The Ponds

The first impression of The Ponds is one of a quiet, peaceful setting marked by two established ponds, open space, and mature trees giving the 13.88± acre property the feel of a rural retreat. Located just south of Cooks Hill Road, the property creates a natural setting where a distinctive residential community can take shape. The Ponds blends the serenity of a rural setting with the convenience of nearby amenities such as Providence Centralia Hospital, shopping, restaurants, schools, and Interstate 5 only minutes away.

The Ponds is a paper-lotted, 42-unit townhome PUD approved by the City Council in February 2023, with substantial civil engineering, utility, stormwater, environmental, geotechnical, landscape, traffic, and infrastructure planning completed. Final signatures and the engineering permit were intentionally deferred so a buyer can control the timing of the City’s one-year construction window. To move the approved 42-townhome plan from paper-lotted to shovel-ready, the purchaser will need to complete final platting, obtain final civil signatures and applicable engineering permits, satisfy remaining PUD and utility requirements, post any required bonds or securities, obtain construction and building permits, and pay applicable impact and connection fees. An existing residence provides interim rental income during the entitlement and pre-construction period as well as potential conversion to a community clubhouse or shared resident amenity space.

The property also offers meaningful flexibility. R-4 zoning allows single-family residences, duplexes, and townhomes at densities up to four dwelling units per acre. A revised full-dispersion stormwater design eliminated the former detention facility, creating approximately 1.5 additional developable acres outside critical-area buffers. A later concept evaluated approximately 52 townhomes, subject to PUD amendment and City approval.

A buyer could also pursue a townhome/single-family mix or reposition the project as a single-family residential PUD. A lower-density plan of 30 or fewer homes may also eliminate the secondary access requirement, subject to City approval, potentially reducing roadway and infrastructure costs. The result is a development opportunity that combines a tranquil setting, substantial completed work, and the flexibility to pivot to the needs of the current market.