Building under way on new subdivisions

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If a city's prosperity can be judged by the economics of home building, Craig is poised for a summer boom.

New subdivisions are in various stages of approval, and construction on some of those developments already has begun.

Overlook Park subdivision, east of Ridgeview subdivision on the west side of Craig, has one house under construction and others in the planning stages.

The project, created by Northwest Development Group, will include 20 lots, priced from $35,000 to nearly $50,000. Prime lots, which are more expensive, include panoramic views of the Yampa Valley.

"I'm optimistic," said subdivision co-owner Jay Oxley, "that these lots might sell one here, and one there, then a whole bunch go at once."

Overlook Park features bicycle paths and rules covering a variety of things from construction specs to lawn maintenance. The subdivision is also close to municipal infrastructure so homes have access to city water and sewer facilities.

The home under construction will be completed this month, Oxley said. The development co-owner also said he has sold two other lots.

Although the home currently being built is owned by a Craig resident, interest in the subdivision also has come from out-of-town buyers, who are looking for options after having little success in the Grand Junction and Fort Collins markets.

"We have people interested that are coming from Steamboat and Hayden," Oxley said. "We definitely have plans to continue to develop land after this project."

One of those areas of land might be near the proposed new The Memorial Hospital site, which is on Moffat County Road 7.

Another subdivision is being developed less than a mile west of Overlook Park.

The Sunny Slope subdivision proposed by Craig and Tammy Hagar is in the planning stages with the city. City officials approved the preliminary plat in July. After plans are finalized, the subdivision's first phase will begin.

The development will feature 18 lots between Exmoor Road and Wickes Avenue.

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