One of Franklin’s largest neighborhoods is envisioned as growing more.
Arbor Homes is continuing
the vision that C.P. Morgan
had when the Heritage subdivision off Hurricane Road was built in 2004. When C.P. Morgan went
out of business in 2009, the company left one-third of the subdivision undeveloped.
Now, Arbor Homes plans
to complete the initial blueprint and to expand on the north end of the subdivision, building 30 homes at a time.
More than 340 homes were built by C.P. Morgan in the five years before the company closed. When the neighborhood was proposed more than 10 years ago, the plan was to build more than 700 homes.
Since Arbor Homes took over development in Heritage, the group has built about 80 homes in the subdivision. Another 30 others are planned, primarily on Cedar Mill Street, said Matthew Kraiger, community sales manager for Arbor Homes.
Fewer than 10 homes have
been sold, and no home is constructed until a buyer is in place, Kraiger said.
He expects that 20 of the 30 homes will be sold by next summer and will take three months to build before buyers can move in.
After most of the 30 homes are sold, another 30 lots will be developed for construction on the north end of the subdivision, Kraiger said.
Over the next four years, more homes are planned for that end of the subdivision, he said.
Homes typically range from about $103,000 to $150,000, Kraiger said. Some homes can cost close to $200,000, he said.
Most of the residents are first-time homeowners, Kraiger said, and while they typically choose to live in Franklin, they work in Columbus, Greenwood