Stellar Townhomes Development at 1765 W. New Haven Ave.
Summary
A 133-unit gated townhome subdivision on one of the last undeveloped parcels along the US 192 corridor. The city gains roughly $72,000 a year in property taxes and about $660,000 in one-time fees, while neighbors raised concerns about flooding, buffers, and corporate ownership of units — leading to a one-year owner-occupancy requirement before renting.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Feb 3, 2026.
Impact analysis
About $72,000 per year in new property tax revenue plus over $660,000 in one-time impact and permit fees for the city.
The city's tax base, homebuyers seeking new townhomes, and neighbors who avoid a six-story Live Local apartment building on the site.
Adjacent single-family neighbors like the Gant family on Buffett Lane face potential drainage impacts, though stricter stormwater rules are expected to help.
Mentions & discussions (2)
City Council (Regular) - Feb 3, 2026
A 133-unit townhome project on 17+ acres was approved after the developer dropped a promised one-year owner-occupancy restriction, saying lenders wouldn't finance it. Supporters argued it beats a possible denser Live Local apartment project; critics worry corporate buyers could snap up the units as rentals.
City Council (Regular) - Jan 20, 2026
A 133-unit gated townhome subdivision on one of the last undeveloped parcels along the US 192 corridor. The city gains roughly $72,000 a year in property taxes and about $660,000 in one-time fees, while neighbors raised concerns about flooding, buffers, and corporate ownership of units — leading to a one-year owner-occupancy requirement before renting.
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