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The Charlotte Observer, N.C., Doug Smith Column.

The Charlotte Observer (Charlotte, NC )

| January 04, 2002 | This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Doug Smith

Jan. 4--New South Properties of the Carolinas has launched a $35 million housing subdivision on 28 acres near the entrance to the Highland Creek golf course community in northeast Charlotte.

Prosperity Ridge, under way at Prosperity Church and Ridge roads, will include 87 houses and 137 townhomes.

Partner Bart Hopper said New South Properties was attracted to the area by its healthy job growth. New York-based TIAA-CREF, for example is developing a 140-acre office campus that eventually could employ as many as 9,000 people at nearby University Research Park.

The area of northeast Charlotte around Highland Creek -- the…

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