Lennar Corporation Acquires The St. Charles Planned Unit Development – One Of The Largest Acquisitions In The State Of Maryland In Recent History

Lennar Corporation, d/b/a Lennar purchased the membership interest in St. Charles Community, LLC, an entity that owns the St. Charles Planned Unit Development (PUD) in Waldorf, Maryland. The acquisition of the 2,400-acre development, which includes residential, commercial, and industrial properties, supports the county’s economic development policy and sparks a new relationship with the county for the future of the PUD. With this new relationship, it is anticipated the number of future homes built in the community will be reduced by more than 2,500 units, leading to enhancements in roads, parks, public safety, and school facility renovations.

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Source: Southern Maryland Online

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