I talked to someone in-the-know last night about Richland. He said there were some delays, the latest being an issue over bringing water into the site. But that is settled and there should be building this spring.
It doesn't look good to me, of course I'm not in the real-estate industry. But the housing bubble apparently is bursting. Since that was more of a East/West coast phenomenon, it may not be an issue. But I wonder if the moneybags behind the project might grow reluctant.
Also, the source said that the plans are being altered to increase the lot size. If true, it supports my skepticism that this area, or more precisely, this area's leaders do not have the foresight required to implement true TND development. Richland's predecessor, "Recession" or whatever it's called, was supposedly TND, but in reality is just a bunch of cheaply built townhomes close together. It has none of the ambiance like that of http://www.NewTownAtStCharles.com.
It doesn't look good to me, of course I'm not in the real-estate industry. But the housing bubble apparently is bursting. Since that was more of a East/West coast phenomenon, it may not be an issue. But I wonder if the moneybags behind the project might grow reluctant.
Also, the source said that the plans are being altered to increase the lot size. If true, it supports my skepticism that this area, or more precisely, this area's leaders do not have the foresight required to implement true TND development. Richland's predecessor, "Recession" or whatever it's called, was supposedly TND, but in reality is just a bunch of cheaply built townhomes close together. It has none of the ambiance like that of http://www.NewTownAtStCharles.com.


