Joe, yes we did accept an offer from Insight Homes who is a big player in the Delaware new home market. This is a good sign for Wicomico County as the Insight Builder consultants seem to like what they see in our marketplace. This is especially good for the owners of Heron Ponds (the stakeholders) because it will allow us to focus on the commercial development of Heron Ponds. There are still 3 phases in this project including 36 duplex units in the woods, 20 acres of R4 development land, the Amphitheater site and 30 acres of commercial land that is slated for medical/mixed use commercial. These commercial improvements won’t happen overnight, but the Insight transaction helps us “dust off” the file.
Insight has home building down to a science and I am very satisfied with the terms of our new relationship!
Their new model home will be built in November at the entrance of the subdivision!
Hopefully this will prove to be a boon for Delmar property values in the near future.
ReplyDeleteI could see this happening on the Delaware side. Building in Maryland will remain stagnate until many restrictions in building codes and permits are deleted.
ReplyDeleteGOOD! Then I can get a good nights sleep.
ReplyDeleteWhere is this location? Wish it was in Delaware.
ReplyDeleteIT is on route 54 or known as Line road... It is on the right side of 13 if you are at the light with the new wawa in Delmar... just passed the business called "THE BARN"
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