Homebuilder to develop hundreds of lots in Huntersville

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A homebuilder active in the Charlotte market will develop hundreds of lots in Huntersville after recently closing on a land sale. Meritage Corp. (NYSE: MTH) acquired 64.3 acres of land at Old Statesville and Hambright roads for $5.4 million, according to Mecklenburg County real estate records. Meritage Homes will develop 236 single-family homes there, with houses ranging from 1,800 to 3,000 square feet and price points starting in the mid-$200,000 range. The site is behind J.M. Alexander Middle...

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