Condos
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New Condos For Sale at Founders Way in Harrisonburg, Virginia |
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 New condos are now being offered for sale at Founders Way in Harrisonburg, Virginia. These brand new condos, just minutes from downtown Harrisonburg, offer low maintenance living at its best, in close proximity to dining, shopping, the JMU campus and more! Make your selections today for your cabinets, granite countertops, flooring, paint color and more! Condos at Founders Way feature an open floor plan a large primary bedroom suite and a second bedroom or office with walk in closet and attached bathroom, plus a covered porch! Enjoy high-speed internet access and cable service! Find out more about Founders Way by visiting FoundersWay.com.
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Rezoning Requested For 86 Condos on Boyers Road |
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 Randy Cosner (Cosner Investments, LLC) is requesting the rezoning of 5.9 acres of a 10 acre parcel on Boyers Road to allow for 86 condominiums to be built. The property is currently zoned A2, and the proposed zoning is Planned Multi-Family. This would allow for 86 condos with 1, 2 or 3 bedrooms, for a total of 186 bedrooms in four separate buildings surrounding common areas. The full rezoning request can be found here. Here's what the proposed site plan would look like...  Per the rezoning application, the development would be called Locust Grove Village and would "provide a unique living opportunity for those inclined toward the beneficial aspects of community and socialization in a rural setting." Here is a rendering of what the buildings might look like...  A few details from the developer's narrative include... "Specifically, Locust Grove Village will house no more than 86 individual condominiums containing a mixture of 1-, 2-, and 3-bedroom units. Units will be clustered into four buildings of 20-22 units apiece, with a majority of these units having a ‘townhouse' style and appearance. Building ‘corners' will be comprised of six condominium units served by a common entry and stairwell. Each pair of buildings will encircle a central green, with each townhouse-style condo having direct access through their own private courtyard. Half of the corner units will have balconies/courtyards that face the common green (interior), while the other half will face the exterior." "The central greens will be improved with tasteful landscaping (mixture of trees and shrubbery), paved walkways, a central gazebo, charcoal grills, and benches, intended to promote resident interaction and sense of community. If desired by residents, allowances will be made for community gardens, to be maintained by the residents themselves, and thereby promoting a sense of pride and ownership within the community. Pedestrian connectivity between the greens will be provided through walkways and a mid-block crosswalk through the parking area." "In sum, Locust Grove Village is intended to serve a growing desirability for attractive, communal living opportunities within a rural setting. Through emphasis of common areas and promotion of interaction between residents, Locust Grove Village will position itself as the premier condominium-based community within Rockingham County." The Rockingham County Planning Commission reviewed this rezoning request at their January 2019 meeting. Their main concerns, per the minutes, seemed to be:
The rezoning request was unanimously tabled at the Planning Commission meeting. We'll have to wait and see if the request will be reviewed and discussed again, but at this point these condos "might be" built -- because the rezoning has not yet been approved. | |
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Walk through this new condo in Harrisonburg VA |
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 Walk through this new condominium at Founders Way, centrally located in Harrisonburg less than two miles away from downtown Harrisonburg. These condominiums for homeowners are a part of the existing Liberty Square neighborhood providing access to many amenities, including a jogging trail, workout stations, playgrounds and putting area. Each condo at Founders Way features a modern kitchen and an open floor plan, and all residents have access to high-speed internet access and a cable television service. Find out more about these new condos at FoundersWay.com. | |
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The Reserve at Stoneport seemingly one (significant) step closer to reality |
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 Per my prior reports, The Reserve at Stoneport may be one of the first new residential developments close to the new hospital location. Original indications were that The Reserve at Stoneport would consist of 396 apartment homes on 21.8 acres. On the last day of 2013, 11.166 of those acres transferred from the land development company (Stoneleigh Associates, LLC) to what would appear to be the developer who will build this community (The Reserve at Stone Port I, LLC). This 11.166 acre parcel sold for $1,500,000 --- or $134,336 per acre. Click here for a larger version of the map shown above. Click here for the Owners Consent that shows the specific location of these 11.166 acres. The image shown below is a rendering of The Reserve at Stoneport that was available as of October 2012. Stay tuned for updated information as it becomes available.  These were the prior details of The Reserve at Stoneport that are no longer available on the Stoneport web site, but are likely still indicative of the general direction that this development will take....
