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Neighborhood - Cambridge Crossings, Southport, NC
Cambridge Crossings at South Harbour Village, located in
Southport, NC, was abandoned by it's developer, Stratland Homes,
for unknown reasons. While the parent company, based in New York,
escaped bankruptcy, many of Stratland Home's subsidiaries throughout
the country filed for bankruptcy protection during the period of
2007 to 2008. One can only assume that the abandonment of this
particular project was related to financial problems within the
company. Secondly, this project broke ground right at the collapse
Southport real estate market and the global
real estate melt down that began in 2007, further leading to the
failure of this project.
Of the few dozen town homes
within this community, all at various stages of completion (or
incompletion), only 2 or 3 are occupied by owners. The remainder of
the neighborhood was abandoned for a period of almost 2 years.
Editor's Note: On March 21, 2009 D.H. Griffin
Wrecking Company, based in Greensboro, North Carolina,
dismantled all damaged structures within this neighborhood using
heavy equipment. The debris was shredded on-site and turned into
mulch before being hauled off to be recycled.
Editor's Note: In the Spring of 2010 the neighborhood was
purchased by a new developer with the goal to revive the
neighborhood. The new owners have already provided 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.
Below, please find a
photographic archive of the demise of this neighborhood.
Cambridge Crossings at South
Harbour Village - Southport, NC
Demolition Day: March 21, 2009
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