ST. CHARLES, Md.—The St. Charles Companies recently announced the start of infrastructure work on Fieldside, the newest neighborhood in the St. Charles community, located near Waldorf in Charles County. Ryan Homes will be the exclusive builder within Fieldside, offering single-family homes and townhomes at prices starting from the low 200's.
Located off Piney Church Road and St. Linus Drive, the new 500-home community is within easy reach of the Southern Maryland Blue Crabs Stadium and adjacent to the newest Charles County high school; the state-of-the-art, St. Charles High School, now under construction. Amenities will include a community center with extensive common areas, walking paths and playgrounds.
"Fieldside combines all of the best of St. Charles in a smaller, walkable neighborhood with the top notch amenities," said St. Charles Companies CEO, Alan Shearer. "Homes in Fieldside will be aggressively priced to appeal to a wide range of homebuyers looking for a convenient suburban location with a fully developed infrastructure, mature shade trees throughout and natural features and amenities designed to enhance a sense of community."
With site work underway, Ryan Homes expects to begin home construction in January with new residents moving in by spring of 2012.
Recently featured in the Washington Post's "Where We Live" section, St. Charles is the largest population center in Charles County and is known for its diverse and abundant neighborhoods, lively retail centers, recreational opportunities and excellent schools. St. Charles is home to the Southern Maryland Blue Crabs Atlantic League baseball team at Regency Furniture Stadium, and has several additional new construction projects underway within its boundaries, including the new St. Charles High School and a new public library. St. Charles appeals to all ages and lifestyles and was recently named by U.S. News and World Report as one of the nation's top bargains for places to retire.
The St. Charles Companies (www.stcharlesmd.com) includes American Community Properties Trust, The Apartments of St. Charles, American Land Development and St. Charles Community, LLC. The St. Charles Companies' lines of business include the residential and commercial development of St. Charles, a 9,100 acres planned community in Charles County, Maryland and the ownership of an apartment portfolio of approximately 3,000 units, primarily in St. Charles.
Federal Capital Partners (www.fcpdc.com) acquired The St. Charles Companies in December 2009 through its FCP Fund I, L.P. Federal Capital Partners (FCP) is a Washington, DC based, privately held real estate investment company that has acquired interests in more than $3 billion in assets since 2003. FCP invests in multi-family and commercial assets throughout the Mid-Atlantic region, including Washington, DC, Baltimore, Philadelphia, the Virginia Tidewater region and the Raleigh/Durham area and currently manages a portfolio of approximately $1.8 billion in real estate assets throughout those markets. Through its discretionary co-mingled private equity funds, FCP invests directly in core plus, value-add, opportunistic and development properties. In addition, FCP provides both equity and debt capital to real estate operating partners and is aggressively seeking office, residential (for sale and for rent), industrial and retail investments in all of its target markets.
Source: The St. Charles Companies