After almost two years of neglect the L'Hermitage subdivision in Apex is being renovated and renamed by new developers.

The development is now called Olive Chapel Park after being taken over by the GreenHawk Corporation in Raleigh.

Homeowner Catherine Kelly said it's been a long time coming.

"So far my impression had been good and I'm excited they're taking the project over," Kelly said.

Craig Briner of GreenHawk Corporation said they have already knocked down three townhomes that were unsafe, cut down all the weeds and cleaned up the property.

"There were a lot of storm water issues, a fair amount of landscaping and there was mold in the club house and pool," Briner said.

They are also in the process of renovating anything inside the home that was damaged because of the neglect.

Briner said the townhomes will be on the market by the end of the month and the existing homes by mid-December. He said the next step is to build new houses.

Town Planning Director Dianne Khin said they're working with the developers on plans.

"The town has been working with the developers in getting the plan ready to move forward with new buildings," Khin said.

And those new buildings Briner said will be a bit smaller than the original homes like the one Kelly lives in.

Although Kelly said she's relieved and excited to soon see some new neighbors she does have a concern.

"When we bought this house it was the smallest floor plan but now it's going to be one the biggest houses so property value is a concern," Kelly said.

Briner said once completed, the 100 new homes will range from $200 thousand to $400 thousand dollars.

The average cost of the original homes was around a half a million dollars and up.