Richmond’s first ‘Homes for Hope’ residence located in Chesterfield County Community
(MOSELEY, Va.) – Magnolia Green – central Virginia’s premier multi-generational, active-lifestyle residential community – announces its owner, iStar Residential, has donated $8,000 to HOPE International for the “Homes for Hope” project.
Homes for Hope is a non-profit organization that provides the opportunity for builders and their trade partners to collaboratively build a home and donate proceeds from the sale to help fight poverty in developing countries. The net profit is given to HOPE International, a charity that helps needy families through business development programs.
Built by HHHunt Homes, the Richmond area’s first Home for Hope is located in Magnolia Green’s Sherwood Fields neighborhood. The 2,586-square-foot house, which was presold for $311,750, will meet energy-efficiency standards that define HHHunt homes. Other highlights include hardwood floors throughout the first floor and a kitchen with granite countertops and stainless steel appliances.
Tom Page, iStar Residential Vice President, presented the check to Pat McCarthy, HHHunt Homes General Manager.
“Magnolia Green is honored to partner with Homes for Hope to help eliminate poverty and provide opportunities for families worldwide,” says Page. “This donation is symbolic of the fact that not only do we take in pride in building locally to benefit the lives of our community members, but that we’re also committed to bettering the lives of those in the developing world.”
Adds McCarthy: “Acquiring trade partners has been easy because everyone who learns about Homes for Hope is eager to donate to such an excellent cause,” says Pat McCarthy, General Manager of HHHunt Homes in Richmond. “It’s amazing to see how we can all work together to address one of the world’s greatest challenges just by doing what we do best – building homes.”
Magnolia Green, Richmond’s best-selling residential development for several years running, offers townhomes, single-family and custom-built residences from a number of leading builders. Ranging from just under $200,000 to $1 million, all are built for enduring comfort with an emphasis on quality craftsmanship, innovative floor plans and energy efficiency.
To date, iStar has invested nearly $50 million in the community with a second residential phase and $10 million amenity package – which will include an aquatics center, golf clubhouse, tennis facility and golf practice area – scheduled to break ground later this year.
Magnolia Green Golf Club (formerly Westham Golf Club) debuted as an 18-hole course this spring. A Nicklaus Design in association with Tom Clark, it features a clever routing through groves of native trees, gently sloped greens and outstanding conditioning.
About Magnolia Green
Located just southwest of Richmond, Va., Magnolia Green is the region’s best-selling community. It features a wide selection of townhomes, single-family and custom-built residences from just u Located just southwest of Richmond, Va., Magnolia Green is the region’s best-selling community. It features a wide selection of townhomes, single-family and custom-built residences from just under $200,000 to $1 million. An array of parks and hiking trails, new 18-hole Magnolia Green Golf Club, swimming pools, sports courts and playing fields create an all-inclusive lifestyle for active adults and families alike.
More information: www.magnoliagreen.com, www.magnoliagreengolfclub.com
nder $200,000 to $1 million. An array of parks and hiking trails, new 18-hole Magnolia Green Golf Club, swimming pools, sports courts and playing fields create an all-inclusive lifestyle for active adults and families alike.
More information: www.magnoliagreen.com, www.magnoliagreengolfclub.com
About iStar Residential
iStar Residential is one of the largest investors in luxury condominium, multi-family and master-planned residential developments throughout the U.S., having financed and invested in $10 billion of residential projects since 1993. The iStar Residential portfolio has included interests in over 18,000 condominium units in the nation’s top markets and 65,000 acres in master-planned communities with potential for an estimated 50,000 single family and multi-family units. The company’s unique, cohesive platform extends from property entitlement and development to construction, bridge and long-term financing through asset servicing, property and portfolio management.
iStar Residential is a division of iStar Financial Inc. (NYSE: STAR), a fully-integrated finance and investment company focused on the commercial real estate industry. It provides custom-tailored investment capital to high-end private and corporate owners of real estate and invests directly across a range of real estate sectors. Taxed as a real estate investment trust (“REIT”), iStar Financial has invested more than $35 billion over the past two decades.
More information: www.istarfinancial.com.
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