Phil Castle, The Business Times
Construction is underway on a new subdivision in the Redlands area of Grand Junction that ultimately will bring 104 home lots to a Mesa County market in which demand exceeds supply.
“I’m absolutely tickled,” said Dave Bagg, who’s developing Granite Falls and also will sell and build homes in the subdivision.
Located off South Camp Road, the 52-acre parcel will include a total of 104 lots in what’s expected will be four filings.
For the first filing, 29 of 31 lots are reserved. Lot prices range from $118,000 to $123,900. A second filing of 29 lots is planned for the fall, Bagg said.
Bagg, who also was involved in developing neighboring subdivisions, said he’s wanted to build on the property on which Granite Falls is located for 14 years. Economic and market conditions have finally improved to the point he can proceed, he says.
A number of local builders plan to construct homes in Granite Falls, among them B&B Custom Homes, Bennett Construction, Bishop Construction, Canyon Creek Builders, Canyon Vista Custom Homes, J. Howell Builders, Josh Francis, Kerstetter Homes, Lopez Construction & Design and Rund Construction.
Homes will offer a choice of styles, Bagg said, including the high desert ranch and prairie modern styles with stone and stucco exteriors.
“We plan to build 2,400-square-foot homes with large garages that will appeal to the boomers,” said Justin Howell with J. Howell Builders.
Bagg said demand for housing in the Grand Valley has become particularly strong among members of the baby boom generation who are retiring, selling their homes and relocating from the Front Range of Colorado.
Because of the high price of housing along the Front Range, retirees can sell their homes there and buy new homes in the Grand Valley for less, he said.
The surrounding neighborhood, views and soil conditions found in Granite Falls make it even less risky for builders to construct new homes before they’re sold, Bagg said.