D.R. Horton has begun work at a partially completed subdivision in the Chicago area that was abandoned by a developer during the housing crash. Daily-Chronicle.com reports:
Fort Worth, Texas-based D.R. Horton Homes broke ground Wednesday on the first of several homes planned for lots the company controls in the Devonaire Farms subdivision, according to a news release from the city.
Devonaire Farms, located off Malta Road, was approved in 2003. After the housing market collapse, almost half the project was left incomplete, according to the news release.
D.R. Horton representatives met with both city staff to secure the necessary building permits on lots approved for construction and members of the homeowners’ association to integrate themselves with the community.
D.R. Horton expects to build 850 new homes in various Chicago-area communities this year. The homebuilder is working in Elgin, Geneva, New Lenox, North Aurora, Oswego, Pingree Grove, St. Charles and Yorkville.
