Friday, July 5, 2013

Amendment allows sale of land for expansion of Virginia Place

Cincinnati City Council on June 19 approved an amendment to its sale agreement with In-Line Development Company affiliate Virginia Place, LLC that will allow for the creation of additional buildable lots at Virginia Place in Northside.

The amendment, the third between the City and the 2012 CitiRAMA home show developer, provides for the sale of an additional 0.94 acres of City-owned property. Consisting of 12 parcels, 0.77 acres of the sale comes from excess land from the Colerain Avenue road improvement project, with the remainder coming from Washburn Street and a portion of the Carlin Street right-of-way.

The property will be sold for $44,380, less than its estimated fair market value of $61,000.

Virginia Place, LLC plans to dedicate at least 0.1 acres to green space, for which the City will reimburse it $5,000.

As many as 50 homes eventually could be built at the site, which was cleared of houses nearly 40 years ago for the Colerain Connector road project. The roadway which would have linked I-74 with Hamilton Avenue, but a grassroots effort by neighborhood leaders successfully shut down the plan.

Previous reading on BC:
11th Citirama home show open in Northside (9/10/12)
Cincinnati approved appropriations for Colerain project (6/20/08)
Ordinance would appropriate land for Colerain-West Fork project (6/12/08)
Council to acquire property for Colerain-West Fork-Virginia improvements (10/29/07)
Northside: Colerain-West Fork-Virginia improvements (4/11/07)