This article is from the Australian Property Journal archive
ACTUS Lend Lease and the Department of the Navy have reached financial close on Phase three of the Marine Corps Communities development project.
Phase Three of the Atlantic Marine Corps Communities project consists of Marine Corps Base Camp Lejeune and Marine Corps Air Station Cherry Point in North Carolina, and Westover Joint Air Reserve Base in Massachusetts.
The project includes the development, construction, renovation and management of more than 2,000 homes across the three installations over 50 years.
It has an initial development spend of US$304 million (approximately A$345 million) over the first five years.
Actus Lend Lease is currently managing Phases One and Two of the AMCC project at Cherry Point, Camp Lejeune and in the Orange County, New York enclave of Stewart Terrace.
Australian Property Journal