New homes planned here
By Clint Confehr
Senior Staff Writer
Businessmen with Lewisburg roots want to build townhomes this summer to give residents a view of Saddlecreek Golf Club and an easy walk to a sit-down restaurant.
Kris Blalock, owner of Blalock Homes in Franklin, and Eddie Roberts, perhaps best known for his car dealership in Columbia, have pooled their resources to develop the Village at Creekside Townhomes.
Roberts sees the development as a continuation of a larger concept established in the neighborhood where he lives at Saddlecreek, he said. Roberts owns the development land and the golf course.
Residents of his planned townhomes could walk to Creekside Grill.
Asked about the nation's economy and taking steps in the real estate business, Roberts replied, "I'm not an economist, but you don't know until you try."
And, Roberts has confidence in his partner.
"He and my son-in-law, Brent McClay, built my home," Roberts said, deferring housing market questions to Blalock, a 1996 graduate of Marshall County High School who played offensive and defensive tackle for the Tigers and grappled for the MCHS wrestling team. Blalock's architectural-engineering degree is from East Tennessee State University.
Based on what he's seen in real estate development during the last eight months, Blalock said, "It's ... astonishing, and in Marshall County it is a little different, but Middle Tennessee ... has a great reputation.
"The I-65 corridor continues to expand," he continued. "In the next five to 10 years, you will see more expansion through Maury County and into Marshall County. It is not too far out.
"A lot of housing inventory is gone," Blalock said. "With the rates the way they are now, you can get into something without renting. You can own it for the same monthly cost."
Fewer homeowners owe more than the market price of their house, he said.
"Houses have gained some equity back," said Blalock, explaining that could spark interest for new home buyers, as well as industrialists who want a place to live while on business trips here.
Most Blalock Homes have been custom and high-end homes., he said. His business, based along Lewisburg Pike just south of Franklin, also builds additions.
"We built four homes in Creekside," he said. "This is the first project we've taken on.
"We want to carry that feel into the market there," Blalock said. "We built on the golf course and that's what sparked it. We felt there was a need that executives would use in Lewisburg, and those in the industrial park could use when they come in."
Blalock Homes LLC, Franklin, and RMC LLC, Lewisburg, will be developing four to seven townhomes in Phase I, and up to 32 units at completion, the businessmen said.
Lewisburg planning commissioners are to consider the plans in April.