New residential area coming to Lexington’s Carlen Avenue

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A new residential development is coming to an area off Carlen Avenue in Lexington.  

Colliers South Carolina’s Craig Waites recently brokered the sale of a 25.44-acre tract of land on Carlen Avenue. Waites represented the seller, Three Rivers Land Development Group.  

The property will be developed into single-family detached units and townhomes within Lexington’s town borders through a partnership between Eastwood Homes and Landtech LLC, according to a news release.  

LandTech LLC of South Carolina is a private real estate development, marketing and management firm headquartered in Columbia that specializes in the development of family-friendly communities, the release said.  

Eastwood Homes is a privately held residential builder with more than 45 years of experience in home construction, currently serving communities in both Carolinas as well as Georgia and Virginia.  

The housing market in Lexington has seen steady growth and consistent high demand in recent years with a notable increase in property values, according to information compiled by Colliers. The area around the Carlen Avenue site is a mix of suburban living and access to urban conveniences.  

Waites is a managing director at Colliers specializing in land brokerage, planning and the entitlement process.