In 1976, Fitch Creations Inc. started on a quest to complete a 1,600-home master planned community called Fearrington Village near Chapel Hill, North Carolina. Forty years later, the developer is just starting to prepare for the final neighborhoods.
Last week, Fitch Creations submitted plans for a 29-lot neighborhood to the county board of commissioners. If it goes through, the community will only have 173 lots of the original 1,600 left. The current homes being listed for sale at the community are priced between $420,000 and $700,000.
Besides the 1,600-lots, Fearrington Village also includes Five-Diamond-rated Fearrington House Inn and Fearrington House Restaurant, a spa, an independent bookstore and various other shops.