156 Apartments Proposed at The Edge in Harrisonburg on East Market Street


156 Apartments Proposed at The Edge in Harrisonburg on East Market Street
By Scott Rogers • February 7, 2022
The developer of The Colonnade (intersection of E Gay St and Mason St) and Preston Lake Apartments (still under construction adjacent to Preston Lake) is requesting a rezoning to allow them to build 156 apartments in the City of Harrisonburg on East Market Street across from Ciro's. This development would tie in the the eastern end of Franklin Street (which is not directly connected to the main portion of Franklin Street that you're likely thinking about) to East Market Street. Portions of the property are currently zoned B-2 (for business) and portions are zoned R-2 (for lower density residential development) but the developer would like all of it to be rezoned R-5 to allow or this high density residential development. They are also then requesting a special use permit to build apartments in buildings with more than 12 apartments per building. They plan to build 156 apartments in eight buildings -- so almost 20 apartments per building. A few details of note from the proposal... The developer is planning to ensure that 5% of the apartments (approximately eight apartments) are affordable rentals for households with incomes at or less than 80% of the median family income for the Harrisonburg MSA. The developer plans to limit occupancy of the apartments to no more than three unrelated people. The apartments would be limited to 1, 2 or 3 bedroom units with at least 70% of the apartments being either 1 or 2 bedroom units. The developer would have to start construction (or be diligently pursuing it) within 36 months of the approval of the special use permit. The City of Harrisonburg Planning Commission will consider this proposed rezoning and special use permit on Wednesday, February 9th. City staff recommends approving the request with a few conditions. You can download all of the related documents here. Receive Updates by Email Recent Articles: OK, False Alarm, Most Homes Are Still Selling Very Quickly How Quickly Are Homes Selling These Days? Middleburg at Stone Spring, To Include Up To 500 Apartments, Proposed Adjacent To The Reserve At Stoneport A Rough Two Years For Rising Mortgage Interest Rates Home Buying Activity Will Slow But Not Stop Over The Winter Demand Is Likely To Keep On Rising For Contractors And Home Renovators Update On City Of Harrisonburg Townhouse Market Trying To Buy A Home... A Story Of Being All In, Then Bowing Out, And Now Being Ready To Jump In Again Sometimes Upgrade Your Home (Selling And Buying) Results In An Even Larger Upgrade In Your Monthly Payment Despite Fewer And Fewer Home Sales, There Are Plenty Of Reasons Why Buyers Will Still Buy And Sellers Will Still Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Dec 11, 2023 (unless otherwise noted).
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