Preston Hollow: 84 lots ready by year end
Preston Hollow developer Steven Dorsey hopes to have 84 lots available for building within the next year in the new subdivision north of Donald Preston Drive and south of Preston Park in Wolfforth.
The new project will be located directly south of Preston Park and will have 154 total lots for new homes targeted to be sold in the $225,000 to $300,000 range.
Dorsey said the lots will be slightly larger in Preston Hollow because he believes most of the homes there will be single story. The lot sizes will range from 65 to 80 feet in the front.
While Dorsey said lots for the first phase will be available by the end of 2013, he said he expects the entire development to be filled with homes within three years.
Dorsey said he has known and worked with Joe Stettheimer, general partner of the Stettheimer Family Partnership and developer of Preston Park, for several years.
Not only did he have a hand in building several homes in Preston Park, Dorsey said he owned and lived in two different homes in that subdivision. He now lives in Cedar Creek, another subdivision near the Preston subdivisions.
“There’s some good things happening out there,” Dorsey said of Preston Park and Preston Hollow.
He is excited about building in an area where United Supermarkets has proposed to build a grocery store in the future.
“I think anywhere United is putting in a grocery store, it makes the land more attractive,” Dorsey said.
“I knew it was just a matter of time before Wolfforth would ignite and take off,” said Dorsey, a 1995 Frenship High School graduate. “I just saw good things happening for Wolfforth.”
City Manager Darrell Newsom said local officials are excited to see the new construction.
“It’s great. We need it to happen,” Newsom said, noting that Wolfforth faces debt from putting in infrastructure for the growth it has seen coming. New residents paying taxes in the area will help pay off that debt, he said.
“Things are moving fast,” Newsom said.
The city manager said he sees that as a sign the economy is improving and that people want to live in Wolfforth. He said he believes the inventory of new houses is lower than last year in the entire Lubbock area, which will lead to more construction.
Access to the Preston Hollow subdivision will be on a road not yet constructed west of Outer Wear USA, Arthur Street. The city of Wolfforth approved the dedication of the new road in a council meeting in early February.
Arthur Street already exists in the Preston Park area, but the new 600 feet of roadway will connect Preston Hollow with Donald Preston Drive, known as 82nd Street inside Lubbock.
Residents will also be able to access the subdivision from the north on County Road 7700, known as 66th Street in Lubbock.
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