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Message
Land purchased in Zachary for a new community with 600+ houses
Posted on 4/15/19 at 11:07 am
Posted on 4/15/19 at 11:07 am
quote:
LINK
An Alabama developer has completed the purchase of a 304-acre site near Old Scenic Highway and Flanacher Road for Zachary Trails, a 621-lot neighborhood.
Zachary Trails Land Co., headed by Marion Uter of Daphne, Alabama, bought the site with the help of an $18.75 million loan from Trez Forman Capital. Zachary Trails bought the property in early March for nearly $6.7 million, the remainder of the loan will cover development costs.
This will be adjacent to the new Meadow View community that's under construction.
Note: The plot in question did not flood in 2016.
This post was edited on 4/15/19 at 11:10 am
16
Posted on 4/15/19 at 11:08 am to member12
Uh seems like a bad investment
Posted on 4/15/19 at 11:10 am to Cosmo
quote:
Uh seems like a bad investment
With a bunch of businesses closing or shutting down now's a perfect time to build a shite load of houses.
Posted on 4/15/19 at 11:11 am to Cosmo
quote:
Uh seems like a bad investment
Zachary is booming bruh
Posted on 4/15/19 at 11:11 am to junkfunky
quote:
With a bunch of businesses closing or shutting down now's a perfect time to build a shite load of houses.
Isn't Exxon spending about $500 million to expand in that area?
Posted on 4/15/19 at 11:12 am to Cosmo
quote:
Uh seems like a bad investment
RE is slowing down nationwide (with a few exceptions) and will continue to do so IMO
Posted on 4/15/19 at 11:13 am to member12
quote:
Isn't Exxon spending about $500 million to expand in that area?
A $500 million expansion isn't a lot by today's standards. Surely not 600 new houses worthy.
Posted on 4/15/19 at 11:16 am to member12
surely it won't all be developed at once.
Posted on 4/15/19 at 11:17 am to member12
Dr Horton. Won't be a 90 degree angle in 75% of those houses
Posted on 4/15/19 at 11:18 am to member12
quote:
Isn't Exxon spending about $500 million to expand in that area?
It's a plant expansion that will create around 40 permanent jobs. Nothing that would support an entire neighborhood
Posted on 4/15/19 at 11:19 am to member12
quote:
Isn't Exxon spending about $500 million to expand in that area?
Yes. 450,000 ton production expansion
Only 65 direct jobs though. There's definitely a multiplier with industrial expansions like that, but I'm not sure what it is exactly.
This post was edited on 4/15/19 at 11:20 am
Posted on 4/15/19 at 11:20 am to member12
Good for business $$$
Posted on 4/15/19 at 11:21 am to Chad504boy
quote:
surely it won't all be developed at once.
So you're saying they wont be building 600+ houses at the same time?
Posted on 4/15/19 at 11:21 am to fallguy_1978
quote:
Dr Horton. Won't be a 90 degree angle in 75% of those houses
Glued in baseboards and doors that arent plumbed. My Dad got schemed into buying a new DR Horton and lost his arse fixing the place just to be sellable again
Posted on 4/15/19 at 11:22 am to fallguy_1978
quote:
Dr Horton. Won't be a 90 degree angle in 75% of those houses
likely will be many of same crews that build DSLD homes.
Posted on 4/15/19 at 11:22 am to stout
quote:
A $500 million expansion isn't a lot by today's standards. Surely not 600 new houses worthy.
Like most of Zachary, much of the growth will be due to state jobs, Exxon relocations/transfers, and people moving out of Baton Rouge to access a good school district.
Posted on 4/15/19 at 11:24 am to PipelineBaw
quote:
Glued in baseboards and doors that arent plumbed. My Dad got schemed into buying a new DR Horton and lost his arse fixing the place just to be sellable again
Our first home was built by them. It was a piece of shite
Posted on 4/15/19 at 11:24 am to member12
I read in the BR Biz Report that DSLD was their #1 Company for 2018. It is a sad state when track home builders are the best businesses and leading your economy into the future.
Posted on 4/15/19 at 11:25 am to tgrbaitn08
quote:
So you're saying they wont be building 600+ houses at the same time?
correct. that would be silly.
Posted on 4/15/19 at 11:26 am to member12
Out: threads about I-10 traffic.
In: threads about I-110 traffic.
In: threads about I-110 traffic.
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