GREENVILLE, S.C – June 27, 2023 – Broadstreet, Inc., a Greenville-based private equity firm, is preparing home-build-ready land for more than 2,000 lots across four developments in the Upstate, which are expected to yield thousands of homes when all phases of development are complete. South Carolina consistently ranks as one of the top states for people to move to, and the Greenville area was named one of the top 10 hottest real estate markets for 2023 by the National Association of Realtors.
“The Greenville area is one of the fastest-growing areas in our state, which means that there’s no shortage of people looking for homes,” said Joseph Baldassarra, president of Broadstreet. “We have a core team of real estate infrastructure experts who have worked in the Carolinas for years, bringing an outstanding skill set and a fresh, collaborative approach to land development.”
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.
The four real estate land infrastructure projects currently in progress across the Upstate include: Chestnut Ridge in Greenville, Wexford Park in Fountain Inn, Brookside Farms in Greer and Lakestone in Woodruff. These developments will offer townhomes and single-family homes, featuring desirable amenities including a pool with cabanas and pickleball courts.
“A diverse array of housing options exists in these communities for any homebuyer. They are all in convenient locations that have a lot to offer residents, including great schools, natural amenities, and job opportunities,” added Baldassarra.
Broadstreet’s real estate infrastructure team expects to deliver over 30,000 home lots over the next seven years over 40 different projects. They partner with some of the nation’s largest homebuilders including D.R. Horton, Lennar, Meritage, Pulte Homes and Ryan Homes.
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ABOUT BROADSTREET
Broadstreet is a private equity firm based in Greenville, S.C. with an impressive track record of identifying promising growth sectors for capital investments. The company has achieved approximately $3 billion in transactions and more than 600 people employed in the businesses it controls. Broadstreet is also one of the largest land infrastructure developers in the Carolinas with more than 40 projects that will cover approximately 30,000 home sites. The firm’s significant development business has allowed expansion to ancillary real-estate based opportunities that include home development, land banking, and hotel lodging.