Neighborhood will be located at the end of Barret Boulevard, behind Walmart
HENDERSON, KY. (Feb. 14, 2023) – Henderson Economic Development (HED) announced Jagoe Homes’ plan to construct a new housing community on approximately 86 acres, building up to 300 homes with a $35 million investment.
“We are thrilled to welcome Jagoe Homes back to Henderson! Collaboration between Henderson Economic Development, the City of Henderson, and community partners resulted in community needs being met. We always say economic development is a team sport, and we think Henderson has the best team. Welcome to the team, Jagoe Homes,” HED Executive Director Missy Vanderpool said.
The proposed entrance is located at the cul-de-sac on Barret Boulevard, which is behind Walmart in Henderson. Barret Boulevard will eventually extend into the neighborhood as more homes are built. There is potential to build additional roads and entrances for residents to have easier access.
Bill Jagoe, co-owner of Jagoe Homes, started his building career in Henderson in 1983 and is enthusiastic to be back.
“Henderson is a great place to live and work, with many fantastic family amenities. The downtown area is charming, along with a fabulous nature experience at John James Audubon Park,” Jagoe said.
Jagoe Homes intends to build up to 300 single family homes over a 7-to-10-year timeframe. The houses will consist of various lot sizes and floor plans, all located within the city limits. The average price will be approximately $250,000.
A total of 15 houses are expected to be under roof by the end of 2023. Jagoe Homes will break ground on the property this summer to start the build out. In the construction process, a wooded greenspace will remain at the back of the property with potential for walking and hiking trails.
Henderson’s planned project builds on recent job creation announcements. Since July 1, 2021, 828 new jobs have added in Henderson County. In response, HED added a community development component into their five-year strategic plan.
Henderson County Judge/Executive Brad Schneider said Henderson County Fiscal Court is eager to see the impact the project will have on the community.
“This new housing development is terrific news for our community. Henderson County Fiscal Court commends all involved in creating this impressive opportunity for growth. The project meets a significant need in Henderson for more housing options and should also be a catalyst for the effort to bolster our county’s population. We appreciate everyone who worked to make this happen,” said Judge/Executive Brad Schneider.
The 86 acres were listed as a part of the Merrill Farm, and the landowners were eager to sell their property in response to the community’s need. The tract of land was chosen because of its large size, reasonable price, and proximity to Interstate 69.
As out-of-town job seekers look for workforce opportunities in Henderson, there is a need for additional housing in the community. Currently, Henderson has a little over a two months’ supply of homes. An improved housing portfolio in Henderson will aid in attracting new residents to the community.
In 2022, according to the Henderson Audubon Board of REALTORS ®, houses in Henderson County stayed on the market for an average of 22 days before being sold for an average price of $197,000 per house.
Amber Wood, Associate Broker for F.C Tucker/Collier, expressed the need for a new housing development in the city of Henderson.
“Presently, we have both buyers and sellers ready to move, but we do not have anywhere for those people to go. It stops sellers from selling and gives buyers nothing to buy. It’s this bottleneck effect that we have seen both locally and nationally,” Wood said.
In 2021, a lack of housing was an issue highlighted by Commissioner Austin Vowels and then Commissioner Brad Staton. After bringing their concern to the Board of Commissioners, a new housing development was made a priority by the Commission moving forward.
A housing development is a solution to meet the future demand of Henderson’s growing population. The construction of Interstate 69 and the creation of new jobs from existing and new industries contribute to this growth.
Henderson Mayor Brad Staton showed his excitement for the impact on Henderson’s community.
“It seems like every time you turn around Henderson is announcing something new and exciting. Our city is growing and evolving and that’s why were excited to share that a new housing development is coming to our community. If you’ve ever wanted to be part of a city full of great schools, friendly people and available high paying jobs, now is your chance. Come build a new house in a fantastic location and be part of a community that looks forward to welcoming you and your family to a new home,” Mayor Brad Staton said.
Prospective homebuyers and REALTORS® are encouraged to sign-up for the Jagoe Homes’ “New Communities Coming Soon” priority list to stay informed on the following:
- Updates on Community Progress
- Floorplans and Personalized Options
- Pricing
- Available Home Sites
A model home will be built in the neighborhood, and it will also serve as Jagoe Homes’ local office. To stay informed or to sign-up, visit JagoeHomes.com.
Since beginning in 1939, Jagoe Homes has built over 8,000 homes. They are a third-generation, Owensboro-based builder co-owned by brothers Scott and Bill Jagoe. Jagoe Homes has the experience, financial capability, and construction capacity to construct enough homes over the next 10 years to meet the community’s needs.
Conversations started with Jagoe Homes in February 2022 in response to workforce needs. HED worked to recruit a residential housing developer to support housing needs and continue economic growth in the community.
In 2022, HED announced a total of $548 million in investment from new and existing industries:
- Pratt Paper – 320 jobs
- Columbia Brands USA – 175 jobs
- Greenfield – 15 jobs
- Sitex – 30 jobs
- Accuride – 15 jobs
In 2023, so far, HED has announced a total of $40 million in investment from new industries:
- Riverview Coal – 260 jobs
- Henderson Distilling Co. – 12 jobs
To meet the current demands of the workforce, HED launched a “Choose Henderson” talent attraction campaign to attract workforce participants in surrounding areas. Visit https://choosehendersonky.com/ to see job and community opportunities in Henderson.
Henderson Economic Development – Facilitating economic development and job growth in Henderson, KY. For more information visit www.hendersonkyedc.com, or call 270.854.9455.
