Is it a sign that we are on the road to recovery? A local company is starting to build new upscale townhomes at Tetherow Resort this month in Bend. Marketing Director for Arrowood Development, Femke van Velzen says the first phase will consist of 22 homes. The homes range in size from 2100 to 2700 square feet. She says it’s part of a trend in smaller sized homes. “It really is. It’s a product that has very nice amenities but it's a slightly smaller footprint. People are really moving away from the McMansions and we're catering to people are really looking for a second home that's kind of carefree and low maintenance. And also people that are baby boomers and looking to downsize." The new development will be named Tripleknot Townhomes and are part of an overall master planned community of Tetherow in Bend. Prices for these townhomes will start in the high $400,000's.