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Saturday, July 12, 2008
ALL ABOUT LOCUST NC
The tiny Stanly County city of Locust is bracing for a construction boom that will triple its housing stock within five years.
City planners believe as many as 2,800 homes will be built if all the anticipated projects are developed.
James Inman, city administrator, believes the flood of residential development could swell Locust's population to more than 10,000, up from 2,800 today.
Major subdivisions on the horizon include:
The 1,100-home Villages of Redbridge, a New England-inspired community being developed by Stephen Content of Charlotte. Home prices and other details haven't been disclosed, but site work is under way.
A Reese Gibson-developed community tentatively called Churchill Downs that will feature a horse-farm theme for its 540 homes.
Locust Valley, an 80-home development being built by Locust Valley Construction, a local company. The initial houses are expected to sell for $250,000 to $350,000.
Redah Acres, a development being built by Ridgeview Homes, with prices starting around $200,000.
A 360-home community on the north side of town, likely to be developed by Tyson Properties of Monroe.
A 700-home Craft Homes USA development, also on the north side of town.
Craft Homes officials couldn't be reached for comment on their plans. Sources say the company has 200 acres under contract for the project.
Gibson, owner of Reese Gibson Land Developer and a resident of nearby Stanfield, says he selected Locust for two reasons: the reputation of its schools -- "you go where the schools are great" -- and the city's proximity to Charlotte.
Tim Fesperman, Locust city planner, believes many of the community's new residents will commute to jobs in Mecklenburg County.
Gibson's development, which is still in the preliminary stages of construction, will have three types of homes selling for $170,000 to $300,000.
Details were unavailable on the other residential developments.
Meanwhile, Locust is growing in other ways.
Stanly Regional Medical Center plans to build a $10 million medical campus there to serve the growing area of the county closest to Charlotte and the Interstate 485 interchanges east of the Queen City.
The facility will be built on 21 acres adjacent to the Crutchfield Campus of Stanly Community College. The Albemarle hospital bought the property seven years ago.
And near the main crossroads in Locust, a group of regional developers are building a New Urbanism-style city center, complete with a city government office, a library and a mix of shops and residences on 120 acres adjacent to the former downtown area.
The development, dubbed Locust Town Center, will feature 185,000 square feet of retail and office space, along with 248 homes that developers expect to be completed over the next 10 years.
One line of commercial buildings, including Locust City Hall, is complete, developed by Albemarle builder Terry Whitley and others at Main Street Properties.
While the remaining components of Locust Town Center and other projects will be built gradually, some of the city's pending development is expected to take shape quickly.
By June 30, when the city's fiscal year ends, construction will have started on as many as 400 homes, nearly double the previous year's total, Inman says.
Unlike some area communities that are trying to stem the rising tide of development, Locust leaders are welcoming it.
"We knew this day was coming with Interstate 485 coming so close," Inman says. "We have the sewer infrastructure, and we're blessed with water.
"We're not the typical municipality that thinks growth is a bad thing," he adds. "We planned for this."
Make Your Move To Stanly County For . . .
Move To Stanly County
An accessible location, a low tax rate and business friendly local government, a strong infrastructure, a rich quality of life and a high standard of living.
Stanly County is the core of the Piedmont Region of NC. Only about 3 hours from the Smokey Mountain and around 3 hours from the North and South Carolina coastline and Beaches. You will fall in LOVE with the Hospitality and the Beauty of this Great AREA.
Two Lakes Tillery and Badin, Golf courses, Morrow Mountain State Park and Uwharrie Mountain Range, Reed Gold Mind, Dennis Vineyards, Oakboro Music Hall and Big Lick Bluegrass Festival, Locust Jazz and Art Festival(coming in 2006).
Sports in our area include NASCAR and Lowes Motor Speedway, the Charlotte Panthers, the Charlotte Bobcats and The Sting, Charlotte Knights Baseball, and Concerts at the Block Buster Pavilion just to name a few and all just minutes away.
Stanly County
Stanly County was formed in 1841 from Montgomery County and is located in the center of the state. The location makes Stanly County a great place to live and visit. It's close to everything, but far enough to retain it's small town values.
Stanly County is home to Morrow Mountain State Park, part of the Uwharrie Mountain range, and two lakes, Lake Tillery and Badin Lake. Albemarle is the county seat and largest city. Albemarle is conveniently located 42 miles from the state's largest city, Charlotte.
An accessible location, a low tax rate and business friendly local government, a strong infrastructure, a rich quality of life and a high standard of living.
Stanly County is the core of the Piedmont Region of NC. Only about 3 hours from the Smokey Mountain and around 3 hours from the North and South Carolina coastline and Beaches. You will fall in LOVE with the Hospitality and the Beauty of this Great AREA.
Two Lakes Tillery and Badin, Golf courses, Morrow Mountain State Park and Uwharrie Mountain Range, Reed Gold Mind, Dennis Vineyards, Oakboro Music Hall and Big Lick Bluegrass Festival, Locust Jazz and Art Festival(coming in 2006).
