Young people, no matter what race, can come here, raise their kids and have neighborhood schools because they can afford these homes. They couldn't afford the prices in the suburbs anymore. It's a chance for people to put their money where their mouth is on living in the city. City plans to create a privately financed tax incremental financing district in the area this summer will accelerate progress, he thinks. So will a spec home industry.
People get the design magazines, and they want the world.
It's a very time-consuming and expensive proposition, and people are getting lost in the process. We'll have homes already built, making it easier for buyers to pick a house and move in right away. It took us this long to build up the market. But we've reached the point where we have four active builders and 23 new orders this year alone. Building homes on spec seemed risky initially, but not any longer, Pukaite said.