Top Homebuilder Creating 189 Jobs with New 145,000 Square-Foot Manufacturing Facility
FOR IMMEDIATE RELEASE
Contact: Kim Hasty, Director of Communications
Top Homebuilder Creating 189 Jobs with a New 145,000 Square-Foot Manufacturing Facility
$25 million investment will anchor a new industrial park on Dunn Road
FAYETTEVILLE, NC – State, County, and City officials announced today that NVR, Inc. will be building a 145,000-square-foot manufacturing operation on a 22-acre site on Dunn Road in Fayetteville. The facility, which will be used to manufacture trusses, wall panel systems, and other essential homebuilding components, is expected to bring 189 jobs to Fayetteville and Cumberland County at an average wage of over $45,000.
Headquartered in Virginia, NVR sells and constructs homes under the brands of Ryan Homes, NVHomes, and Heartland Homes in 15 states. The Fortune 500 company operates in two business segments: homebuilding and mortgage banking. In addition to the new facility in Cumberland County, NVR will be expanding its existing facility in Cleveland County, increasing investment and employment.
“When companies already in North Carolina choose to expand here, it’s a great vote of confidence,” said N.C. Gov. Roy Cooper. “Our ability to support NVR’s growth demonstrates the reliability of our workforce, access to supply chains, and quality of life as attractive tools to meet the increasing demands of the homebuilding industry.”
N.C. Commerce Secretary Machelle Baker Sanders said that access to talented workers proved attractive to NVR. “Companies like NVR will continue to thrive in places where a world-class workforce and strong partnerships are available to support their business objectives,” she said.
The Fayetteville City Council and the Cumberland County Commissioners both supported the project, approving a combined $827,000 in local incentives. NVR, Inc. will make an investment in the community that is expected to exceed $25 million. “This project will serve as a cornerstone supporting additional economic development, making Dunn Road our next job creation corridor,” said Glenn Adams, Chairman of the Cumberland County Commissioners. “This is a major win for Fayetteville and Cumberland County.”
Incentives will be paid out provided the company meets the job-creation and investment goals. “We are excited to have such a premier company choose our city for its expansion,” Fayetteville Mayor Mitch Colvin said. “We believe this project will have a significant positive impact in terms of adding jobs and enhancing our region.”
RealtyLink, LLC purchased the building on Dunn Road that had been used by Soffe for its warehouse store. The building is currently being upfit for an Amazon delivery center and a FedEx facility. RealtyLink is working with NVR, Inc. to build the manufacturing operation, to be located directly across the street.
The Greenville, South Carolina-based RealtyLink also developed Freedom Town Center on Skibo Road. RealtyLink Principal David Allen said the company believes in the potential for growth and success in Fayetteville and Cumberland County. “This is the natural progression of development for this project,” Allen said. “This facility is the next phase of developing 83 acres into a Fayetteville industrial corridor along Business I-95. We love your community.”
Kelvin Farmer, Chairman of FCEDC’s Board of Directors, said the project is the culmination of a collaborative effort from multiple public and private organizations that helped bring the project to fruition. “FCEDC is grateful to the City of Fayetteville, Cumberland County, EDPNC, NC Department of Commerce, NCDOT, and the Fayetteville Public Works Commission for their hard work in bringing new investment and jobs to Fayetteville and Cumberland County,” said Farmer.
About NVR, Inc.: NVR, Inc. operates in two business segments: homebuilding and mortgage banking. The homebuilding segment sells and builds homes under the Ryan Homes, NVHomes and Heartland Homes trade names, and operates in 34 metropolitan areas in 14 states and Washington, D.C. For more information about NVR, Inc. and its brands, see www.nvrinc.com, www.ryanhomes.com, www.nvhomes.com and www.heartlandluxuryhomes.com.
About RealtyLink, LLC: RealtyLink, LLC, a full-service real estate developer headquartered in Greenville, SC, was founded in 1998 by Phil and Neil Wilson, with Jack Jamison joining the partnership in 2001. Specializing in retail, industrial, multi-family, and entertainment projects, RealtyLink provides a full spectrum of services including market analysis, site selection, construction management, project funding, sale leasebacks, plus much more. For more information, please visit www.realtylinkdev.com.
About FCEDC: The Fayetteville Cumberland County Economic Development Corporation is a public-private partnership designed to enhance job growth and prosperity in the region by attracting new industry and growing and retaining existing industry. FCEDC works daily to help strengthen our economy and diversify our community’s tax base. Successful projects would not be possible without the ongoing support of the City of Fayetteville, Cumberland County, and community partners. Learn more at www.fayedc.com.