Mlive’s Jim Harger shares our story as we begin work on the final phase of our Stone Crest neighborhood.
Writer: Jim Harger
ROCKFORD, MI – Sable Homes announced it has begun the final phase of construction in the Stone Crest subdivision it bought out of foreclosure in 2013.
Sable plans to build 13 new homes as part of the final phase of the Courtland Township subdivision. Once completed, the last phase will bring the Stone Crest development to a total of 69 homes, according to a news release.
The Rockford-based home builder purchased the unfinished development out of foreclosure and began construction on new homes in June 2013. The company has been working to fill the empty lots surrounding the existing neighbors to complete the development.
“Based on the current market conditions we project to have the Stone Crest neighborhood completed in the next year to year-and-a-half,” said Karin Kay, Sable’s marketing manager. No homes have been sold in the new phase yet, she said.
Since taking over the subdivision, Sable has sold 15 homes. One is currently empty and two new Sable homes are available to be purchased, she said.
“We’re looking forward to getting going on this final phase and wrapping this project up,” said John Bitely, president of Sable. “This is a positive step toward a beautiful neighborhood for those neighbors who have been here since before the downturn.”
Most of the new homes will back up to open acreage available for communal use which Sable Homes donated $10,000 to assist in completing in 2013. New homes in Stone Crest range from $210,000 to $250,000.
Sable was Kent County’s third largest housing developer in the first half of 2014 with 31 housing starts, according to Builder Trak Reports.