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THE ICE HOUSE, an innovative mixed-use redevelopment project in Downtown Harrisonburg is officially underway |
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    Local developers, Barry Kelley and Andrew Forward, are at it again -- transforming a downtown structure into an inspiring new space. Some of Barry and Andrew's past projects include City Exchange, Urban Exchange and The Walton Hotel. VISION - Some of the ideas that have been discussed for The Ice House include:
 LOCATION - The Ice House will be a transformation of the former Cassco ice plant located at 217 S. Liberty Street. As you can see, it's not a very exciting sight right now....  ZONING - The City of Harrisonburg has approved a rezoning request for 217 S. Liberty Street and the adjacent building, 115 W. Bruce Street. HISTORICAL TAX CREDITS; GRANT - One of the only reasons that this project is able to move forward is because of the historical tax credits available for the project. INDUSTRIAL REVITALIZATION FUND GRANT - Harrisonburg received a $500,000 grant from the Virginia Department of Housing and Community Development's Industrial Revitalization Fund. This grant is effectively a low-cost loan that will be available for the development of The Ice House. COMMERCIAL TENANTS - Conversations are ongoing, but James Madison University has confirmed that they will occupy some of the space in The Ice House. One of the JMU offices that will relocate to The Ice House is communications, marketing and public affairs. Additional current plans for the commercial space include a restaurant, a mint operation and a yoga studio. SCOPE, TIMING - The transformation of this 80,000 square foot building is estimated to cost $10 million and the aim is to have it substantially complete by the end of 2014. STATUS - A detailed master plan is currently being developed to include 217 S. Liberty Street, 115 W. Bruce Street, as well as a 104-space parking lot on a parcel diagonally across West Bruce Street.  | |
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Founders Way Condominiums: Open Floor Plans, Low/No Maintenance, One(+) Level Living |
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 If you are looking for low-maintenance living under $200K in or near Harrisonburg, primarily on one-level, there aren't many options out there --- or there weren't many options, until Founders Way Condominiums started being built. These upscale condos with an open floor plan feature two or three bedrooms and range in price from $150K to $200K. View photos of a: two bedroom condo | three bedroom condo View more details at FoundersWay.com. Let me know if you have questions, or if you'd like to take a tour of these new condos. | |
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When buying a condo, make sure it's FHA approved |
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Many condo buyers would like to purchase their condo using an FHA loan, and some condo communities are no longer approved for FHA loans. Here's the news from last month....  How might that affect you here in Harrisonburg? Well, one of the newest and most exciting condo communities in Harrisonburg is Founders Way. OK, yes, I do represent the developer and thus might be a bit biased -- but that's what we hear from the people who have bought at Founders Way too! So, if you're interested in buying at Founders Way, can you get an FHA loan?  That's right folks, you can still (quite easily) buy at Founders Way using an FHA loan. So if you're looking for an exciting new condo community in Harrisonburg, look no further than Founders Way, featuring:
 To find out more about Founders Way....
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You'll get a great deal on a Founders Way condo right now, with over $10,000 of builder incentives! |
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 Buyers at Founders Way will currently receive these great promos from the builder:
Buyers at Founders Way are often attracted to:
 Find out more about Founders Way:
Full Disclosure: I represent the Scripture Communities, the builder/developer of Founders Way. | |
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Founders Way Condos are APPROVED for FHA financing! |
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Buying a condo at Founders Way couldn't be any easier! As of this week, Founders Way Condos are approved for FHA financing. These spacious condos have wonderfully open floor plans with 2 or 3 bedrooms, and start at only $149K. Buyers at Founders Way are often attracted to:
Find out more about Founders Way:
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Founders Way Condos Proving Popular With Buyers |
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Full Disclosure: I represent the developer of Founders Way. Harrisonburg home buyers haven't had too many condo options to choose from in the recent past if they actually wanted to live in the condo....
