More townhomes are coming to NoDa

What’s happening: Exeter Development, an Atlanta firm that bought the site for $6.65 million this spring, is partnering with Ryan Homes on a huge 122-townhome community.

• The homes will be priced from the high $300,000s to the mid $400,000s.
• The property is along the railroad, and it’s formerly home to a custom machining and metal fabrication facility called Southeastern Enterprises.

“There’s a lot of underutilized land in that part of NoDa,” Exeter CEO Tim Kemper told Axios. “Underutilized land is starting to be converted into more appropriate uses.”

Kemper cited Charlotte’s rapid growth as a reason his company is interested in further expansion here. Obviously, all those people moving here will need places to live, he added.

Of note: Exeter is behind a separate, 194-townhome development out at Woodlawn Green, near LoSo Station. Also as part of a partnership with Ryan Homes, the townhomes will be priced from the $300,000s to the mid $400,000s.