Arizona-based real estate firm Suncrest has been active in Gaston County in recent years. Now, it is gearing up to soon begin development at another master-planned community there.
Suncrest is targeting a spring 2024 construction start on the first phase of Derry, a 360-acre community approved for the development of 877 single-family residences. The first phase has been approved to include 195 home lots with a range of product types, Suncrest said.
The project site is on Forbes Road in Gastonia, near Neal Hawkins Drive.
The developer, which focuses on master-planned communities, is still in discussions with homebuilders that are interested in building product at Derry.
Suncrest estimates that 10 to 12 months of site work is needed at Derry before construction of homes begins.
Gaston County has been a focus for Suncrest since the firm entered the Charlotte region in 2019. Derry joins another Suncrest project there named Nolen Farm, which includes hundreds of residences as well.
Suncrest’s Mark McAuley told the Charlotte Business Journal earlier this year that Gaston County would continue to be on the firm’s radar for future projects.
Since 2019, Suncrest has acquired over 1,200 acres in the Charlotte region and secured entitlement for the development of more than 3,000 home lots. Suncrest is planning for 2,000 additional home lots in the region to be ready for development in the next 18 to 36 months.
The firm works with a range of homebuilders to develop its communities and has other projects in Kannapolis, Indian Land and Charlotte.