Plans for the first new luxury town homes in the BullStreet redevelopment project will be announced Thursday.

The Terranova Group of Greenville intends to build 28 luxury town homes at BullStreet, site of the former State Hospital. The town homes will be on Calhoun Street, between the historic Parker Annex building, which has recently been remodeled for offices, and the iconic Babcock Building, which is being pegged for apartments.

The development, called TownPark at BullStreet, will be two and three stories with prices ranging from the low $300,000s to the low $400,000s, respectively, said agent Graeme Moore of The Moore Company, exclusive broker for the project. The development is just inside the site’s historic brick wall, a short walk from the Spirit Communications Park minor league baseball stadium.