Town leaders unanimously agreed to a plan that will bring 115 new homes to town – much fewer than a previous plan for 900 homes that failed during the recession.
On Tuesday, the Rolesville Board of Commissioners approved a special-use permit and voted to rezone 60 acres of land off of Averette Road north of Jones Dairy Road to make way for the Perry Farms development.
The land is part of a roughly 300-acre tract that was proposed in 2007 to become Averette Farms, a sprawling development of 900 homes. Several landowners planned to sell their property between Jones Dairy Road and N.C. 98.
Rolesville leaders annexed the land into town limits, but the project stopped because of the economic downturn. Since then, the town has provided water and emergency services to the area, said Town Manager Bryan Hicks.
Perry Farms, which is being developed by Bill Clark Homes of Greenville, will feature three homes per acre.
The rezoning allows for a lower density at the site than the 2007 plan, but Planning Director Thomas Lloyd said Perry Farms will be like most of Rolesville’s other neighborhoods.
The developer wants to build homes that will sell for the mid-$300,000s. They will have a minimum of 2,500 square feet with two-car garages.
The project will also include a neighborhood pool, said Landon Weaver, development manager for Bill Clark Homes.
As part of the plan, the developer must add a left turn lane on Averette Road and make other road improvements within the neighborhood.
Bringing homes to the area will help Rolesville, Hicks said. Providing services to property that isn’t producing any revenue can be a drain on resources, he said.
Hicks said Perry Farms could also jump-start more development on the remaining 300-acre tract.
Weaver said Bill Clark Homes might consider building more houses in the area, but the company hasn’t bought more land than what it needs for Perry Farms.
The company, which has built other homes in Rolesville and developed several neighborhoods in Fuquay-Varina, wants to get started with Perry Farms as soon as possible, Weaver said. The entire project could take four to five years.
“We’re not in the land-holding business,” Weaver said. “We’re in the land development business.”
One neighbor said he was concerned about the impact new development could have on longtime residents.
George Garcia told commissioners newer homes threaten older residents who live on fixed incomes. If the new neighborhood raises property values significantly, some people might struggle to pay property taxes, he said during a public hearing Tuesday.
Wake County is in the process of revaluing properties. Since Perry Farms isn’t built out, a change in property tax bills wouldn’t occur until the next time the county revalues property, which is every eight years, Hicks said.
Rolesville, a town of about 5,000, has seen major growth and has been ranked as one of the fastest-growing towns in North Carolina.