Indian Springs subdivision off to a good start
Published 4:33 pm Wednesday, November 29, 2017
GROVES — Construction of Indian Springs gated community in Groves is off to a good start with a portion of the front entrance poured and a detention pond being dug.
“It’s going great,” Thomas Cormier of Albanese Cormier Holdings said. “We already have four or five customers selecting houses so we can start construction. Bricking will be done next week on the front entrance and the gates will be going up. We hope to get street signs in in the next 30 to 60 days and are ready to start building homes.”
The large acreage along Monroe Boulevard will hold about 150 lots. The gated community will feature a large central park area with a walking area around all of the lots and will be very similar to Nederland’s Sterling Ridge subdivision.
“But this subdivision will have an even larger central community area, about 4 ½ acres in the center. Plenty of room to throw a football, fly a kite, or whatever activity you do with family,” Cormier said.
Some of the homes will feature outdoor kitchens and some will have swimming pools.
Cormier, whose business is the home construction side, said they are going through a waiting list of homebuyers and meeting with new customers every day on the project. Interested persons can call and schedule an appointment.
“You can start construction with as little as 3 percent down and a commitment letter from a lender and we will even help you with a lender. We have several lenders we work with and can get approval the same day in some cases,” he said.
There will be a model house on site and Cormier has an interior designer to meet with prospective owners to go over every option a homeowner wants. They are doing custom homes and a few houses that people can walk through and see the quality of the project.
He hopes to have the first home up and completed in six months with the new homeowners living in the neighborhood.
Groves City Manager D. Sosa is pleased at the news of the progress on the subdivision, which was once home to a golf course.
“What this means for the city? Take this with a grain of salt. We don’t have industrial revenues and in lieu of taxes; so, in order to do what the cities of Nederland, Port Neches and Port Arthur do we have to grow and grow,” Sosa said. “We did a cursory look. All of the homes built in the last 10 years have added $40 million in our values conservatively.
The 10-year total is roughly equivalent to what Indian Springs subdivision will add in total when completed — $40 million in additional values.