New Home Building Project in Covington Back on Track
As the job market gets stronger, so does the housing market. Building supply retailers such as Home Depot and Lowe’s Home Improvement have seen a huge spike in sales in building materials and accessories this spring. According to New Orleans City Business, “Homebuilders broke ground on more houses and apartment complexes in April, a sign that they’re gearing up for more sales. The annual pace of housing starts jumped 20.2 percent from March to 1.14 million, the highest rate since November 2007, a month before the recession began. There was also a 10.1 percent increase in approved building permits, which suggests that construction levels should continue to improve.”
With an upward turn in the housing market, a new home building project which was put on hold during the market crash in 2008 is now resurfacing. The Oak Alley Meadows development in Covington, LA near the intersection of
Orchard and Dominic Drives went before the Covington Zoning Commission May 18, 2015 and was approved.
Lonesome Development is the developer which is interested in annexing the land in North Covington for the neighborhood development project. The 87-acre tract of land under discussion will include both residential and commercial new construction. Plans for this new subdivision in St. Tammany Parish include 205 single-family lots and two commercial sites. The developer will use 80.4 acres of the land for homesites to build new homes and 6.7 acres of the land for the commercial development. The plan is to build the development in four phases.
Even though it is adjacent to the land that is currently in the final phases of lot development at Oak Alley Subdivision, the new Oak Alley Meadows development is a separate community from the current Oak Alley. DSLD Homes is building the final new homes for sale in this community and once it is completed, there will be a total of 300 newly built homes.
