August 10, 2015
Chappel Creek: Boyle Finds Country Charm in Cordova
|Boyle Vice President J. A. Hayden (right) discusses plans for Chapel Creek, one of Boyle’s newest subdivisions in Cordova, with partner Doug Dickens.|
|Rolling hills, towering oaks, private roads and fieldstone fences greet visitors as drive through Chapel Creek, one of Boyle’s newest residential communities.
Located on Dexter Road in unannexed Cordova, Chapel Creek is a joint venture development between Boyle and Doug Dickens, Hank Hill and John Ashworth, Dickens, Hill and Ashworth are developers who have specialized in urban “infill” developments. They have built numerous zero-lot-line properties in Memphis, including Wynfrey, Joffre Place and Windover Grove.
After Doug Dickens, who is serving as managing partner for Chapel Creek, acquired the property, he and his partners began looking for a stronger partner with expertise in large, upscale residential subdivisions. “Until we acquired the Chapel Creek property, our largest development was 10 acres.” explained Dickens. “We know that Boyle had great knowledge of the residential market in Cordova and could provide us with the expertise we needed to make Chapel Creek a success. We also were familiar with Boyle’s reputation for excellence.”
According to J.A. Hayden, vice president of residential development for Boyle, the partnership with Dickens, Hill and Ashworth is a good fit. “They are great partners because of their fine reputation, expertise and attention to detail and because of the excellent following they’ve established with Memphis builders over the years.”
Together, Boyle and Dickens, Hill and Ashworth are creating an atmosphere of country charm in the 72-home neighborhood, while maintaining the rural feel and natural beauty of the 76-acre site. Although 50 lots have already been sold, additional lots are available. The lots, which average one acre in size, are priced from $60,000 to $75,000 each. The average price of the homes is expected to be approximately $350,000, with a minimum of 3,500 square feet of heated space required for a two-story home.
The builders involved in Chapel Creek were hand-picked by the developers because of the high quality level of their work and their willingness to work with developers on all aspects of design and construction. As with other Boyle neighborhoods, home construction in Chapel Creek will be supervised by an architectural control committee.
Its location was a main reason Boyle was attracted to Chapel Creek. “The property is less than one mile from the new Appling Road interchange on Interstate-40, which makes commuting to downtown Memphis a lot easier,” says Dickens.
Chapel Creek also fits a market niche that was missing in Cordova. “Until Chapel Creek, only the choice buyers had for upscale homes in the $350,000 price range in the Cordova area was Riveredge, also developed by Boyle. But now buyers in this market have an option, Riveredge, which is close to Walnut Grove Road, Germantown and East Memphis, or Chapel Creek, near I-40,” said Hayden.