Message Board › Note from Oct 19th

Note from Oct 19th

Ryan M
Charlotte, NC
Post #: 74
Meetup on October 19th at Muggs Coffee in Charlotte 3:00-4:30

Attending: Amy, Linda, Dhiajana, Ryan, Marlene, Roger, Chris, Tamera, Lorriane, Joan, Verney, Jessica, and Cate
Roger told us about the land and his co-housing vision. He has owned 26 acres off Robinson Church Rd. for 30 years. The property is adjacent to Charles T. Meyers Golf Course and a wildlife preserve, 10 minutes from the University.
Reed Creek Tributary #2 is one of two creeks on the property, along with a lake. He has developed much of the property into a Japanese Garden, walking trails and arbors. He would like these gardens to be maintained by the co-housing community in perpetuity. The property has access to city water and sewer and natural gas and electricity, however, most if not all electrical needs will be supplied by solar panels.
Because of the layout of the land and zoning requirements, Roger invisions 2 villages of 33 units each. One for seniors would be 4 or 5 stories high with balconies. The second, across a walking bridge, will be single, duplex, triplex or more homes for multigenerational families.
He has hired a lawyer to draw up LLC legal ownership papers (the co-housing community will buy the land from Roger), and he suggests the community establish a co-op so that each family can purchase shares in the co-op equal to the price of their dwelling plus their share of purchasing the common property. If a family wishes to sell their shares, they get the sale price but the community approves the buyer.
Roger has also hired an architect (Joe Monaco) to draw plans in the Frank Lloyd Wright style. Roger has designed the common building. It is a two story (5,000 sq ft. with elevator) spacious public building with expandable rooms, commercial kitchen, outdoor patio suitable as a venue for weddings and other private parties.
Initial estimates for a one bedroom senior unit is $187,000, and for a three room unit $250,000. In addition to this, there will be a monthly maintenance fee to include property taxes.
Roger estimates that if the community agrees to the vision he has been working on, the development could be move in ready in 2 years. If the community wants to develop consensus around a different vision, the process typically takes 5 years.
Notes taken by Cate Vaughan
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