Archive for Thursday, January 23, 2003

Townhouses proposed for Lexington Avenue site

January 23, 2003

Two changes may jumpstart an approved multi-family project on Lexington Avenue.

As part of a lawsuit settlement in 2001, the De Soto City Council approved an agreement with the Brady Family Trust that zoned 25 acres just north of the Seldom Rest subdivision as R-3, or multi-family dwellings. Subsequent to that action, the Brady Trust sought and gained city approval to plat the property for apartments and duplexes. Last summer, the city approved a site plan for 228 apartments on the north section.

Last Thursday, the City Council agreed to amend its settlement agreement with the Brady Trust so that townhouses can replace the duplexes that had been proposed for the southern buffer section.

In a letter to the Council, Steve Brady and Don Parr II explained townhouses were not popular and considered risky when the Brady family started planning its development several years back. Since that time, townhouses have become increasingly popular as starter homes and downsizing alternatives for empty-nesters.

The site plan would plat 20 lots for the townhouses with three units each, Parr said. The three- or four-bedroom units will be priced from $130,000 to $160,000, he said.

The townhouses should be a more appealing buffer to the neighbors to the south, Parr said. The units will be individually owned, not rented, and will be sold with a strict covenant that outlines upkeep standards, he said.

It will offer the city more tax revenue and an addition to the housing market.

"It's a niche that hasn't been filled in the city," Parr said.

In the letter to the City Council, Brady and Parr said the apartment project and townhouses needed to proceed in a separate but coordinated manner because of shared infrastructure. Their goal is a mid-summer ground-breaking.

The letter informed the Council that Brady had replaced the project manager with Wood Development Group and "are pushing rapidly ahead. We are already well into the process anew."

Parr said he would provide the city with the details for the townhouses. The Council agreed to refer them to the Site Plan Review Committee, a subcommittee of the De Soto Planning Commission.

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