One of the developers of the project outlined plans to develop an additional 63 plots of the Pecan Grove Plantation development in Hampstead and another 40 lots in the Wyndwater subdivision, all targeting higher-end custom homebuyers.
Hampstead — An additional 63 high-end homes are expected to come to the Pecan Grove Plantation in Hampstead, carrying on development of the subdivision for the first time in over a decade.
Developer Mike Pollak of Signature Companies Ltd. said he believes his partner on the project and its original developer, David Greer, developed the last phase of lots in 2006.
“David and I have developed the Wyndwater subdivision together,” Pollak said. “He has always anticipated developing these additional sections within Pecan Grove, and the opportunity arose to do it.”
Details of Pecan Grove expansion
Pender County Planning Director Kyle Breuer said the preliminary plat for what is called Pecan Grove Plantation Phase 6 includes 63 lots and, as a “by right” development — land use that is acceptable under current zoning — does not require Planning Board approval.
He said no traffic impact analysis is required because the development does not reach 1,000 trips per day or 100 morning and evening peak trips.
“Stormwater review is currently underway,” Breuer said, adding that the development must meet state permitting and county standards.
According to Pollak, stormwater designs include four infiltration ponds on the 79-acre property, a long, narrow stretch of land located just east of U.S. 17 and within the horseshoe of Sloop Point Road.
“These are some of the best soils we’ve ever had the opportunity to work with over there,” Pollak said. “Good farmland makes good development land.”
Pollak said they held a Technical Review Committee meeting on Wednesday and are now moving forward to obtain all the permits required to get the plat approval, including permits for stormwater, land disturbing, and utilities.
Area poised for upper-end growth
Pollak said the coming Hampstead Bypass has positioned the north-end of Hampstead to “grow the upper-end product, which we will also be introducing in Wyndwater.”
Although no plans have been submitted to the county, he said that an additional 40 lots in Wyndwater will be developed in coming years, targeting buyers of higher-end custom homes.
Meanwhile, plots in Pecan Grove will be developed as half-acre to 1.5-acre single-family plots, then individually sold to homeowners who can then choose a custom builder — something Pollak said is unique in the market. He estimated home values in the new development will fall within a range of a half-million to a million-plus dollars.
“What we’ve been told by the real estate community is that there is a strong demand for a larger four-bedroom home in the community,” Pollak said. “And there’s just not an inventory of that product.”
Pollak said they will likely develop the land in phases over a period of two years, with 15 to 20 lots introduced to the market in the first phase.
In March, the developers won an appeal to add two additional phases of construction to the 245-acre mixed-use Wyndwater development after residents raised concerns that additional growth could tax the development’s stormwater management structure.
Mark Darrough can be reached at Mark@Localvoicemedia.com