|An artistic rendering showing the potential style of the houses planned by Banyan Development.|
“We can accommodate a wide range of customization,” says the developer, Mark Schacknies, the founder of Banyan Development Co. He expects prices to start at about $1.2 million.
|The home of William Cox at 6455 Arlington Blvd.|
It’s a by-right project, which means the lot doesn’t need to be rezoned, so there’s no need for a public hearing. The 1.7-acre property is zoned R-3.
A small house on the property built about 65 years ago will be torn down. The homeowner, William Cox, age 94, has lived there for decades and will move in with his daughter this fall, Schacknies says. Rather than purchasing the property outright, Banyan formed a joint venture with Cox. In exchange for contributing the land, Cox will share the profits from the home sales.
Heisey hopes to start construction on a model home in about three months. Additional homes will be built to meet buyer’s demands. All five houses could be completed by the end of 2017.