The Villages at the Streets of West Chester, a condominium development that has been stalled due to the economic downturn, is officially under construction.
The permits for the first group of townhomes (six dwelling units) were recently issued and construction began last week by Ryan Homes. Overall, there will be 60 townhome units (12 building) built in the development. Each townhome is expected to sell in the low $200,000’s.
The preliminary development plan also approved 256 stacked condo units (16 buildings). In total, the entire project is expected to contain 316 total dwelling units in the retail complex located off Interstate 75.
“This project has been an important component in the long-term development and success of The Streets of West Chester commercial area,” West Chester Township trustee George Lang said. “This urban mixing of residential and commercial is important to help our businesses thrive.”
At the latest West Chester Township Board of Trustees meeting, Lang and his fellow board members approved an agreement for the use of tax increment financing not to exceed $500,000 for public improvements to the Villages at the Streets of West Chester.
Improvements that are eligible per that agreement, which have been limited to the street right-of-ways and designated easement areas, include pedestrian pathways (sidewalks and bike paths), street lights, landscaping (including street trees), irrigation system (including fountains, wells and pumps), decorative entrance walls (including wall lighting) and hardscape features and fixtures.
“Due to the economic turndown, this project has been stalled,” Lang said. “It is great for West Chester to see developers now moving forward on this project, further defining the Union Centre area as West Chester’s downtown … This will ultimately lead to greater profits for those businesses, who have invested in our community, and allow them a better opportunity to flourish and prosper.”
(Photo: Artist’s rendering of townhouse condos being built at Villages of the Streets of West Chester)