 Now, however, there is a new option in town --- Founders Way Condominiums. The condos at Founders Way feature 2 or 3 bedrooms, and start at only $142,900 (see all pricing). These newly built condos feature upscale kitchens, an open floor plan and spacious master suites -- think hardwood laminate floors, granite countertops, contemporary lighting fixtures, nine foot ceilings, decorative archways and colonnades, etc. Oh, and quite a few of these new condos are selling! The community will eventually consist of 72 condos -- but for now the first building of 12 has been constructed, and the condos are at various stages of completion. Of the twelve condos in the first building at Founders Way....
Let me know if you'd like a tour of Founders Way --- I'd be happy to meet you on site. You can reach me at 540-578-0102 or scott@HarrisonburgHousingToday.com. | |
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Founders Way, New Condo Community in Harrisonburg, Wins Parade of Homes Awards |
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 If you haven't stopped by Founders Way yet to see these newly finished condominiums, you might want to considering doing so this coming weekend during the SVBA Parade of Homes. Founders Way won several awards including Realtors Choice, Best Interior, Best Exterior and Best Overall. But let's give Founders Way some context.... There are lots of townhouses for sale in Harrisonburg priced around $160k, with 1300-1400 square feet. The condos at Founders Way are similar ($160k, 1300-1400 SF) but they have some significant differences.
For more information, visit FoundersWay.com or call me at 540-578-0102 to schedule a time to look at this very new and very exciting product in our market. | |
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Everything Will Sell, At A Price |
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This is a story of quickly rising, and quickly falling real estate values. In Harrisonburg. Despite a relatively stable overall housing market.  Some parents of JMU students buy an investment property for their son or daughter to use a a residence while at JMU, and many of these parents have historically bought condos and townhomes at Hunters Ridge. Let's take a look at sales trends for each over the past several years:  As you can see here, prices of Hunters Ridge condos and townhomes had steadily (sometimes rapidly) increased for many years before arriving in 2009. Last year, Hunters Ridge sales slowed down to a snails pace --- with only one condo sale in the entire year, and only 3 townhome sales. Good news --- townhomes and condos are starting to go under contract again. Bad news --- it's because the prices have dropped very low! At the moment there are 5 condos on the market at the $60,000 price point, which is well below any recent sales price. There are also townhomes on the market for only $70,000. Some conclusions:
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Construction Is Underway On New Condos in Harrisonburg |
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Less maintenance than a townhome, all of the amenities of Liberty Square (and more), one-level living, private entrances . . . . enjoy all of this and more in these 1,300 to 1,800 square foot new condos in Harrisonburg starting at $139,900, built by Scripture Communities.  Click here for more construction photos. Despite snowy weather, construction is moving along quickly at Founders Way. Below is a rendering of the finished product.  The first building of (12) condos will be complete in May 2010 or June 2010, thus making first time buyers for an $8,000 tax credit. PLUS....the builder is offering a free granite upgrade for reservations prior to March 31, 2010. PLUS....the builder is offering $3,000 of closing cost assistance. Find out more at FoundersWay.com, call (540-578-0102) or e-mail me, or stop by the Liberty Square model on Fridays, Saturdays, Sundays or Mondays between 1:30 p.m. and 4:30 p.m. Click here for Founders Way updates via Facebook | |
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New Urban Exchange Photos, Office Hours |
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 Click on the photo above to view updated Urban Exchange construction photos, showing the dramatic progress that is taking place just one block from Court Square. Also, if you'd like to take a tour of Urban Exchange, please either stop by during our office hours, or also feel free to call or e-mail to make an appointment to meet on site: Condo Sales Scott Rogers 540-578-0102 scott@LiveUE.com Apartment Leasing 540-421-9341 info@LiveUE.com Are you interested in living in downtown Harrisonburg? To view the prices/rates while exploring the floor plans, click here.
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Moving On UP at Urban Exchange! |
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 The framing is continuing at a rapid pace at Urban Exchange in downtown Harrisonburg, future home of 196 condos, and 12,000 s.f. of retail space. View more construction photos on the Urban Exchange web site. | |
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Demolition Underway at Urban Exchange |
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Have you driven by Market Street, Mason Street or Water Street lately? Here's what you have been missing --- lots of demolition on the Urban Exchange site . . .  Urban Exchange will be comprised of retail space, and four floors of condos and apartments.  To see more photos, visit: http://www.ueharrisonburg.com/photos. | |
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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