News

Property development plan in progress in New London

GTNS photo by Isaac Hamlet

The corner of W Adams and S. Pine in New London is where the city will be starting work on a new residential subdivision. The subdivision will consist of four phases, each of which will aim to construct roughly 10 houses.
GTNS photo by Isaac Hamlet The corner of W Adams and S. Pine in New London is where the city will be starting work on a new residential subdivision. The subdivision will consist of four phases, each of which will aim to construct roughly 10 houses.
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NEW LONDON — Citizens can expect to see new houses along South Pine Street in the City of New London as soon as next year.

Following the creation and subsequent sale of five housing lots created along W. Adams St. in 2017, the city will be starting a larger project in four phases.

“It was kind of a test run,” Howard said of the single phase 2017 project. “It only had five lots in it and all of them sold right away, within a few days.”

Of those five lots sold, two currently hold occupied houses, one has a house which is currently being built and the other two lots remain empty, though they have been purchased.

According to Howard, the swift sale of those lots was part of what prompted the decision to begin work on a larger subdivision.

As planning still is in early stages, prices and time frames have yet to be confirmed, though City Engineer Matt Walker gave a rough idea of a potential timeline.

“My guess is (the city) is hoping to start fall of this year,” Walker said, estimating completion of the first phase would occur sometime in spring or summer of 2020.

Paperwork still needs to be done before prices are set and the property is advertised, but when construction starts it will be broken up into four phases.

According to Howard, each phase of development will see the instillation of sewer, electricity, roads and roughly 10 housing lots each.

“We want to see more houses come to town, more people move to town; that base population increases the tax base,” said City Clerk Kasi Howard. “There weren’t any developers we found we thought to be financially feasible except private developers, so the city took it into their own hands.”

The increase in population new housing would ideally bring might also encourage business and families to move into the area.

“We’ve been stagnant population-wise for quite some time,” Howard said. “It’ll help support our school system, local businesses and things like that so (New London) continues to thrive and grow.”