The Post and Courier in Charleston, S.C. reports that D.R. Horton has acquired a large parcel of land on which the newspaper reports as many as 1,700 homes could be built.
More rooftops soon will rise on an expansive Berkeley County parcel after the nation’s largest home builder purchased several hundred acres near Charleston.
Arlington, Texas-based D.R. Horton recently paid $25.2 million for about 604 acres in the Wildcat Tract adjacent to the Cane Bay development off U.S. Highway 176, according to Berkeley County land records.
The large undeveloped parcel is part of the 2,031-acre property bought by an affiliate of Gramling Brothers Real Estate & Development of Charleston in late 2016 for $21 million.
