The Cincinnati Enquirer reports that the Fischer Group plans to build 105 homes in a small town about 10 miles northwest of Lawrenceburg.
The project, Harvest Ridge, will be built by Maplestreet Homes at a location just off Dog Ridge Road in St. Leon in Dearborn County. It will be the first single-family development in Indiana for Crestview Hills-based Fischer.
The subdivision is expected to be the first of several new housing developments for the Fischer in Southeast Indiana during the next three to five years, said Kevin Wilzbach, the company's marketing manager.
Though it would be Fischer's first single-family development in Indiana, it's the second residential project Fischer has announced since spring. In March, the homebuilder said it would build 269 condos along U.S. 50 and Indiana 48 in Lawrenceburg - its first condo development in the city.
"We're looking at new development in Southeastern Indiana because of the growing population associated with the exploding gaming and entertainment industry in that area," Wilzbach said.
He said homes at Harvest Ridge would be geared toward younger couples that visit or work at gaming and entertainment complexes, and young families in Southwest Ohio who want to live in a more secluded development with close proximity to Greater Cincinnati.
The homes will run from about $140,000 to $180,000 and range from 1,200 to 2,500 square feet. They will also be marketed to first-time buyers and homeowners looking to buy their first newly built home. Wilzbach said the development would include sidewalks and a playground for children.
The Dearborn County Plan Commission has approved preliminary plans for the development, and final approval for the project is expected to come by early next year.
Maplestreet Homes hopes to begin construction at Harvest Ridge in March and complete the project by 2010.
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