Construction of Condominium Development Continues

February 16, 2011 / Russell Legato, Residential Property Analyst

A condominium development project near a community northeast of South Bend in St. Joseph County — Notre Dame in Indiana has received a go signal to increase the number of condo units built in the development. The condominium development — Legacy Square is originally been proposed as a luxurious single family development in 2007.

Construction of Condominium Development Continues

Inline with condominium activities in Indiana, an adult condominium development in Burlington County, New Jersey, has resumed its construction activity as the market for residential properties stabilize. The developer, J.S. Hovnanian & Sons, continues the construction for the condominium project after two years.

Because of the economic decline, the developer shifted the projected into a condominium development. Some of the residents in South Bend were upset with the construction of the condominium development, when the project began catering as group housing for university students.

The residents said that the issue regarding the “students” rose when the developer changed the project. According to the Northeast Neighborhood Council’s president, Bill Stenz, they are not against the students in the community for there are students around, but they are not in favor of the concept of “group housing”.

A board member on the Northeast Neighborhood Council, Luella Webster, neighbors in the community are only against the party’s and the drinkings, which will be too rampant in the area when many off-campus students living in the neighborhood.

The final site plan for the condominium development was denied by the Area Planning Commission in 2010, but on Tuesday, February 15, 2011, commission approved the plan unanimously.

A compromise agreement is been signed by both parties — the owner of the condominium development promised not to rent condo units in the project, according to the attorney that represent Legacy Square Development.

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