News Summary
Drees Homes has named Chris Bunge as the new division president for its Cleveland market, effective immediately. Bunge has a history with the company starting in 2014 and has led the successful Elevate by Drees Homes division. His strategic focus includes plans to introduce new speculative homes by 2024 in response to rising renovation costs. Drees Homes continues to expand its offerings in Northeast Ohio with key developments like Forest Commons, aiming to meet increasing demand for new housing options.
Cleveland, Ohio
Drees Homes has appointed Chris Bunge as the new division president for the Cleveland market, as announced on Thursday, September 23. Bunge has been in this role since June, according to his LinkedIn profile. The company, headquartered in Fort Mitchell, Kentucky, just outside Cincinnati, has expressed confidence in Bunge’s leadership, particularly noting the significant growth of the Elevate by Drees Homes division under his direction.
Bunge’s tenure with Drees Homes began in 2014 when he started as a customer care representative. He has since progressed to serve as the builder and general manager for Elevate by Drees Homes, the company’s build-on-your-lot division. Under his guidance, the division has achieved notable expansion and success.
Strategic Plans for Cleveland Market
Looking forward, Bunge has outlined ambitious plans for Drees Homes in Cleveland. By 2024, he aims to enhance the company’s market strategy, particularly by introducing speculative homes on lots located on the east side of the city. This move is expected to cater to increasing consumer interest due to the rising costs of home renovations, such as kitchen remodels that can run as high as $100,000.
Drees Homes’ Offerings in Northeast Ohio
Drees Homes focuses on constructing homes priced from the $400,000s to over $1 million in the Northeast Ohio market. The company has developed key communities such as Fieldstone in Avon, Market Highlands townhomes in Brunswick, The Estates of Columbia Ridge in Columbia Station, and Spring Hill in Green. Inclusion in the company’s future plans is the Forest Commons development in North Olmsted, a significant residential project covering 11.2 acres.
Forest Commons Development Details
The Forest Commons development will feature 48 units of for-sale housing, with prices expected to range between $315,000 and $550,000. The construction of homes in this development is anticipated to start as early as next winter, with an estimated completion timeframe of a year-and-a-half.
Operational Footprint
Drees Homes operates in multiple regions across the United States, including Cincinnati, Indianapolis, Jacksonville, Nashville, Raleigh, Washington, D.C., Austin, Dallas, and Houston. This wide operational footprint highlights the company’s extensive market presence and its commitment to catering to various housing needs across different communities.
In his new role, Bunge has expressed enthusiasm for the opportunities ahead while emphasizing the importance of collaboration and commitment to growth within the Cleveland area. As the housing market evolves, the company’s focus on providing potential buyers with new home options stands to meet increasing demand fueled by rising renovation costs.
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Additional Resources
- Crain’s Cleveland: Drees Homes Names Chris Bunge to Lead Cleveland Market
- Cleveland.com: City of Broadview Heights, Drees Homes Face Possible Lawsuit
- NKY Tribune: Drees Homes Named a 2023 Great Place to Work
- GlobeNewswire: Drees Homes Announces New Cleveland Division President
- Cleveland.com: Brookpark Road New Townhomes to Get Started in North Olmsted
- Wikipedia: Cleveland
- Google Search: Drees Homes
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