Housing News at a Glance

Development News Across the State

More High Ends Homes for the East Metro

The east metro is looking to grab a bigger share of the luxury home market. Until now a majority of the multimillion-dollar homes sales were found in the west metro. That could soon change.

With the opening of the Royal Golf Club in the redeveloped version of the former Tartan Park, the construction of dozens of multimillion dollar homes along the fairway has begun. With that comes a 292- lot companion development where homes start at about $700,000. Six custom builders began taking reservations from clients in 2017 and have sold about 80 percent of the first 73 lots available for fullsize single-family homes and villas, the latter smaller homes designed for empty nesters. Builders held a launch party for phase two earlier this month.

Hanover Ready to Grow

Hanover is poised for its fi rst major residential development in years. Champlin-based Backes Development LLC is looking for final approval in June for a development that would bring 159 new single-family homes to a 72-acre site in the city of about 3,300 residents. Known as Crow River Heights, the development located at 9991 Beebe Lake Road NE, is expected to proceed in phases over the next five to six years with about 30 lots per year. Hanover City Planner Cindy Nash told Finance and Commerce the plans are tentatively scheduled to go before the City Council on June 5.

New Lots For Prior Lake

A new development approved by the Prior Lake City Council will bring 55 additional single-family
homes to Prior Lake. The development, called Parkhaven at Pike Lake, will be built on 44.6 acres north of County Highway 42, east of County Highway 21 and west of Pike Lake in Prior Lake, according to city documents. Lot sizes will range from 8,400 square feet to more than 14,000
square feet, according to city documents. A homebuilder has not yet been chosen by the developer.

New Single-Family Homes Planned in Baytown Township

A 223-acre farm site could soon be 115 new single-family homes in Baytown Township. The land is in the northwest corner of Osgood Avenue and 47th Street just south of Oak Park Heights and west of Bayport.

The project is undergoing environmental review and is expected to be up for preliminary plat approval early this summer. Construction would play out in phases through 2022. The development would be the biggest in the township since 2007.