A 72-unit residential development in Dublin is expected to open next month, according to Matt Callahan, vice president of land acquisition with Pulte Homes.
The Autumn Rose Woods development is on the east side of Hyland-Croy Road approximately 1,200 feet south of the intersection with Tullymore Drive. The pace of build out will be subject to demand, Callahan said.
"Initial expectations were for the community to build out over a period of three to four years, but given market conditions and interest from prospective buyers, we're expecting buildout to occur over a period (of) less than three years," he said.
Prices for residences start in the mid-$400,000 range, Callahan said. Pulte has a total expected investment of $36 million in the project.
The location was ideal, Callahan said, because the development will have access to key transportation corridors, shopping and other local conveniences, as well as recreational opportunities. The development is near Glacier Ridge Metro Park and accessible to Dublin's extensive network of recreational trails.
Pulte also is responsible for certain transportation improvements as a result of the development.
A northbound right turn lane and southbound left turn lane will be constructed on Hyland-Croy Road at the development's entrance, as required by an infrastructure agreement among Pulte, Dublin and Union County, Callahan said. Pulte plans to construct the improvements as part of the first phase of development and will do so once plans have been approved by Dublin and Union County.
Pulte also is responsible for contributing toward certain regional transportation improvements planned by Dublin and Union County, Callahan said, including a roundabout at Hyland-Croy and Brand roads and future improvements at Hyland-Croy and Post Road and at Hyland-Croy and Park Mill.
The monetary contributions will be based on the project's proportionate share of those improvements, as determined through a traffic impact study commissioned by Pulte as part of the rezoning process.
When the area is built out, Dublin City Schools officials said they anticipate receiving an additional 50 students from this area, said Tracey Miller, deputy superintendent.