No one from the community spoke out during the public hearing held Friday at the Logansport Architectural Review Committee meeting.
That means that committee approved – and the city will begin – dividing up the property off High Street and Yorktown Road into 52 separate plots that will feature single-family homes in a planned subdivision called Lexington Village.
The residences will range in size from 900 to 3,000 square feet. Expected costs for homes bordered to the east by Yorktown Road will be between $165,000 and $200,000. Residences in the neighborhood to the north by High Street will have a price tag from the mid to high $200,000s.
Arin Shaver, executive director of the Planning Department, said the city will retain ownership of the property until agreements are finalized with the developer, Joseph DiCosola’s Chicago-based Park Development, LLC.
By mid- to late-March, Shaver will sign-off on the secondary consent that would encompass Logansport Municipal Utilities’ approval for site work. This second phase will focus on construction drawings for roadways, sidewalks, and utilities.
Shaver and Mayor Chris Martin said in a previous statement that they hope to break ground in spring.
Providing additional housing has been a key concept for the city dating back to Mayor Ted Franklin’s administration when the land at High and Yorktown was purchased. Shaver has had her sights on the project since 2014, eventually bringing CrossRoad Engineers on board to complete a topographical survey, a schematic design, and platting.
“We have studies to back up the need for housing in our community, and we need more than just apartment living,” said Martin. “Housing is a priority.”
Once crews break ground and begin building, Martin said the first home could be move-in ready within five to six months.
For more information about Lexington Village floorplans, pricing, and home sites, visit www.lexingtonvillage logansport.com.