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Darin Norman, co-founder of Groove, said there could have been far better transparency during the city’s re-evaluation period. He said he was not able to reach city staff between Feb. 15 and April 9, when he learned the bid would be rejected. City staff anticipate bringing the bid rejection to City Council in late May or June, Sterne said. In an April 9 email to residents, Sterne wrote that the city will request proposals from qualified real estate brokers to lead the new sale process. Residents on the affected streets — who have often been at odds with the neighborhood association — also pushed for the city to demolish the Western Avenue home to create three full lots of green space. They drew attention to how the Groove sale would impact property tax values on surrounding homes, Moody said.
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Fort Worth ditches deal to sell flood-prone Arlington Heights homes. Here's the new plan - Fort Worth Report
Fort Worth ditches deal to sell flood-prone Arlington Heights homes. Here's the new plan.
Posted: Thu, 25 Apr 2024 21:34:57 GMT [source]
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The remaining house, at 2213 Western Ave., will be demolished, similar to the vacant lots on either side of it. City officials will maintain the lots as permanent, floodwater-absorbing green space as required by a federal grant. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs. Neighbors had already waited 2.5 years for the city to put the properties on the market, as it promised it would do in February 2021, she said. The city’s reversal is the latest chapter in a decades-long debate over how to reduce catastrophic flooding in Arlington Heights. Residents, divided over the best path forward, are now wondering what comes next for the historic neighborhood.
Fort Worth ditches deal to sell flood-prone Arlington Heights homes. Here’s the new plan
By clicking SUBMIT, I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means about real estate services,and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy. As neighbors await a council vote in the coming weeks, Norman hasn’t ruled out another bid on the homes.
Jennifer Moody was among the homeowners who raised alarms about the bid process and called for the city to reevaluate during a February meeting with Hill and city staff. Moody, who lives across the street from the city-owned homes on Western, originally supported the detention pond plan. With that option off the table, she advocated for the city to sell the lots one by one. There are currently 128 new listings for sale in Arlington at a median listing price of $800K.
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Most homes for sale in Arlington stay on the market for 28 days and receive 2 offers. Popular neighborhoods include Glover Park, Adams Morgan, Williamsburg, Georgetown, Northwest Washington, North Rosslyn, Woodley Park, Dupont Circle, Ballston-Virginia Square, and Clarendon-Courthouse. This map is refreshed with the newest listings in Arlington every 15 minutes. Groove Improvement and neighborhood association leaders have their own concerns about how the city handled the bid process between January and April.
Coldwell Banker Realty and Guaranteed Rate Affinity, LLC share common ownership and because of this relationship the brokerage may receive a financial or other benefit. You are not required to use Guaranteed Rate Affinity, LLC as a condition of purchase or sale of any real estate. Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC. With two homes already demolished for green space, the city put the remaining nine houses on the market last fall. Staff anticipated they would receive multiple bids, said Linda Sterne, a spokesperson for Fort Worth’s stormwater management department. Groove Improvement submitted the sole bid in December, agreeing to meet the city’s requirements for redeveloping the properties.
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Lori Murray-Bosken, president of the Arlington Heights Neighborhood Association, said her board was very excited about Groove’s proposal, believing Norman couldn’t be “more perfectly suited” for the project. The association is concerned about how the city treated Groove, which invested significant time in financing and design, Murray-Bosken said. Ultimately, the city must pursue a solution that protects people and their homes from safety risks related to flooding, said City Council member Macy Hill, who represents the area.
Five years ago, the city began buying homes on Western and Carleton avenues with plans to raze 11 houses and create a detention pond capable of capturing floodwaters during heavy storms. Coldwell Banker Realty can help you find Arlington homes for sale, rentals and open houses. Refine your Arlington real estate search results by price, property type, bedrooms, baths and other features. View our Arlington real estate offices and let us help you find the perfect property.
In addition to selling the homes individually through a real estate broker, city officials are also adjusting requirements that developers must meet to purchase the homes. Following the announcement of Groove’s proposal in January, residents, city leaders and other developers interested in the properties shared several concerns about the bid process, Sterne said. Some said there were too many unknown factors about the homes and there was not enough time to understand how those factors would affect a complex, risky redevelopment project. Others said preparing bid documentation was too much work if the properties were sold together.
She confirmed that the city believes the new process will result in higher purchase prices for each home. Once the broker establishes each property’s value and lists it, offers will be accepted for 90 days and city staff will consider the highest bid on each. Officials will host a public meeting about the project’s next steps in June, Sterne told residents.
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