November 16, 2008
Cross Lanes developer creating new housing
Advertiser

CROSS LANES, W.Va. - Despite national news of slow home building starts, a developer in Cross Lanes is expanding, creating a gated community called Twin Lakes Estates just off Goff Mountain Road.

"There is a need ... a need for a step-up into the next level of housing," said Clark Lamp II, owner of Innovative Design and Construction LLC.

Lamp, who also works for Nitro Electric Co., started building Twin Lake Estates in the spring of 2007.

Previously, he built 23 raised homes and townhouses in Myrtle Beach. When the vacation home market started to change, the St. Albans native decided to do a project closer to home.

At 27-acre Twin Lakes Estates, it's quiet. Yet, over the hills, sits Interstate 64, the Nitro movie theater, Wal-Mart and the dog track.

Only one of the 32 lots has a house on it. The stone entrance gate has a slogan: "A home where serenity awaits you." A stone pineapple, the Hawaiian sign for welcome, sits atop the gate. 

The development has two lakes, concrete streets and walking trails. There are plans for a golf-cart trail over the hill to the Nitro movie theater.

The gated community has building requirements, including that homes must be at least 2,400 square feet and 85 percent brick or stone. Any builder can be used, but plans must be approved.

Jim Rankin, whose company Real Estate Central is helping sell the lots, said home prices will be in the $350,000 to $500,000 range.

Lot sizes range from three-tenths to a little more than 1 acre, Rankin said. Lots will cost $60,000 to $100,000, he said.

Realty agents Josh McGrath and Angie McCown are heading up much of the sales.

Real Estate Central is holding an open house today  from 1 to 4 p.m.

Rankin said buyers will likely be those wishing to upgrade to a larger home or those having trouble finding a similarly priced existing home in the area.

A comparable Cross Lanes subdivision, Bennington Green, is full, he said.

And the commercial market in Cross Lanes is booming. An acre-sized lot next to Real Estate Central's office on Goff Mountain Road just sold for $350,000. Cross Lanes' Holiday Inn Express just purchased two acres for $800,000, he said.

With such commercial growth and a stabilization in Teays Valley market, the Cross Lanes residential market is becoming a hot one, he said.

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