City Council voted last night to purchase the Alexis Apartments in Titustown for a total of 2.4 million dollars. The apartments on the north side of W. Little Creek Road will be purchased first and the apartments on the south side of W. Little Creek Road will be purchased after the City Council has an opportunity to allocate funds in the upcoming budget.
The apartments at 1210 W. Little Creek Road (north side of W. Little Creek) will be purchased for $960,000 and the closing date will be as soon as the terms and conditions of the Purchase and Sale Agreement are met. The apartments at 1227 and 1229 W. Little Creek Road (south side of W. Little Creek) will be purchased for $1,440,000 and the closing date will be as soon as possible after July 1, 2008.
The Purchase Agreement does state that all leases for all apartments must be terminated by the closing date of the 1227 and 1229 properties.
According to the Virginian-Pilot article, it is likely the Titustown Recreation Center will use a portion of the property to expand its parking.
It is so nice to hear some good news! Great job everyone for making this happen!
Owner- Book Exchange
Great news, but let’s hope this is not just an election year event. Time will tell.
I ehco TimSmith’s comment. The purchase of Alexis apartments is indeed GREAT news. Now we need to make sure the momentum continues. For funding should have been part & parcel of the Wards Corner Comprehensive Plan. Why all the delays until funding can be worked into the budget for next year and the year after that, and so on, when funding has apparently been no problem for more recent plans such as fountains at Waterside or the new upscale facility on 21st Street? In short, as Tim said, I hope the immediate purchase of part of the Alexis apartments is not just an election ploy. Let’s keep the positive momentum going!
This indeed is great news.Butttttttttttt.Please do not have the people that will be moved come to denby park.I know everyone needs somewhere to live but we are already fragile with crime and blight.