More 55+ coming to Bucks County?
News flash! Inventory is low! As I am sure you have heard, inventory is very low in our area. The demand for homes for sale is high. The same goes for 55+ communities. There is a high demand for 55+, yet so little come on the market. The market for 55+ communities has skyrocketed over the past 3 years especially. Many communities see 1 home every 6 months to 1 year come on the market. Then those homes sell within a day with multiple offers. Many of our local 55+ communities are increasing in age. As the homes grow older so do the homes systems and interior amenities. Most 55+ buyers today want the home to be up to date. Buyer's generally do not want to move and have to update a home. They want move in condition.
So many buyers turn to new construction homes because then they can have the home built to their needs and wants. 55+ builders recognize this trend. Yet, land in our area is at a premium. So where do you build? We are running out of space. McGrath has seen a great response to the new 55+ community they are building - St. Josephs Court. It is a more affordable new construction 55+ community in Falls Township. In response to the great response they are seeking out new land and have proposed a new building site for a new 55+ at a long forgotten, Church owned parcel once used as a landfill. For more details see more in this article the Courier Times put out earlier this week:
Following diligent review and questions from the Falls Township Board of Supervisors, the governing body granted conditional use approval for an age-restricted community to be situated on a portion of the former St. Joseph the Worker parcel.
The 18.17-acre property, which is located at 9172 New Falls Road, is zoned institutional and could be developed as a school, worship site, or hospital. The board’s conditional use approval allows for “some control as a community,” according to Chairman Bob Harvie. Conditional use provides for certain development types when specific conditions are met.
As proposed, the development would consist of 62 townhouses, a 2-story apartment building with 24 units, as well as 14 flats, which the developer described as a 1-story unit stacked on top of another unit. Housing would be limited to individuals aged 55 and older. Townhouses would have garages and an additional 132 parking spaces, as well as overflow parking, would be included throughout the community.
Developer John McGrath told the board that flats would be owned by occupants and be approximately 1,200 square feet with two bedrooms and two full bathrooms. Apartments would be rented and would have either have one bedroom, one bedroom and a den, or two bedrooms.
The development, which will be called St Josephs Court, would be run by an association. Residents would be charged monthly fees to cover snow plowing, landscaping, trash removal, maintenance and road repairs.
In short, the new development would not pose any financial impacts to the township or existing taxpayers.
“The residents themselves will be responsible for the plowing and the upkeep,” Harvie said of the proposed development and the people who will eventually live there.
Supervisor Jeff Boraski said he was happy to see the project continue, but voiced concerns over traffic problems associated with the development. “I live there,” Boraski said. “There’s no way that intersection can handle one more car.” Thomas Heckler, an attorney for McGrath Homes, said his engineer would relay Boraski’s comments to PennDOT and acknowledged that road upgrades would be needed.
Chairman Harvie told the applicant that he was concerned about the creek running behind the property and past flooding issues. Project engineer Mark Havers said he is working with Falls Township’s engineer, Jim Sullivan, to reduce the amount of stormwater runoff. Currently there is no stormwater management system in place, he said.
Plans also call for the community to include a clubhouse to be used for social events and gatherings.
The development would have two primary entrances and a third entryway to be used only by emergency vehicles, officials said. Heckler assured the board that the aesthetically pleasing brick community accented with black wrought iron pillars would be a welcome addition.
“Everyone can feel good about the way this is going to look,” Heckler said. “We think it’s a good fit for the community.”
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Carol Swain. A senior real estate specialist with 25+ years of experience in the real estate industry.