CHARLOTTE, NC—Capstone Land Sales has arranged the $3.32 million sale of a 27-acre townhome development site in Charlotte’s Pineville suburb. Located at 12600 Rock Hill-Pineville Rd, the site offers unparalleled access to both I-77 and I-485, as well as proximity to major employers and retail destinations in both Ballantyne and the Southwest Charlotte submarket.

Capstone’s Ron Corrao, Caleb Troop, Brian Ford, and Eric Liebich sold the property on behalf of a local family who had owned the land for generations. The buyer, Stanley Martin Homes, plans to build 166 for-sale Charleston-style townhomes with spacious three-story floorplans. The townhome community will include a full on-site resident amenity center.

“Stanley Martin Homes intends to bring some of the most beautiful and desirable townhomes in the Charlotte MSA to Pineville with their acquisition of this nearly 27-acre development site,” said Corrao.

The property was deemed a high-profile project in Pineville and received extra scrutiny and consideration from town council throughout the review and rezoning process.

“Stanley Martin Homes collaborated closely with staff and council to thoughtfully design a community that will undoubtedly enhance the town of Pineville and its continued growth and development,” Corrao added.