Work is underway on a subdivision that could contain as many as 67 houses on the west side of town.
Developer Deorald Finney is constructing the Stone Valley subdivision on 22.69 acres east of Willis Street, north of Avenue C and south-southeast of storage units off Nix Road.
Crews are cutting roads and starting house pads. Work on water, sewer and electrical infrastructure also is scheduled to prepare the property for construction.
The infrastructure work is expected to take about six months, Finney said.
"We've got about 94,000 yards of dirt to move," he said.
Once house construction begins, Finney said he plans to build 10 houses initially and then see how the market looks. Finney said he hopes eventually to build 67 houses in the subdivision – the same goal he announced in late February, when he met with the Lampasas City Council about his plans for Stone Valley.
“I'd like to have 10 spec houses on the ground at any given time,” Finney said.
In general, the lots will be about a quarter-acre apiece, and the houses will be 1,350-1,650 square feet, Finney said. He estimated the house prices will be from the $150,000s to the $180,000s.
Finney said the residences in Stone Valley will follow the same basic plans, but he will offer enough options that each house will have its own unique character.
“It's not going to be a cookie cutter,” the developer said. “There will be many variables.”
That is what he did, he said, with the Westridge neighborhood he developed off Nix Road. Finney also constructed houses on Samac Lane south of First Street.
The plat for Stone Valley shows four new roads for the subdivision.
Stone Valley Drive will provide access off Nix Road, and Limestone Drive will run east off Willis Street. Fieldstone Drive will extend off Rice Street, and Sandstone Cove will provide access to lots in the center of the subdivision.
The subdivision will contain about a four-acre grassy area with two detention ponds to catch and then slowly release stormwater. The ponds – which will not retain water for the long term the way stock tanks would – are designed to prevent any increase in the rate of flow of stormwater into downstream areas.
Finney proposed the subdivision more than 10 years ago, but because of the recession and housing market collapse in 2008, he did not file a final plat at that time.
A decade later, the developer believes now is the time to build the new subdivision. Finney has said the market is favorable, and Lampasas needs additional housing to meet the demand.