HARRISBURG –M/I Homes Charlotte is on a self-developing rampage.
The local division of the Columbus, Ohio-based homebuilding giant just closed on a deal to purchase 225 acres of raw land in Harrisburg to develop and build a 297-home subdivision named Blume, according to Tamara Lynch, M/I Charlotte vice president for sales and marketing.
That’s the second purchase of raw land announced this month by M/I Charlotte — which built more homes in Mecklenburg County last year than any other builder — and the fourth this year.
The company is making good on a promise by Lynch in January to self-develop subdivisions this year — especially in areas outside Mecklenburg County but still in proximity to Charlotte city limits — in an effort to continue building more houses despite a shortage of desirable lots.
The Blume subdivision, which will be at Hickory Ridge and Rocky River roads in Harrisburg, comes immediately after M/I bought another 175 Cabarrus County acres at Poplar Tent and Cox Mill roads near Concord.
Earlier in the year, M/I Charlotte announced it would self-develop land near Tega Cay into a housing development called Hawk’s Creek, and land in Huntersville to form the Bellington subdivision.
Blume will comprise 297 detached, single-family home sites on what now rolling farmland, Lynch said. M/I won a rezoning petition for the land from the town of Harrisburg in May.
“Nearly 50 percent of the site will be perpetually preserved as common open space which will create a beautiful setting for this community,” Lynch said.
Homes will range in size from about 2,000 square feet to over 4,000 in four distinct villages, Lynch said. Prices will range from the $200,000’s to over $500,000, Lynch said.
Lynch, whose job includes naming developments and the streets within them, said she chose Blume because that is the prior owner’s family name.