howeenterprise.com
Monday, January 4, 2016
Page #11
Ninth home underway in Summit Hill
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Only a few cars drive into the development known as Summit Hill mainly because there ae only eight homes in the subdivision. Back in May of 2007, plans were drawn for the subdivision and construction began on curbs and gutters due to city code. However, with the housing crisis, most of the development ended up in bankruptcy court and finally landed to an ownership group in California. Rex Real Estate is currently marketing the development to home builders which includes 114 lots. Not a part of the 114 lots were a small sampling of singular lots purchased years ago and before the development went into bankruptcy. Those are now being sold to local home builders who are constructing a few new homes in the development. Among those is
the ninth home that is just about to have the foundation poured. Seven permits were filed at City Hall to build new homes in Howe in 2015. Two of them came in December and the two homes to be built in Summit Hill are already sold. The remaining empty lots on Summit Hill will not be built upon until an agreement has been made by the current owners of the remaining 114 lots of the subdivision and a home builder or home builders willing to buy the entire 114 lots remaining in phase one. With the housing market window wide open now, one might expect that 2016 could be the year that an announcement be made and homes could be built in massive droves in that development. The 114 is phase one of five scheduled phases.
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