Newest Info on Parkview Manor (where Kilowatt Klub used to be): New subdivision off Stumberg planned A new 44-lot subdivision is set to be developed on a 10-acre site on Stumberg Lane, north of Coursey Boulevard, following last weeks purchase of the land by DAGR LLC for $625,000, or about $1.35 per square foot. Prior to the closing, the buyer was able to get the subdivision plan approved, with typical lots measuring 50 feet by 120 feet. Everyone seems to be scrambling around trying to find land to develop because of the increasing demand, says Doug Ferris at RE/MAX First Commercial Properties, who represented the seller, Kilowatt Klub. The purchasers will most likely sell the lots in bulk to a volume home builder such as DSLD Homes or D.R. Horton, but they would not reveal their immediate plans for the property. DAGR LLC was represented in the deal by Jonathan Starns of Donnie Jarreau Real Estate, who is also a registered officer for the purchasing LLC and previously developed Hidden Grove off Coursey, which featured similarly sized lots that were sold in bulk to DSLD.
Posted on: Wed, 09 Apr 2014 14:33:02 +0000