Located in Lewes, Delaware and 7 miles from the beach, this 280 home master planned community was placed under contract through a two parcel acquisition strategy. Specifically, two separate purchase agreements were created to segment the acquisition in two parts for the purpose of segmenting liability, and creating a per parcel unit count that avoided time-critical regulatory standards for subdivision. Most notably of these was the avoidance of a Traffic Impact Study (TIS), which is typically a 1.5 year process in Delaware, and is within the critical path of the development timeline.
This project also featured a 170,000 gallon per day private on-site wastewater and disposal system. The level of proposed treatment for the processing of wastewater was such that it would allow for beneficial reuse as spray irrigation along the extensive trail and pathway system within the community. This also allowed for a 100% increase in the density of the project as compared to the original underlying zoning.
The property was placed under contract for purchase in 2003, and after a 3 year approval and permitting period, the contract to purchase the property was sold to an independent developer/investor and is now under construction. Highlights of the project include: