Amarillo Housing Developments in Swing

I like to see the way west Texas bucks the National trends.  I keep hearing from our neighboring cities that things aren't as bad as they are being made out to be.

Erik

Developments move forward in Amarillo
(Housing : Amarillo) 9/15/2009

Developers have broken ground on two separate proposed subdivisions in Amarillo.

Westlake
A to Y Management has begun work on the planned $100 million Westlake senior community at Coulter Street and Southwest Ninth Avenue. The 59-acre neighborhood will contain 165 cottage homes, an independent-living apartment complex, a senior wellness and fitness center, a nine-hole golf course, and assisted-living and skilled nursing facilities.

Construction to extend Coulter northward is also currently underway. A to Y will pay $444,514 of the extension cost, with the city picking up the remaining $206,093, according to a pact approved by the Amarillo City Commission in April 2009.

Announced in August 2007, Westlake missed its early timeline predictions because of the economic slide, said Jeff Yates, A to Y president.

RedStone
Progress toward development of the RedStone neighborhood, a 1,500-home neighborhood in southwest Amarillo at South Coulter Street and Loop 335/Hollywood Road, also has been affected by the economy. Panhandle Land Investments is now in the process of moving trees from an unassociated construction site for future use at RedStone.

Panhandle Land Investments and the City of Amarillo are near completion of a contract for installation of almost $1.2 million in sewer infrastructure necessary for RedStone. The city's portion would be a percentage of the cost, capped at $616,000, with Panhandle Land Investments picking up the remainder.