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The developers of The Village at Quarterpath ( Wermers Development) are seeking to increase the density of the project from what was initially approved.
In it’s initial approval by the City of Williamsburg The Village at Quarterpath was to have a total of 77 dwellings. The number of homes in the Village at Quarterpath would expand by 55% beyond what’s been long approved. To sweeten the deal, proffers will provide some affordable housing. This would have been comprised of 41 detached homes and 36 town homes. Since the downturn in the real estate market they are now requesting approval to build a total of 122 dwellings this being comprised of 6 detached homes, 36 duplexes and 77 town homes..
The developers are also seeking a zoning change from the RM-1 district, which allows eight units per acre, to RM-2, which allows 14.
“Due to uncontrollable economic and real estate market conditions, we now find it necessary to reposition this community,” wrote L&B Quarterpath LLC, the development company, in its application for the change.
Proffers proposed by Wermers Development would cap the rentals at 20% and stipulate that 10% of the units will be sold for less than $220,000. The city earlier exempted Quarterpath from affordables.
Prices being porposed by the developer are to average sale prices of a townhouse at $250,000 and their size from 1,350 to 1,710 square feet. The new plan calls for smaller front and side yards than are typically required in the RM-2 zoning district.
This informational update provided by Mr Williamsburg.com/ John Womeldorf . A local Realtor assisting home buyers and sellers in the Hampton Roads and Williamsburg areas of Virginia.
Contact me at John@MrWilliamsburg.com
Research the area at www.WilliamsburgsRealEstate.com
Or ask any questions about homes, neighborhoods, schools, amenities, recreation , shopping or anything else about the area.
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Filed under: New Homes Williamsburg Virginia | Tagged: hampton roads real estate, Real estate, Town homes, village at quarterpath, williamsburg new development, williamsburg va broker, williamsburg va real estate agent, Williamsburg Virginia Real Estate new development const |
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