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CAMBRIDGE CROSSINGS - SOUTHPORT, NC

Editor’s Note:  Since this article was written in 2007, Cambridge Crossings has been revived and is now a thriving, active community.   They are now offering three new single-level townhome designs.  Check out the new floor plans here:cambridgecrossingsnc.com to check out the new single-level designs now available!   

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In 2007, Cambridge Crossings at South Harbour Village, located in Southport, NC, was abandoned by it's developer, Stratland Homes, for unknown reasons. While the parent company, based in New York, escaped bankruptcy, many of Stratland Home's subsidiaries throughout the country filed for bankruptcy protection during the period of 2007 to 2008. One can only assume that the abandonment of this particular project was related to financial problems within the company. Secondly, this project broke ground right at the collapse of the Southport real estate market and the global real estate melt down that began in 2007, further leading to the failure of this project.

Of the few dozen town homes within this community, all at various stages of completion (or incompletion), only 2 or 3 are occupied by owners. The remainder of the neighborhood was abandoned for a period of almost 2 years.

Editor's Note: On March 21, 2009 D.H. Griffin Wrecking Company, based in Greensboro, North Carolina, dismantled all damaged structures within this neighborhood using heavy equipment. The debris was shredded on-site and turned into mulch before being hauled off to be recycled.

Editor's Note: In the Spring of 2010 the neighborhood was purchased by a new developer with the goal to revive the neighborhood. The new owners have already provided a beautiful entrance, improved the grounds with abundant landscaping and are in the process of completing units for new buyers who have already decided to make Cambridge Crossings their home. Read More>>>     View Pictures>>>

 
 

 

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