The St. Charles Companies today announced the addition of national homebuilder K. Hovnanian® Homes® to its roster of quality single family home builders in the 9,200 acre master planned community of St. Charles, MD. The amenity-rich St. Charles community has been the top-selling new home community in Southern Maryland for several years, with new townhomes and single family homes priced well below similarly located metropolitan Washington area communities. The new line of K. Hovnanian® Homes®, which will have options for dual owner’s suites, tandem 3 car garages, convenient high tech drop zones and plans with the versatility to have up to 7 bedrooms, are expected to be priced from the $360’s. St. Charles is just 11 miles south of the Capital Beltway and is close to Southern Maryland’s military bases, the booming retail and entertainment hub at National Harbor, and offers easy access to the area’s transportation corridors.
“We are extremely pleased to welcome K. Hovnanian® Homes® to St. Charles,” said St. Charles Companies President, Matthew M. Martin. “They construct an excellent product with a long history of understanding homebuyer preferences. Their presence in St. Charles will allow us to further diversify our product offerings and offer an even greater selection of homes at great value.”
“We are thrilled to be building in St. Charles and are excited for our partnership with the St. Charles community and the other builders,” said K. Hovnanian® Homes® Vice President of Sales and Marketing, Maura Arndt. “Our unique floor plans are well-suited to fit every lifestyle with a variety of personalized options available. K. Hovnanian® Homes® offers all the tools to help build your dream home at an unbeatable price in a resort-style community.”
K. Hovnanian® Homes® will be building 33 single-family homes in Gleneagles South, a neighborhood with panoramic views of the White Plains Golf Course. The new Gleneagles community center provides swimming and wading pools, and residents will enjoy nearby walking paths that connect to Charles County's White Plains Park.
In 2014, St. Charles participated in the opening of the1,600-student St. Charles High School, which offers unique educational opportunities to students and the community alike. Built on a 100-acre site donated by The St. Charles Companies, the new school includes programs on environmental and natural resource management, technology, and current issues related to these fields of study, as well as cutting edge learning experiences such as a digital classroom and “Science on a Sphere.” This feature, co-developed by NASA, provides students with visual instruction about science, the Earth and the environment.
St. Charles, MD is the best-selling new home community in Southern Maryland and is considered one of the most successful master planned communities in the Country, recently ranked 42nd by industry data firm, John Burns Real Estate Consulting, in their independent ranking of the Top Selling Master Planned Communities of 2014 across the nation. Over the past few years, St. Charles was featured several times in The Washington Post and was profiled alongside the Washington area’s top master planned communities in The Washington Times (Master-Planned Towns, Age 50, Innovative Still). St. Charles has achieved record-level sales in recent years as buyers and renters recognize the advantages of a mixed-use community with unique features such as the Regency Furniture Stadium, the new West Waldorf library, and the new St. Charles High School. Named by CNN’s Money Magazine as one of the top twenty small cities to live in America, St. Charles is known for its diverse and abundant neighborhoods, lively retail centers, recreational opportunities and excellent schools. St. Charles appeals to all ages and lifestyles and was named by U.S. News and World Report as one of the nation’s top bargains for places to retire. St. Charles invites you to like us on Facebook at St. Charles MD or visit us at www.stcharlesmd.com.
About K. Hovnanian® Homes®
The K. Hovnanian® Homes® family of homebuilders has been building homes for over fifty years, with over 30 years of experience in Maryland. Our high customer satisfaction scores and numerous award winning homes have allowed us to become one of the top homebuilders in the state, and across the nation.
The St. Charles Companies includes American Community Properties Trust, The Apartments of St. Charles, American Land Development and St. Charles Community, LLC. The St. Charles Companies’ lines of business include the residential and commercial development of St. Charles, a 9,200 acre planned community in Charles County, Maryland and the ownership of an operating apartment portfolio of approximately 2,500 units in St. Charles.
Federal Capital Partners® acquired The St. Charles Companies in December 2009. FCP is a privately held real estate investment company that has invested in or financed more than $4.0 billion in assets since its founding in 1999. FCP is seeking equity, preferred equity and mezzanine debt investments in commercial and residential real estate throughout the Mid-Atlantic region, including Washington DC, Maryland, Pennsylvania, Virginia, Delaware, West Virginia, New Jersey and the Carolinas. FCP buys assets directly as well as through joint ventures with local operating partners. The firm, based in Chevy Chase, MD, owns and manages in excess of $2.3 billion in assets. FCP is currently investing its second investment fund, a $529 million commingled, discretionary fund closed in 2012. For further information on FCP, please visit www.fcpdc.com.