Old Trail Village
Old Trail Village is a planned mixed-use community created by the Beights Corporation that is under construction in Crozet. Old Trail includes multiple sections built by multiple builders, a golf course, a shopping village and other amenities.
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Background
Old Trail was approved by the Board of Supervisors in September 2005 with approximately 25,000 square feet of mixed commercial use, and 250,000 square feet in other commercial uses.[1]Over 2,200 potential dwellings are possible[2].
Old Trail is owned by Jay and Suzanne Jessup as well as Gaylon and Justin Beights. The Beights retain a financial share in the project but are no longer active partners. The Jessups hired Manchester Capital Management LLC in May 2012 to revisit the master plan. Old Trail has a total build-out of 2,200. [3]
A senior living facility called the Lodge at Old Trail was opened in May 2012. [4] [5]
Sales
In 2009, the developer of Old Trail reported $18.9 million in sales, a 29% increase over the previous year. [6]
In 2011, the Beights Corporation sold 84 homes for a total of $37.3 million in sales. [7]
References
- ↑ Web. [http://www.albemarle.org/upload/images/forms_center/departments/community_development/forms/PC_Reports/COMP_PLAN_UPDATED_10-11_STAFF_REPORT3.pdf CPA 2013-00001 COMPREHENSIVE PLAN REVISION Part 2: Trends], Table 6: Residential Units Approved through Rezonings and Special Use Permits, County of Albemarle, September 28, 2011, retrieved October 11, 2011.
- ↑ Web. Crozet Master Plan, Chapter 3, October 13, 2010, retrieved October 18, 2010.
- ↑ Web. New Management Takes Over Old Trail Development, Mike Marshall, Crozet Gazette, Crozet Gazette, June 7, 2012, retrieved June 12, 2012. Print. June 7, 2012 .
- ↑ Web. About the Lodge, The Lodge at Old Trail, retrieved September 16, 2011.
- ↑ Web. Flag Raising Ceremony Marks Opening of The Lodge, Mike Marshall, Crozet Gazette, Crozet Gazette, June 7, 2012, retrieved June 12, 2012. Print. June 7, 2012 .
- ↑ Old Trail Village, Annual Report, December 2009. Rep. Web. <http://www.oldtrailvillage.com/images/pdfs/OTV%20Report%20Annual_Release.pdf>.
- ↑ Web. 2011 home sales up in Crozet's Old Trail Village, Nate Deseline III, Work It C'Ville, Media General, February 8, 2012, retrieved February 9, 2012.