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The project calls for mostly single-family residential homes, but about six acres in the southwest portion of the property is slated to get apartments or assisted living units.
Credit: City of Beavercreek
Credit: City of Beavercreek
The property is valued for tax purposes at $332,550, up from $247,400 estimated value in 2013, according to the Greene County Auditor's Office.
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Design Homes and Development, based in Washington Twp., sent a letter to the city in July indicating they are under a purchase contract with Cedarbrook Flower Farm LLC and requested the property's zoning be changed from agricultural use to residential.
The city imposed restrictions on the project: No more than three dwellings per acre; homes are to be at least 15 feet apart; and lots shall be a minimum of 60 feet wide.
Credit: City of Beavercreek
Credit: City of Beavercreek
There will be two roads into the community, the primary access from Shakertown Road and a second access point will be connected to Newton Drive.
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"This access point is crucial as it also represents a secondary access for a 322-home residential neighborhood which currently only has one ingress/egress point," the city's staff report reads. "This will help alleviate some of the congestion at that one point."
The average price of the homes is expected to be $450,000, according to Randy Burkett, Beavercreek city planner.
Construction will depend on the market, but groundbreaking could begin in April on the first phase and the final phase slated to begin in the fall 2020, Burkett said.
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