Developer says time is right for new upscale homes in Buffalo Grove

It could be a symbol or it could be an aberration.

It will take a few more years to know for sure if the first new-home construction in Buffalo Grove since the economic collapse is the beginning of economic turnaround or just an opportunity that popped up.

National residential construction firm Pulte Homes will welcome visitors into its model home Saturday for the “grand opening” of the 38-house subdivision that is expected to grow on a portion of the former Hoffmann family farm.

The Village Board issued Pulte Buffalo Grove’s first new residential construction permit since the recession. It has issued none since.

The Easthaven development will be in the Stevenson High School district, where Assistant Superintendent for Business Mark Michelini projects flat enrollment for a few more years.

John Hudson, Pulte’s general sales manager, did not offer any predictions of a general economic turnaround, but expressed confidence the moment and location are right for a few new upscale houses.

“It’s great to be building in a time where we’re actually seeing demand,” Hudson said.

The model home is at 1992 Jordan Terrace, just south of Meridian Middle School and near the Hoffman farmhouse, which is expected to remain untouched to add a quaint air to the suburban site.

Pulte has already sold three of the units on the 20-acre development, Hudson said. Construction is expected to begin in a few weeks and finish in December or January.

The floor plans call for 3,500 to 4,000 square feet in two stories and a basement, with two- or three-car garages and prices ranging from $659,000 to $799,000, he said.

The target customers are young families who have moved up in their careers and are ready to leave their starter homes.

“We’re seeing a huge draw right now from that buyer group,” Hudson said. “It’s very difficult to sell this level of home with just blueprints. You get to about $500,000 (and) people want to see something.”

The prime selling points, he said, are simple: Aptakisic-Tripp Elementary School District 102 and Stevenson.

Buffalo Grove annexed the farm in February, and will bring its municipal water into the brick facade homes.

A stormwater detention pond is expected to catch water from the new impervious surfaces.

The farmhouse will remain occupied by Hoffmann family members, and crop and livestock farming is expected to continue on a smaller parcel.

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