HHHunt Corp. invests $247M in Southeast U.S. projects

Richmond-based real estate developer and builder HHHunt Corp. announced last week it has invested $247 million in residential communities in Charlotte and Raleigh, North Carolina, as well as plans to expand in the South Carolina, Nashville and Atlanta markets.

With the expansion of the company’s investment in the Southeastern United States, it has announced changes in its leadership. Dan Schmitt, president and chief business development officer, will retire at the end of the year. Schmitt joined HHHunt in 1989 and was instrumental in the creation of the company’s master-planned communities in western Henrico County, including Wellesley, Wyndham and Twin Hickory.

Kim Kacani, previously president of its HHHunt Communities division, is being promoted to executive vice president of real estate development, in which she will oversee HHHunt’s growth into the Southeast and identify new growth markets.

“This is a very exciting time for our company,” President and CEO Buck Hunt said in a statement. “Every day we seek to expand on our vision of improving the world and how people live. These investments in new multi-family, home building and master-planned communities throughout the Southeast demonstrate our continued commitment to bringing our ‘How You Live’ lifestyle to more customers.”

HHHunt’s new Charlotte projects include Abberly Commons and Abberly Liberty Crossing, two neighborhoods with more than 600 apartments, and two apartment communities in Raleigh with 581 apartments and 41 townhomes.