A developer is mulling the proposal of going from fore to 55.
Matrix Development Group of Cranbury, N.J. and Wayne-based Envision Land Use, in a joint venture, are proposing to redevelop Limekiln Golf Club, located in Horhsam, into an active-adult community, writes Natalie Kostelni in the Philadelphia Business Journal.
According to documents filed with Horsham Township, Envision and Matrix have contracted to buy the 209-acre golf course at 1176 Limekiln Pike in Horsham from a partnership that owns the golf club. By right, 135 single-family houses could be built on the property but the joint venture is proposing 475 single-family and carriage houses that cater to people 55 years old and older, according to the developer’s plan filed with Horsham. The developers indicated they will preserve 90 acres as open space.
The developers propose that a conventional development would provide no open space or community amenities and the houses would sell for a minimum of $675,000. Alternatively, an active-adult community would have smaller houses, less traffic, fewer children entering the school district, parks, walking trails and home sales prices between $389,000 and $600,000.
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