Meridian Land Company has acquired land to develop new single-family homes in Cottage Grove, Minn. Together with builder Capstone Homes, Inc., Meridian Land will develop Oak Cove, an eight-acre, 12 single-family lot site. Located at the intersection of Burr Oak Avenue and 74th Street South, land development began earlier this month.
As a residential land developer, Meridian Land will oversee infrastructure improvements on the site. Once the lots are complete in late October, Capstone Homes will purchase the 12 lots from Meridian Land and begin construction of two-story, single-family homes. Model homes will be complete in time for the spring 2015 Parade of Homes tour.