The condo community will be built in clusters of six to eight units, each with three bedrooms and two baths. Eight-foot storage buildings will separate each cluster.

The locally based builder is active in 30 markets in the Southeast, Mid-Atlantic, Southwest and South Central states. The company's common closed June 8 on the New York Stock Exchange at $59.66 and has a 52-week high-low range of $69.50 to $17.81 per share.

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