Changes sought for Greenfield condos
More added, some smaller units requested for development
Greenfield — The really high-end condominium market might not have sprung back after the housing market crash, but the market for condos in the $185,000 range might be doing better, and Ener-Con Companies, Greenfield, is ready to bet a lot of money on that.
In 2007 before the housing and credit crash, Ener-Con won city approval for its Greenfield Highlands condominium plan at 10925 W. Cold Spring Road. It put in all the infrastructure and storm basins but then the bottom dropped out of both the housing and the credit markets, hitting condos especially hard, and the condos were not built.
But now, Ener-Con sees daylight and wants to go forward, asking the city of Greenfield for permission to increase the number of condominiums from the original 156 to 180. It wants to make the units smaller and add one-bedroom units so the price can be a lower at $185,000, Ener-Con officials said.
They wrote to the city: "Decreasing the unit size will result in a lower average selling price for potential buyers, which is ideal in today's market."
The company would like to start construction early next year, if the Dec. 3 hearing goes well and city approvals come.
The condos would still be in six three-story buildings. Although smaller than proposed in 2007, nearly three quarters of the units would be 1,370 to 1,605 square feet and offer two bedrooms and 2.5 baths. The 18 one-bedroom units with dens would be 1,082 to 1,095 square feet and the 36 one-bedroom units would be 935 to 938 square feet. The original proposal called for no one-bedroom units.
The development will still have a clubhouse and a swimming pool.
The savings to keep the prices down to $185,000 would come not only from making the units somewhat smaller, but having one design for all six buildings. That would create construction efficiencies.
Even though the number of units will be higher, there still will be enough parking as called for in city codes, much of it underground.
— Jane Ford-Stewart
WHAT: public hearing on revised Greenfield Highlands condominium proposal that adds one-bedroom units and reduces the size of units
WHEN: 7 p.m. Dec. 3
WHERE: Greenfield City Hall, 7325 W. Forest Home Ave.
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