Monroe officers are taking up ideas for a 491-home intricate that stem from a 2019 courtroom settlement with a team of developers who sued the town for allegedly discriminatory zoning.

A various investor group has a deal to get the mixed 245 acres off Rye Hill Highway and has proposed to construct 300 residences and 191 townhouses on a 91-acre portion. The remaining 154 acres would be positioned in a conservation easement and stay undeveloped, besides for spots set apart for recreation this kind of as ball fields and trails.

The future potential buyers, who fashioned an entity termed Sunshine Brook Associates LLC for the undertaking, have proposed the Rye Hill Protect sophisticated below a special zoning district the city established to take care of the litigation. That zoning lets a qualifying developer to establish much more homes than generally permitted if the homes or apartments are concentrated in a cluster and at least 65% of the land is conserved as open up place.

Topics #developer #Real Estate #Real Estate Agency #Real Estate Biz #Real Estate Sale