Construction zone to clear for Street of Dreams
EDMOND — A sign ahead indicates no speed bumps, sharp curves or chicanes in the way for upscale housing:
It says “Street of Dreams” and this year it’s at The Falls, Caleb McCaleb and Jeff VanHoose’s new neighborhood in wooded northeast Oklahoma City, Oct. 13-28.
“This year,” the Street of Dreams comes after last year and the year before, which is unusual for the occasional tour of luxury homes.
For enough builders to dare to build upscale speculative homes for the event three years in a row shows strength in the luxury market, McCaleb said.
He said he last participated in 2006. The event was set aside for nearly a decade after the 2007 housing crash and Great Recession.
“It’s a lot more risk for the builder,” he said of the eight homes on the tour, which range in price from $1 million to $1.5 million. “You can’t do Street of Dreams unless you have big, fabulous homes.”
People will be impressed by the work that went into the homes and the neighborhood, said Rusty Appleton, executive director of the Central Oklahoma Home Builders Association, the organizer.
“I am thrilled at how each
builder has pushed the limits of design, style and technology. I hope anyone interested in new homes, the latest features, or high-end furnishings will come to this one-of-a-kind home tour,” Appleton said.
McCaleb said visitors from near and far will see the latest and greatest in upscale features and luxury amenities.
Out-of-state buyers, in fact, are lending strength to demand for homes in the Lake Arcadia area. The Falls is on the southeast corner of NE 150 and Post Road, less than a mile from the lake.
McCaleb said people from out of state are buying
upscale homes and living here part time, attracted by a slower tempo and the bigger bang they get per buck spent on Oklahoma housing.
A million dollars doesn’t buy luxury everywhere.
The 16-day Street of Dreams, organized by the Central Oklahoma Home Builders Association, is sponsored Pella Windows & Doors of Oklahoma and Harry’s TV,
Video and Appliance.
Eight homes will be featured, all but one on Cascade Drive in The Falls.
There would have been nine, but a home under construction by Rader Building Co. accidentally burned down in July; Rader nonetheless will be at the event.
The 2018 Street of Dreams builders are: Adams Kirby Homes, Gibbs Hancock Luxury Estates, Integrity Fine
Homes, MassaRossa Luxury Homes, Matteson Custom Homes, McCaleb Homes, Ripple Creek Homes, Tim Hughes Custom Homes.
The Children’s Hospital Foundation will receive 20 percent of ticket revenue.
The event will also feature luxury autos from Mercedes-Benz of Oklahoma City, food trucks, and family activities. Special attractions will include “Trick-or-Treat at the Street” presented by Oklahoma Natural Gas.
Tickets are $20 in advance at www.street ofdreamsok.com or at Harry’s TV, Video and Appliance, 11110 N Pennsylvania Ave.
Tickets will be $25 at the gate. Kids 12 and under get in free.