Boyle Sells Ten Lots to New Builder Group and Construction to Commence at the Village at Spring Creek Ranch in the Collierville Reserve

Boyle Investment Company (Boyle) has sold ten lots at Spring Creek Ranch to a newly formed builder group and construction soon will commence on the next phase of development at The Village at Spring Creek Ranch.  Boyle anticipates five to six starts in March 2013, and the homes should be ready for occupancy by mid-summer.  The lots are located within the reserve area of Collierville on the 168 acres purchased by Boyle in November 2012 from the Meyer family, which owns Spring Creek Ranch Golf Course.  The new homes will be priced from $385,000 to $

425,000 and the builders are pre-selling now, with two homes already sold.

The new builder group for the Village at Spring Creek Ranch includes the following: Marty Smith, Artisan Custom Homes; Mark McGuire and John Worley, Celtic Manor Homes; Chris Dickens, Dickens & Associates; Ryan Anderson, RKA Investments; and Ron Sklar and Scott Klazmer, Klazmer/Sklar Homes.

“We are excited about this new builder group, which will offer homebuyers a variety of home plans and price points,” said Gary Thompson, Vice President of Boyle.  “These ten lots in The Village at Spring Creek Ranch represent the first group of new lots to come online in quite some time.  This is the first of what we hope will be multiple phases of construction as we develop a total of 340 lots in phases over the next decade.   Homes are selling quickly in The Village from the high $300,000s to $430,000 and in The Manor from the mid-$400,000s to $550,000.   We anticipate delivering new home sites in the Manor area in late summer or early fall.  As the market improves, we hope to continue with the implementation of the overall master plan for Spring Creek Ranch, which has been in place for a number of years.”

In addition, Boyle has ten lots in the private and gated Grand Manor, which provides residents with estate-sized lots with prime views of the golf course and scenic Chinquapin Lake.  These lots are available to individuals wishing to build custom homes.  Home prices in The Grand Manor range from the high $600,000s to $1,000,000 plus.

Spring Creek Ranch is the upscale, master-planned community off Raleigh-LaGrange Road in the Collierville rural preserve area adjacent to the Jack Nicklaus Signature Golf Course of the same name.  Offering stunning vistas and unique home sites, the Spring Creek Ranch residential community reflects the excellence of the course.

Boyle was selected by the Meyer family in 2006 to develop the residential community surrounding the golf course, and Spring Creek Ranch was the site of the 2007 Vesta Home Show held by the Memphis Area Home Builder Association (MAHBA).  MAHBA achieved a record never before achieved in Vesta Home Show history, selling all seven homes prior to the opening of the show in April 2007.

“We always have thought that the area just inside the future perimeter beltway (Hwy 385 and future I-269) is the high-growth area for Shelby County,” says Gary Thompson, Vice President of Boyle.  “It is our intention to carry on the development of Spring Creek Ranch using the same master plan, as well as the high-quality, that were both established early on at this upscale community.  With the beltway nearing completion, Spring Creek Ranch is ideally located inside the loop and close to Collierville public schools, including Collierville Middle School, Houston High School, and Tara Oaks Elementary, as well as the campuses of Briarcrest High School and St. George’s.”

Boyle began development of Spring Creek Ranch in 2007 with three different areas, including The Grand Manor, The Manor, and The Village, each offering low county-only taxes in the Collierville reserve area. The Village at Spring Creek Ranch offers low-maintenance ease in close proximity to the development’s swim club and tennis complex. The Manor offers slightly larger lots with captivating views and rolling terrain and stately mature trees. The private and gated Grand Manor provides residents with estate-sized lots with prime views of the golf course and scenic Chinquapin Lake. When completed, the conservation community will be linked with miles of natural trails and walking paths in a beautiful serene setting unlike anything else in the region.  The community already offers a wide array of neighborhood amenities including walking trails through the neighborhood and around the 8.5-acre lake, tennis courts, and a swimming pool with cabanas.

Homes are selling quickly in the Village from the high $300,000s to $500,000 and in the Manor from the $400,000s to $650,000 and in the Grand Manor from the high $600,000s to $1,000,000 plus.  In addition to the newly released lots in the Village, additional lots are available for custom homes in the Grand Manor.

Founded in 1933, Boyle Investment Company is one of Memphis’ oldest real estate development, management, sales and leasing firms specializing in commercial and residential properties.

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The group making the presentation includes the following individuals and organizations:  Emily Trenholm, Community Development Council; Sarah Newstok, Livable Memphis; Aubrie Kobernus, MAAR; Rusty Bloodworth, Boyle Investment Company; and Lissa Thompson, Ritchie Smith Associates. The group was selected from candidates across the nation and, as a result, Memphis’ efforts are being recognized at this national platform on smart growth in Kansas City.

The development of the new Complete Streets policy, in which City of Memphis Engineer John Cameron was extensively involved, has taken a year and a half to complete.  The next stage entails the creation of a design manual, which will be used in the planning process. The preparation of the design manual also will be a collaboration among city staff, design professionals, citizen representatives, and the private sector.  In developing the manual, the group will consider all of the implications of possible street design, including liability concerns, health, and safety and welfare issues, as well as economic, environmental, maintenance, and aesthetic consequences.

“This Complete Streets initiative is an outgrowth of the Sustainable Shelby policy which I started when I was Mayor of Shelby County,” said Mayor AC Wharton.   “I am pleased that John Cameron, City Engineer, has taken the lead in developing this policy initiative in cooperation with the public and private sectors.  The Complete Streets initiative fits in with my view that enhancing our public realm is a key component of making Memphis a City of Choice.”

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“The new Complete Streets policy represents a commitment by the City of Memphis to treat streets as an important part of the public realm,” said Rusty Bloodworth, Executive Vice President of Boyle.  “The policy will enable the creation of city streets in the Memphis area that is inviting to a variety of users, including pedestrians and bicycles, and not just automobiles.   It has been rewarding to partner with so many great public, nonprofit and private sector organizations throughout the region as we seek to provide leadership in the responsible design of our streets.”

“While Memphis is a car-centric city, we still have many residents who get around on foot, their bike, or the bus,” said Emily Trenholm, Executive Director, Community Development Council of Greater Memphis.  “Our street network needs to serve them as well – especially at the neighborhood level — and a Complete Streets policy will help move us in that direction.”

“The American Society of Landscape Architects (ASLA) is a member of the National Complete Streets Coalition,” said Lissa Thompson of Ritchie Smith Associates.   “Landscape architects are keenly aware of the benefits of a well-designed streetscape and recognize the public realm is where we live out much of our lives, whether in our cars or on our feet … coming and going every day.  We believe that how the public realm looks, feels, and functions influence our quality of life.  A more attractive and functional environment contributes to a better city image — which helps the local economy whether the goal is to recruit new business or hold the tax base.”

“MAAR and its 3200 REALTOR® members have a significant history of participating, encouraging, and providing leadership in a variety of efforts that seek to build thriving, successful communities throughout our region,” said Aubrie Kobernus, former Governmental Affairs Director of the Memphis Area Association of Realtors.  “MAAR is excited to be involved in the Complete Streets initiative as it works to make Memphis and Shelby County a more desirable place to live, work, and play.”

“Our grassroots Complete Streets effort is the perfect example of what can happen when citizens, non-profits, and the private sector come together to ask the government to take action toward a common goal: safer streets for everyone,” said Sarah Newstok with Livable Memphis.  “It’s a win-win-win.”

Founded in 1936, ULI is a nonprofit research and education organization which promotes the responsible use of land.  The organization has more than 40,000 members in 80 countries.

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