNewswire/ -- Briar Chapel, a new home community in Chapel Hill, NC, announced today that one of its homebuilders, Saussy Burbank, reached its landmark 125th home closing in the community. Consistent with a recent 15% increase in homes sales in the Triangle, Saussy Burbank has sold 16 homes YTD, a success it attributes to new product features and increased buyer confidence.
Saussy Burbank homes at Briar Chapel include features that have seen strong interest from potential homebuyers, including finished-in-place hardwood floors, custom wood shelving, high ceilings and 8' doors, subway tile, and outdoor rooms and courtyards. Also adding to the pace of home sales are the region's historically low inventory home levels; accordingly, Saussy Burbank currently has 20 inventory homes underway at Briar Chapel.
"We're proud to have our environmentally friendly, well-constructed homes be a part of the thriving community Briar Chapel has become," said Joe Robinson, VP / General Manager – Raleigh Division, Saussy Burbank. "We're gratified by this sales success, and we look forward to continuing to grow with Briar Chapel."
"We are thrilled for Saussy Burbank on their achievement at Briar Chapel," said Keith Hurand, Senior Vice President at Newland Communities. "Briar Chapel has a lot to offer – from our ideal location in Chapel Hill to our innovative, quality homes – and I have no doubt we will continue to see strong interest as we head into an even busier selling season. Briar Chapel is set to meet the needs of buyers with 40+ move-in ready homes during a time of short home supply throughout the Triangle."
Briar Chapel is owned in a joint venture between NORTH AMERICA SEKISUI HOUSE, LLC (NASH), the US business unit and full subsidiary of SEKISUI HOUSE, Ltd, Japan's largest homebuilder and leading diversified developer, and Newland Real Estate Group, LLC, whose development business, Newland Communities, is the master developer of the community. It is one of 30 assets the NASH-Newland partnership manages together, in 11 states across the US.
About Briar Chapel by Newland Communities®
Briar Chapel is a new home community in Chapel Hill, North Carolina. As the largest green community in the Triangle, Briar Chapel offers a healthier way of life through 900 acres of preserved space, 24 miles of hiking and biking trails, two community gardens, and over 20 parks. Briar Chapel fosters neighbor interactions through its design and amenities, including the LEED Silver certified Briar Club, pools and a waterpark, fitness facilities, outdoor art, and two on-site schools. The Briar Chapel Information Center is located at 16 Windy Knoll Circle, Chapel Hill, NC 27516. Learn more about Briar Chapel by following us on Twitter and Facebook, visiting us at www.briarchapelnc.com, or calling us at 888.249.9429.
About Newland Real Estate Group, LLC
Newland is a diversified real estate company leveraging a national platform and over 40 years of experience to perform challenging and diverse development, investment, management, and advisory services across a wide range of real estate. The company's mixed-use development business, Newland Communities, actively owns, operates and develops premier residential master-planned, commercial, retail, and urban mixed-use real estate across the U.S. Headquartered in San Diego, Calif., Newland and its affiliated companies have completed, or have underway, more than 140 diverse real estate developments, more than 20 million square feet of commercial and retail space, and 175,000 residential units in 14 states. www.newlandcommunities.com
About NORTH AMERICA SEKISUI HOUSE, LLC (NASH)
NASH was established in 2010 as the U.S. business operations unit and a full subsidiary of SEKISUI HOUSE, LTD., Japan's largest homebuilder and a leading diversified developer since 1960. SEKISUI HOUSE, LTD. has built more than two million houses to date and expanded its operations to Australia, China, Singapore, and the U.S. NASH establishes joint ventures to build innovative and sustainability-conscious master planned communities across the US. NASH is headquartered in Arlington, Virginia. http://nashcommunities.com/.
SEKISUI HOUSE is headquartered in Osaka, Japan. http://www.sekisuihouse.co.jp/english/index.html.
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SOURCE Newland Communities