Archive for Thursday, August 5, 2004

Lexington Avenue townhomes to appeal to all markets

August 5, 2004

If it weren't for an unusually wet spring and early summer, new townhomes would already be rising east of Lexington Avenue southeast of the west Y, Don Parr said.

Parr, the developer of the 60-unit Country Village Townhomes, said curbs for the development's streets were poured last week and paving was set to start Wednesday. Storm and sanitary sewers were installed several months back.

Should rain hold off, the first foundations should be poured in about 30 days, Parr said.

"This rain has really hurt us," he said. "We thought we'd have some homes going up by now."

The project represented quite a switch for Parr, whose large-lot Timber Trails subdivision in west De Soto is nearly built out.

"We have about eight lots left," he said. "I didn't learn. I just rolled into the next one."

Although different in nature from Timber Trails, Country Village Townhomes would share its basic characteristic.

"They're quality," he said of the townhomes. "They'll have full basements, nine-foot first-floor ceilings, vaulted ceilings in all the master bedrooms, full garages, stucco fronts and plenty of windows."

The individually owned townhomes, available in four different floor plans with prices estimated to range from $120,000 to $160,000, would be built as part of tri-plexes. After buying the property from the Brady Trust, Parr got the City Council to amend its development agreement for the Brady apartments, which allowed him to convert planned rental duplex plots to the tri-plexes.

The townhomes will serve as a transition to Brady's planned apartment complex and the single-family residential to the south, Parr said. They would also offer something new to De Soto, he said.

The townhomes would bemaintenance-free, with all outside building maintenance, mowing and snow removal provided through a homeowners agreement, Parr said.

In larger markets, townhomes were built to appeal to one market segment, such as young professionals, young families or retirees. Because of De Soto's size and the absence of townhomes in the market, he aimed at the total market by developing four floor plans ranging from a 1,200-square-foot ranch to a 1,600-square-foot two--story model, Parr said. The designs would allow him to respond to the market by hooking the different units together to form a tri-plex, Parr said.

If weather cooperated, the first six of the planned 60 units would be completed in four to five months, Parr said. Should nothing drastic happen to the economy, he envisioned the development to be built out in about 18 months.

"I really think it will be pretty quick," he said. "There's nothing like it around."

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