Homebuilder sees potential growth in Bucks County with $12M project

One Lehigh Valley homebuilder sees potential growth in Bucks County where is starting construction of a $12 million residential project.

Kay Builders has begun framing houses for its latest project, 38 single-family homes in Richland Township near Quakertown. (Submitted) –

Kay Builders, based in Lower Macungie Township, is building The Fields at Creek View, a residential community of 38 single-family homes in Richland Township near Route 309.

Rick Koze, president and owner of Kay Builders, said the company has started to look south because he sees opportunity there.

“There has been a lot of building in that area over the past 10 years,” Koze said.

St. Luke’s University Health Network is building a new hospital in nearby Milford Township, which should open by the end of the year. In addition, Caracor is developing Village at LifeQuest, a massive mixed-use project near the hospital.

With a large public market underway in nearby Quakertown and more businesses moving into the borough, the surrounding area of Upper Bucks is poised to see considerable opportunities for growth.

Koze said the site on Trumbauersville Road where Creek View is going up has already attracted residents looking to move north from the Philadelphia area. They are looking to stay within a reasonable commuting distance to the Philly/Lansdale area without moving into the valley.

The homes will be on 10,000-square-foot-lots, with houses sized in the 2,500 to 3,100-square-foot-range and with prices starting at $370,000, he said.

He said homes priced at about $400,000 are considered affordable housing for that area, he added.

Koze said he bought the property about a year ago and will dedicate about 15 acres of the site to the township as open space. In addition, the developer will build walking paths that connect to existing paths.

He plans to start delivering finished homes in December and has workers framing five houses now. He plans to complete the entire project by next year.

So far, the company has sold 16 homes, he added.

Sewer capacity is one downside to building in that area, he added.

“There might need to be some upgrades. That is the only impediment to growth there.”

Schlouch Inc., an excavating company in Blandon, is preparing the site for the community.

 

Brian Pedersen
Reporter Brian Pedersen covers construction, development, warehousing and real estate and keeps you up to date on the changing landscape of our community. He can be reached at brianp@lvb.com or 610-807-9619, ext. 4108. Follow him on Twitter @BrianLehigh.

Business Journal Events

2019 CFO of the Year Awards

Wednesday, September 11, 2019
2019 CFO of the Year Awards

HR Symposium

Wednesday, September 25, 2019
HR Symposium

2019 Reader Rankings Awards

Wednesday, October 02, 2019
2019 Reader Rankings Awards

2019 Fastest Growing Companies Awards

Wednesday, October 23, 2019
2019 Fastest Growing Companies Awards