Latest news with #housingdevelopment
Yahoo
37 minutes ago
- Business
- Yahoo
300 homes could be coming to a new subdivision in a Lexington community
More than three hundred new homes could be coming to Lexington soon if a new housing development gets approval from the town planning commission on Wednesday. Meritage Homes is asking the Lexington Planning Commission to approve sketches for a new subdivision on 191 acres along the 300 block of Barr Road. The plans call for 308 single-family homes on lots with an average size 1,746 square feet. The new houses would go on the west side of town, close to the playing fields at the Barr Road Sports Complex, Lexington Presbyterian Church and a facility where school buses are parked. Besides the housing, the new development will include a pool, clubhouse, pickleball courts and multiple fire pit seating areas, according to documents filed with the planning commission. 'The plan also includes a trail system that traverses the length of the property and aligns with a master trail plan being developed for the area,' the documents say. Plans include 73 acres of open space and a 50-foot landscaped buffer along Barr Road. The subdivision will have entrances on Barr and West Main Streets, as well as a rear emergency entrance near the amenities onto Wing Hill Drive. The developers will have to provide the town with a traffic study before work can begin, and the project may require intersection improvements on Barr Road at West Main and Wildlife Road. The area is zoned for residential suburban development, and the plans meet town density and lot size requirements, planning documents produced by town staff say. The new development would include publicly maintained roads with sidewalks, although roads planned to be constructed over existing pond dams in the area will likely not be accepted by Lexington County for maintenance, the report said. The Lexington Planning Commission will consider approval of the sketch plan at an 8 a.m. meeting Wednesday. Solve the daily Crossword
Bloomberg
7 hours ago
- Business
- Bloomberg
Odd Lots: The NYC Landlords Most Worried About Zohran Mamdani
Probably the most controversial proposal from New York City Democratic mayoral nominee Zohran Mamdani is his promise to freeze the rent on a substantial chunk of rent-stabilized units in the city. There are concerns that this will cause a major downshift in housing development and that landlords that are heavily exposed to rent-stabilized units will be driven deeper into distress. But then separately there are major real estate owners who may be threatened by other aspects of Mamdani's real estate vision. For example, he has promised to, in some instances, expedite approvals for new buildings, which could take away the competitive edge from major building owners that know best how to work the approval process. But there are also players in the real estate industry who are excited about new opportunities. If housing production does, in fact, slow down, that could mean higher rent on market-rate units. And if Mamdani significantly expands the supply of free childcare in the city, then that could present an opportunity for some owners of commercial real estate. On this episode of the podcast, we speak with past guest Ben Carlos Thypin, a NYC landlord himself, as well as the founder of the analytics firm Quantierra. He gives us the overall lay of the land on how various players in the real estate industry are preparing for Mamdani's possible victory.
Bloomberg
8 hours ago
- Business
- Bloomberg
The NYC Landlords Most Worried About Zohran Mamdani
Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Probably the most controversial proposal from New York City Democratic mayoral nominee Zohran Mamdani is his promise to freeze the rent on a substantial chunk of rent-stabilized units in the city. There are concerns that this will cause a major downshift in housing development and that landlords that are heavily exposed to rent-stabilized units will be driven deeper into distress. But then separately there are major real estate owners who may be threatened by other aspects of Mamdani's real estate vision. For example, he has promised to, in some instances, expedite approvals for new buildings, which could take away the competitive edge from major building owners that know best how to work the approval process. But there are also players in the real estate industry who are excited about new opportunities. If housing production does, in fact, slow down, that could mean higher rent on market-rate units. And if Mamdani significantly expands the supply of free childcare in the city, then that could present an opportunity for some owners of commercial real estate. On this episode of the podcast, we speak with past guest Ben Carlos Thypin, a NYC landlord himself, as well as the founder of the analytics firm Quantierra. He gives us the overall lay of the land on how various players in the real estate industry are preparing for Mamdani's possible victory.
Yahoo
9 hours ago
- Business
- Yahoo
Plan submitted for new town near airport
Plans to build a new town near East Midlands Airport have been submitted. The long-mooted community, called Isley Woodhouse, could see 4,250-homes, a secondary and two primary schools, shops, hotels, leisure centre and sports facilities built on farmland to the south west of the airport. In planning documents, developers Harworth Group and Caesarea Development Holdings said it could ultimately bring about 10,000 new residents to the area, according to the Local Democracy Reporting Service. It would make the new town the third biggest population centre in the district, behind Coalville and Ashby-de-la-Zouch, if approved. The plans identify land between Isley Walton, Diseworth and Tonge. The application to North West Leicestershire District Council (NWLDC) is for outline planning permission, with a full application to follow if granted. Documents said there would be a "variety" of types and heights of houses, and suggested a mix of detached, semi-detached and terraced houses, as well as apartments. The developers added they believed the new homes would be "in high demand", including by those employed at nearby East Midlands Airport and the Segro East Midlands Gateway logistic park in Castle Donington. Some 30% of the properties would be classed as "affordable". Under the plans, four new access points would be created into the development off the A453, which would be rerouted around the west of the site. NWLDC has earmarked the 781-acre (316-hectare) site for development as part of its local plan. This sets out where the authority can find about 700 new homes a year, up to 2040, to meet predicted population growth. A public consultation is running until Tuesday 12 August with NWLDC setting a target decision date for Friday, 10 October. Follow BBC Leicester on Facebook, on X, or on Instagram. Send your story ideas to eastmidsnews@ or via WhatsApp on 0808 100 2210. More on this story Views sought on plan for new 4,250-home town New 4,500-home town could be built near airport Related internet links Local Democracy Reporting Service Isley Woodhouse North West Leicestershire District Council
BBC News
9 hours ago
- Business
- BBC News
Bid to build up to 300 new houses at Coalville farm
Hundreds of new homes could be built on the edge of outline bid for up to 300 homes has been submitted for the Leicestershire Barwood Development Securities Ltd wants to demolish a number of sheds and barns at Broom Leys Farm, off Broom Leys its place it would like permission to build up to 300 houses around the retained farmhouse and courtyard, ranging from one to five bedrooms, said the Local Democracy Reporting Service. The site would be accessed from Stephenson Way and Broom Leys Road, if dicuments also show two children's parks on adjoining West Leicestershire District Council will consider the outline planning bid, with a full application to follow if it is approved.
