Main Street Homes President Vernon McLure. Images courtesy of Main Street Homes.
A Midlothian homebuilder is putting the finishing touches on construction in a Chesterfield neighborhood and has a new section slated to begin in a huge subdivision just up the road.
Main Street Homes will be building its last few houses in Brookcreek Crossing, a nearly 50-lot neighborhood off North Otterdale Road, this spring.
President Vernon McClure said the neighborhood’s home construction got started two years ago, after Main Street finished developing the lots. The company served as builder-developer on the Brookcreek Crossing section; other parts of the overall Brookcreek community were previously developed and bought by Main Street Homes and by East West Communities, McClure said.
Homes in Brookcreek, which has three sections total, range from the low $300,000s to the $500,000s.
And in Westerleigh, a 500-lot community that Main Street Homes is developing off Otterdale Road, the company will begin a new section of houses in the next month or so, McClure said.
That section, to consist of about 36 lots, will see homes ranging in price from $350,000 to $450,000 and in size from 2,800 to 3,500 square feet, McClure said. Some homes will have basements, which would add to those square footage amounts.
Main Street homes has a $2 million pool in the works at Westerleigh.
Comprising about 200 acres, Westerleigh has been in the works since 2006. Main Street has served as developer on the project, and McClure said it will represent a $35 million investment, financed in sections through First Capital Bank and Union Bank.
The builder also just started on a $2 million swimming pool for Westerleigh that McClure said is slated to open by April.
The zero-entry pool, meaning one with a beach-like access, will also have a waterslide that McClure said is valued at $80,000. The amenity will mark a progress point for Westerleigh, which is about a quarter of the way to completion, with 130 of about 500 lots filled.
Main Street Homes is currently working on 395 residential lots, with 345 more expected this year in seven of its communities, the company said. It’s currently in 24 neighborhoods in Chesterfield, three in Powhatan, two each in Henrico and New Kent, and one each in Dinwiddie and Hanover counties, according to its website.
The company said its home sales in January were up 27 percent over the same month last year.
“We’re looking at going over 200 homes (sold) again, which is $80 million (in revenue) for us,” McClure said. “But I think, (with) the market overall, what we’re looking at is maybe up 15 percent.”
Main Street sold 189 homes in 2013, according to a list compiled last year by Richmond BizSense. That made it the region’s third-largest homebuilder for that year. McClure said Main Street closed on 182 homes in 2014.
McClure said he was not surprised by the surge in sales this January, which he said is a traditionally strong sales month – the start of a peak season that he said lasts through April.
“It’s kind of like our Christmas season, if you think of retail,” he said.
Main Street Homes President Vernon McLure. Images courtesy of Main Street Homes.
A Midlothian homebuilder is putting the finishing touches on construction in a Chesterfield neighborhood and has a new section slated to begin in a huge subdivision just up the road.
Main Street Homes will be building its last few houses in Brookcreek Crossing, a nearly 50-lot neighborhood off North Otterdale Road, this spring.
President Vernon McClure said the neighborhood’s home construction got started two years ago, after Main Street finished developing the lots. The company served as builder-developer on the Brookcreek Crossing section; other parts of the overall Brookcreek community were previously developed and bought by Main Street Homes and by East West Communities, McClure said.
Homes in Brookcreek, which has three sections total, range from the low $300,000s to the $500,000s.
And in Westerleigh, a 500-lot community that Main Street Homes is developing off Otterdale Road, the company will begin a new section of houses in the next month or so, McClure said.
That section, to consist of about 36 lots, will see homes ranging in price from $350,000 to $450,000 and in size from 2,800 to 3,500 square feet, McClure said. Some homes will have basements, which would add to those square footage amounts.
Main Street homes has a $2 million pool in the works at Westerleigh.
Comprising about 200 acres, Westerleigh has been in the works since 2006. Main Street has served as developer on the project, and McClure said it will represent a $35 million investment, financed in sections through First Capital Bank and Union Bank.
The builder also just started on a $2 million swimming pool for Westerleigh that McClure said is slated to open by April.
The zero-entry pool, meaning one with a beach-like access, will also have a waterslide that McClure said is valued at $80,000. The amenity will mark a progress point for Westerleigh, which is about a quarter of the way to completion, with 130 of about 500 lots filled.
Main Street Homes is currently working on 395 residential lots, with 345 more expected this year in seven of its communities, the company said. It’s currently in 24 neighborhoods in Chesterfield, three in Powhatan, two each in Henrico and New Kent, and one each in Dinwiddie and Hanover counties, according to its website.
The company said its home sales in January were up 27 percent over the same month last year.
“We’re looking at going over 200 homes (sold) again, which is $80 million (in revenue) for us,” McClure said. “But I think, (with) the market overall, what we’re looking at is maybe up 15 percent.”
Main Street sold 189 homes in 2013, according to a list compiled last year by Richmond BizSense. That made it the region’s third-largest homebuilder for that year. McClure said Main Street closed on 182 homes in 2014.
McClure said he was not surprised by the surge in sales this January, which he said is a traditionally strong sales month – the start of a peak season that he said lasts through April.
“It’s kind of like our Christmas season, if you think of retail,” he said.
So did Vernon pay 2 Million for the pool? Or will this debt be passed on to the homeowners?
The developer is investing $2,000,000 in the Westerleigh Owners Club. The amenities that include the pool and clubhouse will be transferred to the Home Owners Association (HOA) in the future. The HOA will not be assuming any debt.