Candlewood Glows with New Subdivision
by June 14, 1999 12:00 am 59 views
McIlroy Bank & Trust of Fayetteville granted Candlewood Development LLC a $2.2 million loan April 13 for a 46-acre residential development in Fayetteville.
The property, just north of Vandergriff Elementary School and the intersection of Crossover Road and Mission Boulevard, has 59 lots, ranging from one-half acre to 1.25 acres in size.
Homes will start at 3,000 SF, and lots will range in size from 69,000 SF to 94,900 SF. The home prices will start at around $350,000. The developers already have commitments for one-third of the lots.
Candlewood consists of Tom Terminella of Terminella & Associates, president; and Gary Combs and Carla Tyson, members of Catacombs LLC.