HOLLAND — Another large West Michigan company announced yesterday it is moving south, only this time it’s not in search of cheaper labor.
Bosgraaf Homes of Mississippi, a subsidiary of Holland’s Bosgraaf Homes, will begin work on a 2,200-home, 2,200-acre master-planned community next month in Madison, near Jackson.
This is the first foray into the national market for the 25-year-old company and its first venture outside of the West Michigan area.
“The economy in Mississippi is on a definite upswing. Major manufacturers and other employers are moving into the area and there is a pent-up demand for quality-built, innovative housing,” said Mike Bosgraaf, president of Bosgraaf Homes. “At a number of different levels, this is a perfect fit for our company.”
Groundbreaking for the first of several planned neighborhoods within Reunion — the 1,100-home community in the first phase of the development — is May 1. The project schedule calls for model homes and some inventory homes to be complete and available for sale by Sept. 15.
The creation of Bosgraaf Homes of Mississippi is part of a $330 million deal to develop the property, and will lead to the creation of five new jobs at the company in Holland, and eight new jobs in Mississippi.
The first phase of the Bosgraaf development will feature single-family ranch homes priced from the $250,500 to the $350,500.
Soon after, Bosgraaf will construct a neighborhood of larger single-family homes. Also planned is a moderately priced neighborhood geared toward first-time homebuyers.
Bosgraaf is currently developing 10 master-planned communities in West Michigan and also will begin development on a separate project in Mississippi.