By JACK WEATHERLY
Flowood will get a “traditional Southern town” dropped into its midst when the $400 million, 240-acre Waterton is built.
Southern Lifestyle Development of Lafayette, La., will commence work on the 50-acre first phase (not including a 20-acre lake), in the summer, according to Kevin Blanchard, chief operating officer.
Completion of that phase, with about 150 homes of the more than 500 on the drawing board as well as commercial structures, will be about a year later, Blanchard said in an interview.
The project is to be located near the intersection of the East Metro Parkway and Lakeland Drive.
“It’s beautiful [land]; it’s got a nice topography,” Blanchard said.
The target price is about $160 per square foot for the houses, Blanchard said, adding that styles and sizes will vary, ranging from cottage-size to estate size.
All are under a “strict architectural code,” he said.
Traditional neighborhood developments are “walkable” new urban style, harking back to the days before suburban sprawl.
The mixed-use development should be totally built out in 10 to 15 years, he said.
Community Bank will build its new headquarters in the town center. The bank sold the 240 acres to Southern Lifestyle.
The existing 20-acre lake – left over from a failed effort by another developer in 2008 during the recession –will accommodate two wharf-style restaurants as part of the small-town approach, with walking trails, bicycle trails, parks and a waterfront events area.
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