Meridian Land Company and Capstone Homes Inc. are partnering of Oak Cove, an eight-acre housing development that will have 12 single-family lots at the intersection of Burr Oak Avenue and 74th Street South in Cottage Grove. Meridian Land, a subsidiary of United Properties, will act as developer and will oversee infrastructure improvements on the site. When the lots are ready in late October, Capstone Homes will purchase them from Meridian and start building two-story, single-family homes that will priced from $360,000 to $450,000. A model will be ready in time for the spring 2015 Parade of Homes tour. Previously, Meridian Land partnered with Capstone on 29 single-family lots at Mississippi Dunes, also in Cottage Grove.
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