Madison-based Veridian Homes, the state’s largest home builder, plans to build a 137-home subdivision in Menomonee Falls.
The subdivision development, which will be called Silver Spring Estates, will be built on a 105-acre site that is formerly part of Lied’s Nursery and is located along Town Line Road, just east of Hamilton High School and west of Silver Spring Golf Club.
The development will have an estimated value of $58 million upon completion, according to Veridian Homes.
“The time is right to begin the next phase of growth for Veridian Homes,” said David Simon, President of Operations at Veridian Homes. “We have always upheld a strong commitment to community. From neighborhood centric building and parks to land planning, habitat restoration and water conservation, we’re committed to the land we develop—beyond the quality homes we build on them. Rest assured, we’ll maintain this philosophy in Menomonee Falls.”
The Silver Spring Estates neighborhood will consist of 137 homesites, with sizes ranging from 11,700 to 44,600 square feet. A number of the planned homesites will back up directly to the golf course at Silver Spring Golf Club.
Home and lot packages are expected to range between $300,000 to $600,000 or more.
“Silver Spring Estates is going to be a magnificent community that will only add to Menomonee Falls’ small town charm”, said Simon. “We realize that we’re building our neighborhood in ‘Wisconsin’s Largest Village,’ and we want to ensure that we’ll preserve that feeling here.”
Veridian Homes plans to maintain the character of Lied’s Nursery, which was once a tree nursery with rolling topography. They plan to transplant existing trees whenever possible. An un-named tributary to the Fox River surrounded by an environmental corridor will be preserved as a recreational amenity, three storm-water retention ponds will be added and walking paths will also be developed.