Spokane Journal of Business

$40 million subdivision planned in Hayden area

Shorewood Homes wants city to annex 115 acres for 310-lot development

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Shorewood Homes Inc., of Hayden Lake, Idaho, is asking the nearby city of Hayden to annex 115 acres of undeveloped property upon which it wants to build a $40 million residential subdivision.

The construction and development company plans to build 310 single-family residences in the subdivision, to be called Broadmoore Estates, says Tom Anderl, Shorewoods owner and president.

Construction could get under way in the spring if the annexation and preliminary plat are approved by Haydens city council. The project would be built in six phases of about 50 homes a year, Anderl says.

The Hayden City Council was scheduled to decide whether to annex the property, which lies east of Atlas Road, between Hayden and Prairie avenues, on Tuesday, Jan. 23. Both Anderl and a Hayden planner said prior to that meeting that they expected the annexation to be approved.

As planned, the home lots in Broadmoore Estates would average nearly 11,000 square feet in size, Anderl says. Thats certainly larger than the citys requirement of 8,250 square feet, he says.

Shorewood Homes would donate 10 acres of the property inside the development to the city of Hayden for a new park, he says.

Although home prices for the new subdivision havent been set yet, Anderl says it is definitely not an entry-level project as far as pricing goes. The lots that would surround the new park will be certainly what we would consider premium home sites, he says.

The Hayden city planner said the city had been told that homes at Broadmoore Estates would cost about $140,000.

There would be curbs and sidewalks throughout the project, as required by the city of Hayden, and the street lights would be old-fashioned-looking carriage lights, Anderl says. All the roadways will have sidewalks that will lead to the park itself. I think it will be a real nice addition to the community, Anderl says.

Shorewood Homes also would pay for perimeter road improvements on Atlas Road, and would extend Honeysuckle Avenue west to Atlas, he says.

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