Original source can be found here.

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Chattanooga-based GreenTech Homes has launched its biggest-ever development as the builder has started work on a new neighborhood in Hixson called The Farmstead.

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Jeremy Fitzsimmons, director of development at GreenTech, said in an interview Monday that plans are to build 240 single-family detached homes on a large vacant tract at 6909 Hixson Pike.

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Slated to go up in three phases with the first encompassing 80 homes and called The Founders of The Farmstead, he put the project at about $128 million when fully built out in about three and a half years.

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"This is our flagship," Fitzsimmons said about the company started in 2008. "This is our biggest single development to date."

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Residences will ranges from 1,600 to 4,000 square feet, he said, with more than 17 home plans available including one- and two-story units and multiple exterior choices.

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Homes will start with a mid-$400,000 price point, Fitzsimmons said, noting that no townhouses are planned.

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"This development is the one with the most amenities," he said of all the GreenTech's projects to date.

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A square off which the model home that's under construction sits will have a plaza with fire pits, he said. Amenities in the development include a centralized clubhouse with a full kitchen and exercise equipment, a large resort-style pool, a dog park, a pickleball court and other activities, according to GreenTech.

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Elya Kurktchi, a future resident in The Founders of The Farmstead, said he's excited for GreenTech's vision and designs.

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"We love the architectural designs of the homes and the community plaza that they have planned," he said in a statement.

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According to GreenTech, buyers can customize more than 20 structural features such as covered patios, bump-outs, fireplaces, parking options and others.

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The company has done a lot of homebuilding on Chattanooga's Southside in what Fitzsimmons called the neo-traditional design with front porches and connections to public space. The Farmstead will continue in that trend, he said.

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"A lot will be like the Southside but a new and improved version," Fitzsimmons said.

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As the project develops, green spaces will be built into the design to encourage walking, the GreenTech official said.

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"Building community-first is at the center of what we do, and The Farmstead embodies the features and characteristics of what homeowners want in a neighborhood today," Fitzsimmons said.

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The homes will differ as people are in different walks of life, he said.

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"All of them will have yards," Fitzsimmons said, adding that 80% will be designed with garages accessed from the rear. The Farmstead will feature various garage options including up to a three-bay garage, according to GreenTech.

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"We care about people getting out of the house," Fitzsimmons said. "There will be very intentional spaces. The homes and streetscapes encourage interaction among neighbors."

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The first homes are to be ready in July, Fitzsimmons said. He said 25 residences have been pre-sold since sales started in November.

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"Rooftops will start to fly out of here," he said.

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Buyers are seen as including young business professionals and empty-nesters, Fitzsimmons said.

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"It's designed for all walks of life," he said. "The community spaces speak to everyone."

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GreenTech officials like the Hixson market and The Farmstead site. Fitzsimmons cited the proximity to Chickamauga Lake and Chester Frost Park.

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At the same time, he said, the location is close to Hixson businesses and not far from downtown.

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"A lot of people in Hixson have been waiting for something a little different," he said.

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Kurktchi said he's a repeat customer of GreenTech.

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"We chose to continue to partner with their team because we like how they tailor our home to our lifestyle," he said in the statement.‍

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Concerning the uptick in interest rates nationally, Fitzsimmons said there was a slight drop recently. He said he's hopeful rates will fall further as inflation continues to soften.

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"We've been working on this for three years in planning and design," Fitzsimmons said.