HANCOCK COUNTY — In another sign of developer confidence in the local housing sector, a New Palestine-based company is proposing a 53-lot semi-custom home development for Sugar Creek Township.
Young Development Group, LLC will go before the Hancock County Area Plan Commission April 22 to seek approval for its Sunset View project that would be located at 1855 S. CR 700W, southeast of Cumberland.
“It signals some growth activity that we haven’t had in a while,” said land surveyor and developer representative Harold Gibson.
Young Development Group will manage the infrastructure and sell lots to Marshall Young Homes LLC, a related enterprise, which will then build most of the homes on the 38-acre family-owned tract, said Nate Young, who will manage the operations.
Young’s building and development experience include several high-end projects in Colorado near Aspen, but he said he looks forward to working in Hancock County.
“I think it will be fun doing a family project on family land here,” he said.
Pending commission approval, developers hope to break ground this summer and begin building a model home over the winter ahead of the 2015 selling season, Young said.
Gibson said the project will most likely be completed in two or three phases, with eight to 10 houses going up annually, depending on how the market continues to react going forward.
For the near term, however, Young said recent upticks in home building in the Indianapolis area bode well for continued growth in the region.
Currently, no price point has been set on the homes; however, Young said Sunset View will be similar to and mirror the amenities of the nearby Fox Cove subdivision immediately to the west off CR W 200S.
In conjunction with its approval request, the project is seeking several exceptions to the county’s residential development standards, which regulate and mandate a variety of home-building and development issues ranging from facade materials to setbacks and roof pitches.
However, Gibson said the requested exceptions should not be viewed as an attempt to cut corners for a substandard project.
“This area is zoned R 2.5, and that zoning was initiated at a time when we were seeing a lot of production home communities here,” Gibson said. “It did not take into consideration the custom home community; it just doesn’t apply to custom homes.”
Plan Commission attorney Gregg Morelock said though the plan commission can decide to allow exceptions to the standards if commissioners feel the deviations are appropriate under the circumstances, development would still have to adhere to all county technical requirements.
While emphasizing he has not formed any particular opinion about the developers’ request for exceptions from the county’s development standards, plan commission President Bill Bolander said any exceptions from current regulations need to be approached cautiously and examined carefully.
“If the houses don’t sell, and we’ve allowed deviations from the development standards, then we’re stuck with it,” Bolander said. “From what’s been presented in the public record, that would be my issue.”
The plan commission meeting begins at 6:30 p.m. in the Hancock County Commissioners Court, 111 American Legion Place in Greenfield.