Expanding housing market brings developers from Texas, Arizona

By David Irvin: CNJ staff writer

Out-of-town developers are starting to take notice of Clovis’ expanding housing market.

Of the four subdivisions currently awaiting review from the Clovis Planning and Zoning Committee, three are being developed by out-of-town companies.

“For the most part it has been local developers, but here recently we’ve had developers from Arizona, Texas and Albuquerque,” said Louis Gordon, planning and zoning administrator for Clovis.

Derek Barnhill of Statewide Homes of Albuquerque said has company has developed a number of properties in Albuquerque, including downtown lofts, but as part of a wider company commitment to developing 2,000 homes in New Mexico, they are entering the Clovis market.

“We realized the need for housing in Clovis. You guys are in bad shape,” said Barnhill, who is taking the lead in the Clovis market for Statewide.

The city Planning and Zoning Committee will meet April 13 to consider a replat proposed by Statewide for an additional 78 lots and 15.9 acres in their Lockhaven Estates development west of Martin Luther King Jr. Boulevard. In total, the development will have 151 lots for modular homes that will sell for $80,000 to $120,000, Barnhill said.

“You guys are a city on the move, and we like that attitude.” Barnhill said. “Everybody there is real helpful.”

Gary Rothwell, owner of Rothwell Development of Lubbock, agrees.

Rothwell is developing Stonehaven Estates on the north side of Clovis. He chose Clovis in part because he has two partners in town to facilitate the development, he said.

“It looks like the Clovis market is going pretty well,” Rothwell said. “They are saying there’s a lot of demand for the lots right now.”

The development will have 89 lots on 27.57 acres, and the houses will sell for between $120,000 and $150,000, he said.

Another Albuquerque group is developing the second phase of Parkside Village in the 1200 block of Sycamore Street, Gordon said. The project includes three multiplexes and 18 additional units.

Developers from Arizona are developing almost 70 acres for a subdivision called Double Tree Ranch, Gordon said. That subdivision plan has already passed planning and zoning.

In Curry County, a subdivision called Silver Shadow Properties is being developed northeast of town, and will include 52 lots on 320.32 acres. The County Commission has already approved the preliminary plat on that property, which is being developed locally, officials said.