A new single-family neighborhood with just under 300 homes is planned for a piece of land in walking distance from downtown Pineville.
MPV Properties announced Thursday that a 105-acre tract sold this summer for $4.86 million would be developed into a Meritage Homes community called Preston Park.
The 299 homes would range in size from 1,800 square feet to 2,500 square feet, with prices ranging from $275,000 to $325,000.
Construction is set to begin by the end of the year.
Pineville is one of the least developed of the Mecklenburg County suburban towns, but there has been a resurgence of interest in recent years. Other projects include a proposed townhome community and a redevelopment of the historic Cone Mill.