• Click Here to Subscribe to Email updates

  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
  • RSS Colonial Williamsburg News

    • An error has occurred; the feed is probably down. Try again later.
  • Flickr Photos

  • Advertisements

New Kent Developer Says It Can Make It

New Kent VillageA fledgling real estate development in New Kent County, VA is taking a gamble that’s rare these days.

New Kent Courthouse Village, a stalled $30 million mixed-use development modeled after a traditional English village, requested to have its Chapter 11 bankruptcy protection dismissed last month, saying it can work out new terms with its lenders and keep the project alive on its own.

Developer Grosjean “John” Crump put the project in Chapter 11 in September to prevent a foreclosure by one of its lenders.

Now with the development out of bankruptcy, Crump said last week that he was making proposals to the project’s three main lenders to refinance million in loans.

019“Hopefully we can get this project moving again,” said Crump. “We worked it out with two [lenders] and have one more we’re working with now.”

Crump, New Kent County’s former commissioner of the revenue, started working on the venture eight years ago. The project stalled after it ran out of money and was unable to obtain new financing to keep it going.

 

More of the story here

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: