Under Construction: Construction on Walnut Hill Townhomes enters phase III

Under Construction: Construction on Walnut Hill Townhomes enters phase III

March 23rd, 2014 by Alex Green in Business Diary

The 2,502-square-foot Walnut Hill Townhomes start at $610,000. Each unit includes a private garage.

Photo by Angela Lewis/Times Free Press.

Photo by Laura McNutt/Times Free Press.

Project: Walnut Hill Townhomes, phase III.

Owner: Area builders Dale Mabee, Don Moon and Mike Moon.

Location: 400 block of Walnut Street.

Architect: Artech Design Group Inc.

Size: The 2,502-square-foot base townhome includes a full bath, closet, kitchenette and private parking garage with flex space above for a recreation room, office or general living.

Contractor: Urban Renaissance Group.

Price/rent per unit: Townhomes start at $610,000. Prices vary as options change.

Scope: The townhomes offer single-family living with personal parking downtown. Buyers can have their townhomes custom-built up to three stories, with living space over each garage.

History: Construction on phases I and II began in 2008 with six townhomes each. Mabee said all phase I and II homes have sold along with two of the 10 townhomes in phase III of the development.

Future: Mabee said since the national economy has bounced back from the housing bust of the mid-2000s, "the market has accelerated" allowing for the current construction.

Timeline: "We're halfway through this phase," said Mabee. Building more townhomes will hinge on demand.

Compiled by staff writer Alex Green, who can be reached at agreen@timesfreepress.com or 423-757-6480.