Standard Pacific purchases 1,100-home site in N.C.

Standard Pacific Homes, one of the nation's largest home builders, has purchased a 1,600-acre master planned community called The Palisades in the Charlotte, N.C., market. With plans to open in late 2013, the company will introduce all new home designs to the project, which contains 1,100 home sites. It is located next to Lake Wylie, Charlotte's second largest lake and a popular recreational destination.

"Standard Pacific Homes plans to build its move-up oriented homes on approximately 50% of the home sites and sell the remaining home sites to other builders," said Peter Kiesecker, the company’s senior VP mergers and acquisitions. "We have already received tremendous interest from the home-building community. Many builders are anxious about the rare opportunity to build within a highly amenitized master-planned community complemented by this idyllic setting."

Standard Pacific Homes' new home designs at The Palisades will feature large-scale open spaces, including gourmet kitchens that flow into expansive Great Rooms. The homes will also provide luxurious master suites featuring walk-in closets and elegantly appointed private bathrooms.

Standard Pacific Homes operates in major metropolitan areas in California, Florida, Arizona, North Carolina, South Carolina, Texas and Colorado.