Editor's note: This article has been updated to correct information provided to the Herald Democrat about the number of town homes to be built.
Portions of Broughton Street in Sherman may soon see new life as developers eye the area for new residential growth. Permits and variances for new town homes were recently approved for a development along the 800 block of Broughton Street.
Between the projected construction and the previous phases, developers have built 18 town homes in the area in the past two years with a value of nearly $4 million.
“Really this is an area that hasn't had development in decades,” said developer Josh Holley who represents Holley Homes.
The group plans to build three, two-unit town homes and one single town home in the 800 block for a total of seven residences. Each of the residences will be three-bedroom, two-bath homes with a cohesive look that will match two other phases of townhouses development by Holley in recent months.
“Essentially, you will be able to tell it was by the same builder,” he said. “This is more appropriate to me than seeing a lot of different ideas in the same neighborhood.”
The town homes will share a block with a tae kwon do studio and will be across the street from the College Street Diner. They will be nestled between two school campuses with the Fred Douglas Early Childhood Center less than a block away on College Street and Jefferson Elementary School only blocks away in the other direction across a set of railroad tracks.
The project required a specific use permit as the property sits within the College Park Overlay District, which respects by-right use to primarily single family residential and college uses.
“The goal of the overlay district was to hold construction to a higher standards with regard to use and construction standards,” Community and Support Services Manager Nate Strauch said.
Beyond Holley, Strauch said there has been recent interest in the area for infill development, especially for town homes of duplexes. The area is known for its older homes, and the city has pursued demolition on several dilapidated properties in recent years, he said. Other lots were never developed and remain empty.
Holley said the demand for the town homes have been from both families and college students. Much of the demand has come from workers who have moved to the area for work.
“With Finisar coming online, they (workers) need a quality product to lease while searching for a permanent home,” Holley said.
Among those who spoke in support of the project at a recent Sherman Planning and Zoning meeting was Grayson County Judge Bill Magers, who represented the development before the commission. Magers lauded Holley for his investment in one of the city's older neighborhoods.
What do you think about the planned development along Broughton and College streets? Let local government reporter Michael Hutchins know at MHutchins@HeraldDemocrat.com.