Last December, Schilling Development introduced a group of local builders to the company’s latest project – Copper Creek in Crown Point.
A multi-generation developer with projects in northwest Indiana and the Chicago area dating back to the 1890s, Schilling’s most recent focus has been in St. John with a handful of communities still under development - Rosewood Estates, Crossing Creek, Estates of Wellington and Peninsula Point – plus several already complete – Weston Ridge, Shillton Hills, Louis Estates and Timberland Estates.
Like St. John, Crown Point is a “hot spot” for builders in Lake County. Just a few months ago, Metrostudy, the leading provider of primary and secondary market information to the housing and related industries nationwide, ranked St. John fourth and Crown Point fifth in a quarterly report of the top 15 municipalities in the Chicago-area market (which includes much of Will, Cook, DuPage, Kane and Kendal counties in IL) for new housing starts.
“Many of our builders are currently building homes in Crown Point, so we know the market, and we know it’s hot,” Schilling Development’s manager Jack Slager said. “The biggest challenge for builders in Crown Point right now is the availability of buildable lots. Copper Creek is Crown Point’s first new development in over five years. We’re pretty excited to resurrect it.”
Located in southern Crown Point north of 133rd Avenue and south of 125th Avenue, Copper Creek was formerly known as Serenity Woods. The parcel was annexed by Crown Point in 2000 along with neighboring Feather Rock.
“Another developer got things started in 2007, and there was even talk of it being a Parade site in 2008,” Slager explained. “Then the housing market changed dramatically and everything stopped. Now, with the demand for quality lots growing as available inventory was dramatically reduced with many of the buildable lots in both St. John and Crown Point purchased as the housing market began to recover – especially over the last months of 2013, we saw this as a great opportunity.”
Situated on more than 100 acres of pristine rolling woods and prairie with natural ravines, creeks and ponds, Copper Creek will feature nearly 200 homes when complete. The first phase of development, encompassing 38 lots, was made available for deposit to licensed builders in the city of Crown Point late last month, and 32 were reserved on the spot.
“I think there were 16 of us there, and 15 actually took lots,” Cory Kreith of CK Building and Design said. “Since the fallout of the housing market in late 2007, there’s been nothing entirely new in northwest Indiana. Lots are becoming somewhat scarce for people wanting a custom-built home now that the housing market is turning around. Copper Creek is part of the growing area of south Crown Point. It’s a nice piece of property – wooded with rolling hills so you have lookout and walkout lots with tree lines for secluded yards. It’s exciting”
“Since that meeting, I’ve had at least 20 inquiries,” Slager added. “Interest in Copper Creek has actually exceeded our expectations at this point. We’re in the process of preparing the infrastructure - tree clearing, street shaping and piping. We kept the same layout from the original plan that was first approved by the city in 2007 (approvals were extended in 2008 and 2009 before they expired when preliminary ground clearing and tree removal stalled) and are fortunate to be working with the same engineers.”
“The turnaround is great,” Kreith said. “We had the lottery in December, and everything should be ready to go in May. I’ve already got one lot sold.”
Always on the lookout for new opportunities to enhance the lives of local residents within the communities where they live and work, Schilling Development is looking forward to a number of additional future developments.
“In addition to single family home communities like Copper Creek, we have sites appropriate for multi-family, commercial and mixed use,” Slager said. “Along with plans to open a second phase in Copper Creek later this year, we’re working on projects in St. John and Cedar Lake as well as Lowell, Merrillville, Winfield and Valparaiso.”
Contact Slager at 219.365.6000 for a complete list of builders with lots reserved in Copper Creek or go to schillingdevelopment.com/copper-creek/ to request updates.