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VOL. 109 | NO. 26 | Tuesday, November 7, 1995

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By LAURIE JOHNSON By LAURIE JOHNSON The Daily News Although there is no shortage of available undeveloped land in Bartlett, the equilibrium between land and developed subdivision lots has tipped out of balance. "Right now, there is a greater demand for homes in Bartlett than there are lots available," said Charlie Goforth, Bartlett city planner. "Although a lot of property is under development to the north, in Bartlett itself we seem to have a bit of a shortage in developed residential lots." Goforth said the reason for the lot shortage in Bartlett is the sporadic nature of lot development compared to home construction in the area. "Over the last three years, we have been processing an average of about 600 residential building permits a year. "In lot development, however, we may process about 1,200 one year, none the next year, and then when they find their inventory dwindling, we'll see the paperwork for 1,200 more lots coming through," he said. This shortage should be easing soon because there are quite a few plans underway to put more lots on the market, Goforth said. There are currently about 17 subdivisions under active stages of planning and development in Bartlett, he said. Plans for two of these subdivisions, Rivercrest Planned Development and the last section of Daybreak Subdivision, were recommended for approval Monday at the Bartlett Municipal Planning Commission meeting. Rivercrest, being developed by Terry Edwards, will be located north of Old Brownsville Road and will consist of 468 residential lots on 296 acres. The subdivision will be developed in seven phases. The development will have 80 lots available that will contain 14,000 square feet with at least 100 feet of frontage space, said Richard Stieg, assistant city planner. The rest will have a minimum of 90 feet of frontage space and contain 12,000 square feet. Normally, these size lots in the area sell for $25,000 to $30,000 each, Stieg said. The price of homes built in this development should start at about $120,000. "In these neighborhoods, the lot price is typically 25 percent of the house price," he said. "They will typically be two-story and all-brick the standard Bartlett-style subdivision." Stieg said some revamping of the Rivercrest plans was necessary after it was discovered that the site contained property that the city needed for a lagoon. The plans had to ensure that no state or local rules were violated regarding the proximity of the homes to the lagoon. The last section of Daybreak Subdivision, being developed by Vernon Hobbs of Hobbs & Hobbs Construction, will consist of 17 lots on seven acres, Stieg said. The minimum size of the lots is 11,700 square feet. The homes will have a minimum square footage of 1,800 square feet and will feature all-brick exteriors, said Stieg. The lots will be available to builders by spring 1996.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 77 11,602
MORTGAGES 0 79 13,506
FORECLOSURE NOTICES 0 0 1,858
BUILDING PERMITS 0 96 24,260
BANKRUPTCIES 0 53 7,526
BUSINESS LICENSES 0 31 3,943
UTILITY CONNECTIONS 0 49 4,730
MARRIAGE LICENSES 0 20 2,564

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