When Glen Creek – the proposed 90-lot subdivison across the street from South Garner High School – breaks ground later this month, it will be a Wake County subdivision.
It was an area the town designated as part of its future growth area.
Richard Stockett of Stockett Homes said the four developers of the proposed subdivision and the town could not work out a deal that suited both parties to bring the property into the town limits.
The developers of the subdivision near South Garner High School, Richard Stockett of Stockett Homes, Robert Abee of Oxford Investment Group, Ward Russell of Legacy Homes and Jim Thompson of Future Homes made a proposal to the county for the subdivsion in December.
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It was not required for them to notify the town because it was outside the town’s extraterritorial jurisdiction.
By the time the town found out about the subdivsion, the developers were two months out from being ready to break ground.
The proposed 90-lot subdivision, which will be built south of New Bethel Church, is expected to have higher-end homes.
“It proved one thing. That it is incumbent upon the town to work with the county to get the conversation going about extending the ETJ,” council member Buck Kennedy said. “Or if that is not done formally, then to have a better working relationship that would get the county to encourage them to talk to us up front, so they can get involved in town planning in their equation early in the game rather than late in the game.”
The homes are expected to sell for as much as $340,000, which would have been good for the tax base of the town. It is also right across the street from the South Garner High School site.
“We’ll look more at a medium- and long-term strategy on how to put some things in place to capture that area,” Town Manager Hardin Watkins said.
The town wanted to offer the developers water and fire protection to accommodate its schedule.
Stockett said the cost of the project for the improvements the town would have required was too high.
Watkins said some of the fees the town requires include sidewalks and fire hydrants.
The county does not require that. Building sidewalks would have cost the developers $137,000.
“We obviously think there is value in the fees,” Watkins said. “He has the right to do (build in the county) and we wish him the best of luck.”
“We think there is value in some of the things we require. Street lights, sidewalks, water infrastructure make for a better community. But I’m sure it will be a great project.”
The town also offered the option of extending water and sewer service.
“If we went water and sewer, to make it work we would need to put 300 lots in there,” Stockett said. “To sell at a fast enough pace to get out of there in three or four years, most banks don’t like having projects last that long.”
“We’d have to be selling 60 or 70 houses a month.”
Stockett said the preference for the developers would be to keep the number of homes at 90 lots.
“What we’re doing out there with 3/4 acre lots, there’s just not a lot out there right now,” he said.
The subdivision will have 3/4 acre lots. Stockett said bigger lots is something that is becoming increasingly popular among home buyers.
“I commend them they made us feel welcome, but it just didn’t work out for everybody. Garner has been great to work with throughout this process,” Stockett said. “They tried to be accommodating as they could.”
The town and the developers plan on working out a deal for another subdivision across the street, which will be in the town limits and will have water and sewer but will include smaller lots.
A date has not been determined for when they will break ground for that project.