Rocky River is a 1,120 single-family home community with amenities, being developed by Kolter Homes. This Cresswind community is an age-restricted, 55+ active adult community in Locust, North Carolina, about 45 minutes from Charlotte, North Carolina.
Rocky River follows 13 successful Cresswind communities developed by Kolter Homes, including Twin Lakes Georgia. Each of these projects is either completed or currently under construction, with more than 5,800 homes already built and turned over to buyers. Kolter Homes has proven experience delivering single-family home communities on time and on budget. Rocky River will build on this successful track record.
Construction Progress
An Exceptional Rural EB-5 Project with a Proven Business Model
A Wealthy Target Market Unaffected by Elevated Interest Rates
Learn More about the Rocky River EB-5 Project
Construction Progress
During January, crews successfully excavated Basins D, E, and F, establishing vital groundwork for future development. They also began the installation of sewer mains on the North side of the site, which marked the first step toward creating essential underground utilities for the area. Simultaneously, cut and fill operations commenced on the North side to level the terrain and ensure a stable foundation for upcoming construction.
In February, attention turned to Pond H, which was excavated and completed as a key stormwater management component. Sewer main installation continued on the North side, and crews began installing the storm drainage system there to further address water runoff. On the South side, a 72-inch stream crossing was successfully put in place, ensuring efficient water flow and site accessibility. Offsite, clearing and grubbing for the sewer line began, laying the groundwork for the forced main system, which also saw the start of its installation process.
An Exceptional Rural EB-5 Project with a Proven Business Model
Kolter is one of the 20 largest private home builders in the United States. Since its founding in 1997, Kolter has invested in real estate projects totaling over $30.0 billion in value and has developed thousands of single-family homes across the Southeast.
Over its more than 25-year history, Kolter has borrowed billions of dollars and has never failed to repay a loan. All EB-5 investments in Kolter projects are in good standing or have been repaid.
Kolter has extensive experience developing single-family home communities through its business unit, Kolter Homes. It has already developed two other successful Cresswind communities for active adults in the greater Charlotte area: Cresswind Charlotte and Cresswind Wesley Chapel.
Cresswind Charlotte celebrated its 600th home closing in July 2024, highlighting the high demand for active adult communities in the area. Similarly, Cresswind Wesley Chapel features 601 home sites and several state-of-the-art amenities.
Only a 45-minute drive away from Charlotte, the Rocky River project is poised to replicate the success of these nearby Cresswind communities. The Rocky River community will include 1,120 homes for 55+ adults, complete with the lifestyle features and luxury amenities that have made the Cresswind brand so successful throughout the Southeast.
A Wealthy Target Market Unaffected by Elevated Interest Rates
Rocky River is targeting a fast-growing and affluent buyer segment—aging baby boomers. With an industry average move-in age of 72, the active adult segment sits at the forefront of the baby boomer wave. Historically, 55+ age-restricted communities command strong premiums over market-rate housing. Moreover, because residents are typically homeowners with significant equity in their previous homes, they have greater purchasing power.
Baby boomers are the wealthiest demographic in the United States, owning a reported $18 trillion in housing wealth—more than triple that of millennials. With ample savings and home equity, many of these seniors make substantial down payments, and often buy new homes in cash. Because Rocky River strategically targets these buyers, it will remain resilient despite elevated interest rates.
Learn More about the Rocky River EB-5 Project
For more information on the Rocky River project and the EB-5 program, we invite you to schedule a free consultation with EB5AN.
