‘Talks Are Underway’ Four Howard Properties Spark Builder Interest

‘Talks Are Underway’ Four Howard Properties Spark Builder Interest Four substantial residential properties are in play right now in Howard County, all moving toward negotiations with potential buyers or builders.

Between them, the four properties amount to nearly 500 lots, most of them singles, and all yet to be developed. First, Greenfield Partners has the answers to its offering of 184 units on the former W. R. Grace and now ‘Simpson Oaks’ property off Route 32 in Columbia. Sources believe the developer has already culled the 15 or so responses down to a short-list and is working toward selecting a finalist. The top bidder gets 103 singles and 81 townhouse lots. Fraser Forbes Real Estate is handling the brokerage. Next, the Silver Spring-based owner of Patapsco Park offered some 195 singlefamily lots on the north side of Route 99 at Route 29. This is the property that was deeded back to the original owner after the State Highway Administration shelved plans for a highway and deemed the ground surplus. A partnership that is the lead contender is said negotiating to acquire Patapsco. NAI Michael is handling the disposition. Simpson Oaks, Tierney, Patapsco Park and Westmount are all in play. Third, sources believe the Enclave at Tierney Farm, located on Guilford Road, is likewise in negotiations with a builder buyer. Tierney is 150 single-family lots in Clarksville on Guilford Road at Route 108. The family that owns the property has worked through entitlements with Land Design & Development. Finally, at Westmount, the Carroll family is in something of a more slow-motion rollout. The family, owners of the Doughoregan Manor land in Ellicott City that goes back to an original colonial grant, are choosing to finish lots themselves and sell them to builders. It’s an unusual choice among landowners today, but then, the Carroll’s have owned the land back to the 1700’s and want to exert control over its outcome. About a quarter of the approximately 900-acre estate has been parceled off for development. Right now, working with Land Design & Development, the Carroll’s are proceeding toward final plan approval for a first phase of 50 of the 325 total single-family lots. On this schedule, land development could begin in the fall. The Carroll’s are said to be looking to sign several builders, primarily along the lines of high-end custom builders, and are believed getting a lot of interest toward that end.

 

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