GREENVILLE, S.C – August 20, 2024 – Broadstreet, Inc., a Greenville-based private equity firm, recently acquired nearly 850 acres of land along Great Falls Highway in Lancaster County. Broadstreet will prepare it into home-build-ready land, which is expected to yield approximately 1,500 new homes upon completion.
“Lancaster County has one of the highest growth rates near Charlotte, which creates a strong demand for housing,” said Joseph Baldassarra, president of Broadstreet. “We have a strong team of infrastructure experts who have deep expertise in the Carolinas that bring a collaborative approach, ensuring our projects benefit not only future residents but also the surrounding communities.”
In preparing these lots for home builders, the Broadstreet team develops site plans, paves roads, creates water retention plans and contours land. In addition, they install utilities including gas, water, electricity and sewage.
Broadstreet’s real estate infrastructure team has a successful track record, with a projected delivery of over 30,000 home lots across 40 different projects in the next seven years. The firm partners with some of the nation’s largest homebuilders, including D.R. Horton, Lennar, Meritage, Pulte Homes and Ryan Homes.