Project Updates and Community Impact
SKY RIDGE WAITLIST – Behind the Scenes Update
Here is the latest update on the Sky Ridge project in Spearfish.
1. If you are getting our emails, you are on the waitlist. We’ve gotten several emails from folks who want to be sure they are securely on the waitlist. If you’re reading this email, your spot is secured!! **If you did not receive an email from us from April 20, 2021, please check your junk email inbox scroll down to get your name on the Sky Ridge waitlist.
2. The project is on schedule. Following our September groundbreaking, the City began grading the project and installing utilities. They will also install roads and curb and gutter before lots are complete. Once all of the infrastructure is set, the Dream Design team will receive the lots from the City and begin constructing the homes.
3. Home construction is on track to begin in July. We will begin construction as soon as lots are received from the City. They will deliver 30 lots per year. Homes will be built on a rolling basis throughout the year, from this July to next July. Then, 30 more lots will be received each year until the project is complete.
4. Our first 30 homes will include all three tiers of pricing. There will be a little bit of something for everyone with each group of 30 homes. This will ensure we are helping a full range of buyers and keep the community well rounded.
5. If there is not a home available in your price range, we will hold your space in line until the next home in your price range becomes available.
6. Right of first refusal on homes is determined by income tax bracket. Homes at $175,000 and under are reserved for people in the 12% tax bracket and under. $225,000 and $275,000 homes are reserved for people in the 22% tax bracket and under. If we get through the entire waitlist and still have homes available, homes will be opened up to the general public regardless of income.
7. We are finalizing floorplans now. We have been hard at work on floorplans for each tier. Plans were sent to the City for review and our drafting team is incorporating their edits now. We will share the floorplans with you the second they are fully designed. We want to wait to share them until they are true to what will actually be built.
8. We are working with a local bank to establish a prequalification process. As soon as the process is established, they will be reaching out to everyone on the waitlist to systematically work through pre-approvals so you can be ready to purchase your home as soon as homes are available.
Again, floorplans and the process for pre-approvals are being established now. Our team is hard at work on these two items and we will be sharing more soon.
Rest assured, that if you are getting our emails, you have done everything you need to be first in line for these homes!
We are excited to be moving this project forward and our part of the action (the construction of homes) begins SOON.
We will continue to share as much as we can with you as details are finalized and the process to get you into your home is established and available.
Thank you for your excitement about this project. It is clear there is a great need for these homes in the Spearfish area, and we couldn’t be more excited to have such a great location to build this new neighborhood community.
P.S. Have friends or clients interested in joining the waitlist? Have them sign up at https://www.dreamdesigninc.com/sky-ridge-spearfish/
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