Bright’s Creek development in Mill Spring, which was purchased recently by the husband and wife team of Alexander Salgado and Gabrielle Barragan of Protex Investment Group Inc., has some changes planned.
According to Frank Weed, CEO of Bright’s Creek, the changes the development is making are in response to changing markets.
“The market today is more interested in a family-oriented atmosphere and amenities geared to kids as well as adults,” Weed said.
The developers also see a market for a smaller, less expensive home option that still offers a full range of amenities, Weed said. To address that market, he said, Bright’s Creek will introduce a new cottage product on Sept. 9. The initial offering in the new line will be 12 ridge-top homes of 1,500 – 2,000 square feet, with prices in the $400,000 – $500,000 range.
One of the new plans designed to appeal to families is the construction of a swim club center, expected to open around Memorial Day of 2012.
Play areas for children, summer camps, fishing contests and other family-oriented facilities and programs are also planned. For the convenience of residents, the developers are also planning to put a general store in the greeter’s cottage.
Bright’s Creek also recently announced that it will not be a host golf course for the BMW Charity Pro-Am Tournament next spring. The development has been one of the three host courses for four years, but Weed said the developers decided they need to focus on their members and community.
Another change that will be under construction in the next year is a road that will give Bright’s Creek residents more convenient access to the Hendersonville area. The road, which will be open to use only by Bright’s Creek residents, is expected to be completed by late spring or early summer in 2012.
Another ownership option that is being developed at Bright’s Creek is a private residence club, a plan that is also sometimes called an equity club. As currently envisioned by developers, Weed said, this option will give owners six weeks of usage of one of Bright’s Creek’s villas for $150,000. These owners will have a deed and will have access to the club and all the other amenities at Bright’s Creek, Weed said.