Broadstreet Partners with Contender Development for Midway Landing
Broadstreet, Inc. has taken a pivotal role in a significant project as the equity partner for Midway Landing, a sprawling 1,500-acre master-planned community developed by Contender Development. This ambitious initiative is set to unfold approximately 3,600 single-family homes, with the first homesites expected to be available by 2026. Midway Landing, designed with a coastal theme, exemplifies Broadstreet's dedication to fostering thoughtful growth in the Southeastern region.
Impressive Community Features and Commitment
The development is strategically located near key routes in the area, including Southport-Supply Road and Clemmons Road SE, and has been acquired for a substantial investment of $35 million. Such a scale of development illustrates the confidence that both Broadstreet and Contender Development have in the coastal segment of this region's real estate market.
Leadership Insights on Future Development
Joseph Baldasarra, President of Broadstreet, emphasizes the value of Midway Landing, stating, "This project represents precisely the kind of forward-looking opportunity that aligns with our mission of enhancing economic development throughout the Southeast and Mid-Atlantic regions." Meanwhile, Broadstreet's CEO, David Feingold, adds an ambitious vision, noting, "We are committed to the long-term vitality of the Carolinas by developing communities that prioritize thoughtful planning and regional impact." Their insights unveil a broader strategy aimed at enhancing local economies.
Contender Development's Established Reputation
Contender Development itself is notable, being among the largest land developers in the Southeast, managing nearly 30,000 lots across multiple states. With an active development portfolio valued at close to $2 billion, they have a firm foundation of success. Having already received preliminary plat approval, Midway Landing is on track to become a standout destination along the North Carolina coast.
Future Prospects and Community Benefits
As Midway Landing unfolds, residents can anticipate a community enriched with resort-style amenities alongside critical infrastructure improvements. This planning aims to benefit not only new homeowners but also the surrounding environment and existing communities.
About Broadstreet
Broadstreet, Inc. is a private equity firm headquartered in Greenville, S.C., known for its expertise in identifying lucrative growth sectors for investment. With over $3 billion in transactions to their credit, this organization has created significant employment opportunities, with more than 3,000 individuals engaged within its various enterprises. As the leading private equity land infrastructure developer in the Carolinas, Broadstreet oversees an extensive portfolio featuring over 40 projects that impact approximately 30,000 home sites. Their developmental strategy includes not just residential projects but also ventures in land banking and hotel lodging.
Contact Information
For further information, please reach out to James DeMarco, who can provide insights into Broadstreet's projects and vision.
Frequently Asked Questions
What is Midway Landing?
Midway Landing is a 1,500-acre master-planned community in development by Broadstreet and Contender Development, featuring around 3,600 homes.
When will homes be available at Midway Landing?
The first homesites at Midway Landing are expected to be delivered in 2026.
What types of amenities will Midway Landing offer?
The community is anticipated to feature resort-style amenities and improvements in infrastructure for its residents.
Who are the key players in the development?
Broadstreet, Inc. serves as the equity partner, while Contender Development leads the overall project.
What other projects does Broadstreet manage?
Broadstreet oversees a variety of projects in the Carolinas, focusing on land infrastructure developments and other related opportunities in real estate.
