Tuesday, November 27, 2012

City to sell California acreage for single-family development

The City of Cincinnati has agreed to a sale agreement with Harbor View Holdings, LLC for the sale of 13.06 acres adjacent to the California Golf Course for the development of approximately 30 market rate single-family homes.

The unimproved property at 350 Two Mile Road will be sold to the Crestview Hills-based developer for $196,000, its estimated fair market value.

Harbor View Holdings has indicated that it is under contract to purchase an adjacent parcel of land at 437 Sutton Road to provide roadway access to the landlocked, steeply sloping property.

The sale agreement allows the developer one year to investigate the feasibility of building upon the land, which was formerly controlled by the Cincinnati Recreation Commission and is currently zoned for park and recreational use.

Previous reading on BC:
Planning Commission approves California land sale for development (8/20/12)