Richmond American Announces New Homesites In St. Cloud

Rhea-AI Summary

M.D.C. Holdings announces the acquisition of 100 acres in St. Cloud, Florida, to develop 161 homes in the Southern Pines community. This project will comprise over half of the total 313 homes planned for the area, with a completion expected between late spring and summer 2021. The homes will feature the Seasons™ Collection, offering modern designs and numerous personalization options.

Positive

• Acquisition of 100 acres for new home development.
• Plans for 161 homes in a community with a total of 313 homes.
• Completion timeline set for late spring to summer 2021.
• Introduction of the sought-after Seasons™ Collection.

Negative

• None.

ORLANDO, Fla., Sept. 9, 2020 /PRNewswire/ -- Richmond American Homes of Florida, LP, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC) is excited to announce the recent purchase of 100 acres of land at the new Southern Pines community in St. Cloud. The builder plans to develop 161 homesites, accounting for over half the homes at the 313-home community.

More about Seasons at Southern Pines (RichmondAmerican.com/SeasonsSP)
This community is slated for completion in late spring to summer 2021 and will showcase the homebuilder's sought-after Seasons™ Collection, boasting new contemporary exteriors. Seasons at Southern Pines will boast ranch-style and two-story floor plans with up to six bedrooms, ranging from approx. 1,610 sq. ft. to 2,807 sq. ft. Community amenities are also being planned.

The Seasons™ Collection at a glance

• Popular features at an attractive price point
• Open layouts with airy 9' main-floor ceilings
• Hundreds of ways to personalize with fixtures and finishes
• Complimentary design consultation at the Home Gallery™

Seasons at Southern Pines is located on Nolte Road, just east of Michigan Avenue in St. Cloud.

For more information, call 407.502.6198.

About M.D.C. Holdings, Inc.

Operating under the name Richmond American Homes, MDC's homebuilding subsidiaries have built more than 210,000 homes since 1977. Among the nation's largest homebuilders, MDC's subsidiary companies have operations in Arizona, California, Colorado, Florida, Maryland, Nevada, Oregon, Utah, Virginia and Washington. Mortgage lending, plus insurance and title services are offered by the following MDC subsidiaries, respectively: HomeAmerican Mortgage Corporation, American Home Insurance Agency, Inc. and American Home Title and Escrow Company. M.D.C. Holdings, Inc. is traded on the New York Stock Exchange under the symbol "MDC." For more information, visit MDCHoldings.com.

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SOURCE M.D.C. Holdings, Inc.

FAQ

What does M.D.C. Holdings' new purchase in St. Cloud entail?

M.D.C. Holdings has purchased 100 acres to develop 161 homes in the Southern Pines community.

When is the expected completion for the Southern Pines community?

The Southern Pines community is expected to be completed between late spring and summer 2021.

What type of homes will be developed in Southern Pines?

The Southern Pines community will showcase the Seasons™ Collection, featuring ranch-style and two-story floor plans.

How many homes will be part of the Southern Pines community?

The Southern Pines community will consist of a total of 313 homes, with M.D.C. Holdings developing over half of them.

What are the features of the Seasons™ Collection?

The Seasons™ Collection offers open layouts, airy ceilings, personalized fixtures, and a complimentary design consultation.