Governor Douglas today announced that the State of Vermont will be contributing $750,000 in grant funds to a major redevelopment project in Springfield. The grant, made available through the Vermont Community Development Program, will help repair sections of the former Fellows Gear Shaper/PVDC facility in downtown Springfield. The property, largely vacant for several years, is being redeveloped by One Hundred River Street, LLC.“This award will not only help mitigate blighted areas of the former Fellows property, but also pave the way for new job creation, as well as restore an important part of Springfield’s historic downtown,” the Governor said. “This revitalization project is a perfect example of Vermont’s commitment to redeveloping its downtowns and villages as centers of social and commercial activity.”Officials from One Hundred River Street, LLC, anticipate having a significant portion of the site demolition work completed before winter. Once renovations are completed, officials anticipate that the building will be used for office, light industrial and retail space.“The Town of Springfield and the State of Vermont have been vital in assisting us throughout this project and these funds will help us address restoration issues on the site immediately,” said Rick Genderson, who along with John Meekin, is a principal of One Hundred River Street, LLC. Source: Governor’s office. 9.18.2009###
Villa World is reporting strong buyer demand in Thornlands.SELLOUT is expected to be only weeks away at Villa World’s two Thornlands projects in Brisbane’s bayside with local buyers driving the sales.Affinity and Waterline are two developments among five undertaken by Villa World in the area with sales being buoyed by sought-after views of the Moreton foreshore.Villa World development manager Peter Johnson said there had been consistenly strong sales at Waterline with only 11 lots remaining.“We are selling on average eight properties per month,” Mr Johnson said. “With the Waterline demographic largely comprising Redland Bay locals who are looking to downsize to an area close to shops and transport.”Set to be home to around 230 families, Villa World is expecting Waterline to sell out by the end of March or early April at the latest.The residential community offers house and land packages as well as land-only options.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoEstates in Thornlands are in high demand.Affinity is also nearing sellout with only 20 lots remaining of its 118 up for grabs.Affinity development manager Andrew Ashwood said the development offered elevated lots in a natural bushland setting.“We are into the final stage of this development which is in a highly sought-after location with limited availability,” Mr Ashwood said.“Affinity offers prestigious, elevated land, giving buyers great options to build their dream home.” Young families local to the area have been snapping up the majority of sales at Affinity with lot sizes ranging from 300sq m to 697sq m with a starting price of $299,000.The developer’s latest project in the Bayside region is Seascape at Redland Bay, where townhomes just 650 metres from the water’s edge, are now selling from $445,000.