WEST TOLEDO (WTOL) - The harsh economy is not stopping a Toledo developer from building more homes.
They say it's about location, location, location.
Seneca Building Company here in Toledo believes they've found a key spot. With 15 people already interested, the developers hope the project takes off.
Right now, it's just a muddy mess, but soon the land will be a place for people to call home. Crews are expected to break ground on the Gray Stone Woods subdvision next week.
The big incentive is a 15-year tax abatement, meaning you wouldn't pay taxes on the house for 15 years.
"We're actually trying to get people out of apartments. For under $900 a month, you could be in your own home with your own yard, a two car garage, and custom build it the way you want it," said Ron Hensley with Seneca Building Company.
The developers are not fearful of the struggling economy. "There's definitely a market for entry-level buyers and retired people who want to be in a home in this price range," said Hensley.
Prices for these new homes range from $140-170,000.
Seneca Building Company (419) 467-2562