Driving around Northwest Plymouth, it seems there is no recession in sight when in comes to new construction single family homes. Lennar continues to push around a lot of dirt actually in Maple Grove (corner of County Roads 101 and 47 – Hackamore) as well as their unabated expansion of Bonaire in Maple Grove as it pushes towards Lawndale.
Pulte has begun a project across from Wayzata High School and they have announced a new project in Plymouth west of Vicksburg and south of County Road 47. When I get the details of that project, I will post them. In addition, lots of earth is being moved around on the west side of Vicksburg about a 1/2 mile south of County Road 47.
I’ve also heard Lennar is planning on developing a parcel in Medina now where they will put in approximately 150 homes. It almost sounds like the good ole days are back! They aren’t really because if this were 2005-2007, the only homes going up would be priced between $750-$900k. Now they are building most of these homes between $400-$600k. Granted, the homes aren’t as nice, but they have figured out what the buying public is willing to purchase in the new environment.