By: Paul Dionne | Vizzda.com
April 7th, 2014 — a 43.5 acre parcel of land
south of the southeast corner of 24th Street and Southern Avenue was
acquired last week for $4,019,440 or $92,400 per acre. The buyer was Joel B
Kramer of CBIZ in his sole capacity, in care of Scott Ward. Currently a plant
nursery doing business as Waldron Farms, the site is undergoing planning and
zoning approval for a 96-lot subdivision called “Versailles Des Jardin”. The
new owners had previously acquired the adjacent 2.43 acres to the north for $223,250,
roughly the same valuation as the larger portion on a per square foot basis.
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| Future site of Versaille Des Jardin |
The assemblage totals 48.17 gross or 45.88 net acres, zoned MUA. The
subdivision will be comprised of a mix of 140’ x 90’ and 150’ x 90’ lots with a
maximum allowable density of 2.0 units per acre and a minimum gross open space
of 12% or 5.78 acres. A preliminary meeting was held on August 19th,
2013 and approval of the Preliminary Site Plan was afforded an extension on
September 10th, 2013. Once the Preliminary Site Plans have been
submitted and approved, the submittal will be subject to a Planning Hearing
Officer (PHO) case, at which time approval or rejection of the specific
elevations will take place and the builder (pending approval) can begin
applying for permits.
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