INDIAN TRAIL – Developer Tommy Price’s concept for Sun Valley Marketplace includes a hotel, commercial uses and 264 apartments off U.S. 74, between Fawnbrook Drive and Wesley Chapel-Stouts Road.
While commercial and hotel uses can be developed by right, the apartments will trigger a rezoning process. Price sought some initial feedback from the Indian Trail Town Council on the apartments May 14 before he submits his rezoning request.
The 12.5-acre piece that includes the apartments is like the first phase of a 60-acre project.
Site plans call for seven three-story buildings with 24 units each, as well as three four-story buildings with 32 units each. The project will be similar to the Copus 1 apartment complex. Elevators represent the biggest upgrade from Copus 1.
“If we can put four stories there, we can afford to put elevators in them,” Price said. “We learned a great deal over at Copus 1 as far as rentability. A lot of the first-floor units went really quick. They were the first ones to go because people didn’t want to climb stairs.”
Amenities will include a clubhouse with business center, fitness center, pool, pickleball courts, community gardens, gazebo, outside grilling area, concierge service for laundry and trash, and more than two miles of sidewalks.
Some of the initial concerns expressed by the council included the fire department’s ease of providing protection for four-story buildings, as well as the accessibility onto U.S. 74 given its high rate of traffic flow.
From mobile homes to townhomes
Tommy Price will also seek rezoning for nearly 50 acres at the corner of Potter and Fincher roads for 274 townhomes.
For a long time, the site was a mobile home park. It could give way to two-story townhomes ranging between 1,500 and 1,800 square feet and consisting of three bedrooms, 2.5 baths and one-car garages.
“This will keep a lot of the people local in town,” Price said, noting there will be service-based businesses within walking distance of the neighborhood. What goes in will be based on interests of residents, he said.