Peak One preps to break ground on new phase
summit daily news
A celebration is in order for the Peak One Neighborhood in Frisco, which will be breaking ground on its new construction phase alongside refreshments and a neighborhood party this month.
The Phase 3 Garden Green Ground Breaking Party is slated Aug. 22 from 4-6 p.m. at the Peak One Neighborhood sales office.
Neighbors and interested residents are invited to celebrate the grounding breaking of Phase 3, which will add 11 more homes to the neighborhood. Construction of the phase will be fully underway after ground breaking through September.
Contracts for Phase 3 begin Aug. 23. The new phase offers new floorplans, open space and bike path lots adding to the two existing phases and neighborhood feel.
“We’re averaging the construction of about one phase per year,” said Kate Clement, sales and marketing director for the project. “After the completion of each phase, the homes sell out very quickly.”
The 15 homes available in Phase 2 have been all sold.
“Prospective home owners are closing on these properties far before construction is finished,” Clement said. “We only have two homes left in Phase 2 for sale, and there are already prospective buyers looking at Phase 3.”
The new phase will be located on the southwest area of the development bordering the recpath.
The neighborhood offers workforce and affordable housing deed restricted to those who live or work in Summit County.
The average home price in Summit County is $465,700 according to 2010 Census data.
Peak One homes are priced in the $250,000 to $400,000 range, Clement said.
“We want to provide a sense of community at an affordable rate,” Clement said.
Jason Sherman, his wife, Michelle, and their 2-year-old daughter, Abby, moved into Peak One last October. The young family falls under a demographic typical in the neighborhood so far, according to Clement.
“Peak One is home to many young professionals and young families, which creates a vibrant dynamic among community members,” Clement said. “We’ve priced the homes in Peak One at an affordable rate for younger generations to have a stable community.”
For this reason, the Shermans chose Peak One.
“We love living here for so many reasons,” Sherman said. “My wife and I moved here mainly for our daughter; there are so many young families with children her age.”
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