Development efforts have continued transferring ahead on an enormous “new urbanism” improvement south of Dayton. The undertaking marks one other rising residential improvement underway within the Miami Valley.
Union Village in Lebanon just lately accomplished building on “The Washington,” a four,000-square-foot residence that includes a wrap-around entrance porch, an condominium above the indifferent three-car storage and considerable area for a house workplace. The house was constructed by Brookstone Properties, considered one of 10 homebuilders concerned with the undertaking.
Shannon Lachenman, president of Brookstone Properties, mentioned the objective is to construct 20 houses a 12 months within the improvement. To this point, the corporate has constructed two.
“There’s a number of good causes to have a housing improvement like this within the area,” he mentioned. “This improvement promotes walkability and camaraderie in the neighborhood.”
Regardless of impacts from the Covid-19 pandemic, the event is gaining traction. There’s sturdy curiosity from the group eager to study extra in regards to the undertaking, with the builders noting there’s loads of people who drive by the world to take a look at the progress.
“This improvement hits each demographic, that is the enchantment of it,” mentioned Matt O’Connor, dealer from Union Village Realty. “We’re excited to deliver one thing that is not widespread to the world.”
The event’s mannequin houses will likely be open this summer season, adopted by the 22,500-square-foot Union Constructing later this 12 months. The constructing is a three-story cornerstone that can home a restaurant, financial institution and company workplaces.
The event, positioned on North State Route 741, is a 1,230-acre grasp deliberate group that can home a 200-acre greenway system of meadows, woodland parks and pathways connecting to Armco Park and the Warren County Sports activities Park.
The event’s townhomes may have a value vary starting within the excessive $200,000s to mid $300,000s. The one-family houses will start within the low $400,000s to low $600,000s.
As building continues, the housing portion of the event is anticipated to take type throughout 20 to 25 phases, spanning over 30 to 50 years, relying available on the market’s stability sooner or later. The goal is to construct 100 houses per 12 months, in keeping with Union Village Undertaking Supervisor Matt Obringer.