Earlier in the year, news broke about D.R. Horton snatching up a 32.5-acre site in the suburban community of Antioch with plans to build a new 120-unit housing community.
Well, just a few short months later, it appeared that D.R. Horton wouldn’t be the only national homebuilder to break into the Antioch real estate market, but an apparent agreement between Lennar and Houston-based Hines just recently fell though.
According to numerous reports from The Tennessean and the Nashville Business Journal, Lennar Homes, one of the country’s largest home builders, was planning to purchase a 64-acre site at 4360 Maxwell Road in the Antioch community, but has since backed out of the deal, leaving the subdivision site still available and now back on the market.
Lennar’s original plan was to feature a collection of homes in the $230,000 to $280,000 price range, but uncertainty now looms as Hines is now looking for a new buyer.
As of now, the Davenport Downs site in Antioch is zoned for 207 single-family homes.