BEAVERCREEK, Ohio (WDTN) – A proposed housing development wants to give retirees a home without the burdens that come along with it.
Redwood Aquisitions has plans to build roughly 240 single story, high-end rentals off Grange Hall and Shakertown roads each with their own attached garage.
“It’s really more like a condo development than like an apartment development,” says Beavercreek Associate Planner Sandra Pereira.
We called Redwood Aquisitions to ask about the development.
The company’s president says they’ve been doing developments like this one around Ohio for the last decade.
They believe there is a demand for this kind of housing.
We asked local real estate agent David Roth what he thinks the development’s impact could be.
“I believe whatever we have coming into the Beavercreek area is going to be good,” Roth says. “The real estate market seems to be very busy right now.”
The development could be a plus for Beavercreek schools, adding to the property tax base but with retirees as the target market not adding many more students.
Roth says stores could benefit as well.
“That many homes being filled is going to mean more people to shop,” Roth says.
Right now, the property is owned by the Miami Valley Research Park but is largely just fields.
“It’s been declared excess by the research park so that’s why they’re selling it,” Pereira says.
The Beavercreek Planning Commission is expected to meet Wednesday night to talk about plans for the development.