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THE REVIVAL OF CAMBRIDGE CROSSINGS, SOUTHPORT, NC
Sometimes there is life after death . . . at least in the real estate world. Cambridge Crossings, a townhome development on Fish Factory Road in Southport, is in the midst of a genuine rebirth.
Dear Editor,
Thank you for the opportunity
to acquaint you with the new Cambridge Crossings Townhomes. As you
are aware from your research for your
previous article, the original owner/developer, Stratland Homes
lost this project in a foreclosure action to Regions Bank. New
owners have emerged and Cambridge Southport, LLC, a North Carolina
based builder/developer from the Charlotte area, purchased Cambridge
Crossings at the beginning of this year. The abandonment of this
community was so sad and so symbolic of the real estate collapse in
our area, particularly for the three homeowners who had already
purchased their home, and for the South Harbour Village community at
large. Yet, as we all watched it sit for months (almost 2 years), we
also knew that before Regions Bank took it over, there were 47
contacts for purchase in place. Cambridge Crossings is a place where
people who love this coastal area want to live.
How wonderful it is to market
the “Good News”! Things are changing! Things are getting better!
Look at these lovely homes that were for so long a
ghost town, and now it is so uplifting to see it being revived.
The new owners have given us a beautiful entrance, improved the
grounds with abundant landscaping and are in the process of
completing units for new buyers who have already decided to make
Cambridge Crossings their home. With ties to the South Harbour
Village POA, Cambridge Crossings residents will share the completed
amenities that include Clubhouse, Pool, Tennis Courts and Parks, as
well as enjoying the
South Harbour Links Golf Course, full service Marina on the
Intracoastal Waterway, the Wildlife Boat Launch and Dutchman’s Creek
Park.
The best news yet is that the
new owners have no debt on this property and are not subject to bank
loans in order to finish the remainder of the 88 Townhomes. Now,
Cambridge Crossings will be symbolic, not of local real estate
problems, but a perfect example of the revival of our local
real estate market; as buyers who want to enjoy our coastal
community find a well built, maintenance free home in an
established, successful neighborhood.
Pam Lawrence
Managing Partner
Lawrence Sales & Marketing
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