There is an area most citizens agree is needed in order to grow Ardmore’s economy: more affordable housing. This area is expensive to develop, and usually prevents a community the size of Ardmore from effectively addressing it, according to Brien Thorstenberg, vice president, Ardmore Development Authority. 


There is an area most citizens agree is needed in order to grow Ardmore’s economy: more affordable housing. This area is expensive to develop, and usually prevents a community the size of Ardmore from effectively addressing it, according to Brien Thorstenberg, vice president, Ardmore Development Authority. 


The Ardmore Development Authority is currently developing phase two of the Hickory Ridge Housing Addition.


In 2008, phase one of the Hickory Ridge Addition was completed. This phase provided 31 homes in the 1,200 to 1,600-square-foot range that sold for $75 per square foot. 


“The demand was overwhelming,” Thorstenberg said. “All of the were homes sold within two weeks of ground breaking and there is now a waiting list of over 40 homes in phase two. In phase one, the ADA put in the infrastructure at our expense and sold the lots to three area builders with a stipulation that they would have to sell the home at a sales price of $75 per square foot. The ADA encountered several challenges getting water and sewer services to the area. As a result, the infrastructure cost of phase one was more than $1.8 million.”


The demand for the construction of additional homes in the Hickory Ridge Addition is significant and the ADA has developed a plan to proceed. Due to rapidly escalating construction costs, engineering estimates for the infrastructure of phase two for 95 lots range from $2 million to $3.2 million. 


“The ADA didn’t want to lose the momentum from phase one, but we didn’t see how we could proceed with the projected costs for phase two,” Thorstenberg said.


The ADA worked with phase one builders Lance Windel and Joel Wisian to develop a unique approach to developing phase two. In this plan, the ADA will deed approximately 28 acres to the two builders to develop approximately 95 homes in phase two. The builders will install and pay for the infrastructure of the phase two addition. 


Homes will be sold at $80 per square foot. Hickory Ridge will remain an ADA project and the ADA will retain oversight of the addition. 


“The homes will sell from $100,000 to $144,000 for homes 1,200 to 1,800 square feet,” Thorstenberg said.   “Ardmore will gain additional affordable housing at minimal expense to the ADA. The ADA is also working with Charles Gilcrease, the other phase one developer to construct additional homes in the phase three area in order to add even more entry level homes.”