Builder Spends Nearly $20M on Severn, Arnold Developments

A national home builder has spent about $20 million for two parcels of land slated for development, including a 116-home project in Severn.

The Baltimore Sun reports that this was the largest land acquisition of unimproved land in the county this year. D.R. Horton, which owns land in 28 states across the country, purchased the land from Koch Development, according to Annapolis-based Hogan Cos., which is representing Horton.

Horton purchased land for two approved developments—Millstone Village in Severn, a 116-lot development between Reece Road and Loving Road, and , which is a 130-lot development off of Jones Station Road. Both developments include townhouses and single-family lots.

The Sun reports that Horton was capitalizing on the Severn property's proximity to another development Horton owns, and Fort Meade, a growing military base.