Sports in our area include NASCAR and Lowes Motor Speedway, the Charlotte Panthers, the Charlotte Bobcats and The Sting, Charlotte Knights Baseball, and Concerts at the Block Buster Pavilion just to name a few and all just minutes away.
Stanly County
Stanly County was formed in 1841 from Montgomery County and is located in the center of the state. The location makes Stanly County a great place to live and visit. It's close to everything, but far enough to retain it's small town values.
Stanly County is home to Morrow Mountain State Park, part of the Uwharrie Mountain range, and two lakes, Lake Tillery and Badin Lake. Albemarle is the county seat and largest city. Albemarle is conveniently located 42 miles from the state's largest city, Charlotte.
Overwhelming Majority Agree: Real Estate Continues to Be A Great Investment
Real Estate Continues to Be A Great Investment
Despite media reports to the contrary, real estate is still considered a sound investment and affluent consumers are confident both in the current housing market and that the value of their home has remained constant, according to a consumer research study undertaken by Architectural Digest with Sotheby's International Realty Affiliates LLC.
In the newly commissioned survey, "Seeking an Extraordinary Lifestyle," 85 percent of respondents agreed with the statement, "I think real estate continues to be one of the better investments a person can make." The study further revealed:• 72 percent of respondents believe their primary home value has remained constant or increased in value over the last 12 months (46 percent remained constant; 26 percent increased). • Nearly two-thirds, or 63 percent, of respondents report that current conditions have "no effect" on their likelihood to sell their primary home.• In the next year, 55 percent of the million-dollar homeowners plan to buy, sell, build or invest in a new home.• 69% of million-dollar homeowners agree that now is a good time to add to one's real estate holdings.The respondents feel that the media plays a role in the perception of the current real estate market conditions. Fifty percent of respondents think the media exaggerates conditions to make the market seem worse than it is.
Source: REAL Trends
Despite media reports to the contrary, real estate is still considered a sound investment and affluent consumers are confident both in the current housing market and that the value of their home has remained constant, according to a consumer research study undertaken by Architectural Digest with Sotheby's International Realty Affiliates LLC.
In the newly commissioned survey, "Seeking an Extraordinary Lifestyle," 85 percent of respondents agreed with the statement, "I think real estate continues to be one of the better investments a person can make." The study further revealed:• 72 percent of respondents believe their primary home value has remained constant or increased in value over the last 12 months (46 percent remained constant; 26 percent increased). • Nearly two-thirds, or 63 percent, of respondents report that current conditions have "no effect" on their likelihood to sell their primary home.• In the next year, 55 percent of the million-dollar homeowners plan to buy, sell, build or invest in a new home.• 69% of million-dollar homeowners agree that now is a good time to add to one's real estate holdings.The respondents feel that the media plays a role in the perception of the current real estate market conditions. Fifty percent of respondents think the media exaggerates conditions to make the market seem worse than it is.
Source: REAL Trends
Locust area’s only Golf Cart planned, Upscale Cottage Community.
Charleston Place LOCUST,NC
This one of a kind community will feature convenient connectivity to the new Locust Town Centre where shops, restaurants, banks, and many other businesses can be easily accessed. Stroll along private walking trails and enjoy 4 acres of park space with covered picnic tables. Or, take advantage of the nearby Locust City Park and Jeff Shelton Memorial Park only 1 block away. If you’re feeling competitive, horseshoe pits and bocci courts are sure to offer friendly fun. A gorgeous clubhouse with fitness room and outdoor fireplace patio will serve as a gathering place for neighbors, family and friends. The Craftsman style homes in Charleston Place will include luxurious features such as granite countertops, hardwood floors, custom cabinets, whirlpool tubs, and much more. You can even park your golf cart conveniently in your included golf cart garage. Enjoy quiet country living with the conveniences of the city in a community where neighbors are truly friends. A patio Home Community with golf cart access to the new 130 acre Locust Town Centre
This one of a kind community will feature convenient connectivity to the new Locust Town Centre where shops, restaurants, banks, and many other businesses can be easily accessed. Stroll along private walking trails and enjoy 4 acres of park space with covered picnic tables. Or, take advantage of the nearby Locust City Park and Jeff Shelton Memorial Park only 1 block away. If you’re feeling competitive, horseshoe pits and bocci courts are sure to offer friendly fun. A gorgeous clubhouse with fitness room and outdoor fireplace patio will serve as a gathering place for neighbors, family and friends. The Craftsman style homes in Charleston Place will include luxurious features such as granite countertops, hardwood floors, custom cabinets, whirlpool tubs, and much more. You can even park your golf cart conveniently in your included golf cart garage. Enjoy quiet country living with the conveniences of the city in a community where neighbors are truly friends. A patio Home Community with golf cart access to the new 130 acre Locust Town Centre
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