SERGEANT BLUFF | A Siouxland developer is planning a new 78-lot subdivision on Sergeant Bluff's southeast side.
The subdivision, to be called Serenity Point, will sit south of Warrior Road between Old Highway 75 and Old Lakeport Road.
Developer Zach Terry, of Onawa, said the $4 million investment includes 78 lots and 1 1/2 acres of commercial space. The city this week passed a final plat and development agreement for the project, one of the final steps to approval.
"Basically, it's ready to start selling lots now," Terry said.
Terry, who runs a rental business and a septic and portable services company, as well as serves with the 185th Air Refueling Wing, said the inspiration for the new development came last year when he was driving his wife to the dentist in Sergeant Bluff.
"I looked across and saw the property and said, 'Why hasn't someone built property there?'" he recalled.
Terry entered talks with the city and has completed the underground utility work. He said he already has a few prospective homeowners lined up to purchase lots.
The lots come in a variety of sizes, ranging from 150-by-80 feet up to 210-by-110 feet. The homes, he envisions, will range from $250,000 to $400,000.
"I think it's going to pull a lot of individuals from Sioux City who want the suburban feel of nice housing," he said.
City Administrator Aaron Lincoln said the new subdivision will continue a healthy growth in new housing for the community.
"Our existing subdivisions are filling up, and we really have a limited amount. But this project allows us to continually have more options for people to build a home and join our community," Lincoln said.
Terry said he is planning to design a second phase in a 20-acre field on the south edge that could add around 25 more lots and more space for commercial development.