Dana Road land deal officially off, owner says|[4/12/06]
Published 12:00 am Wednesday, April 12, 2006
A contract to develop 42 acres off Dana Road for rent-assisted housing was officially voided Tuesday, said the owner of the land, Realtor Greg Thomas.
The cancellation kills the second of three known post-Katrina housing proposals for Warren County, where the board of supervisors has passed a resolution giving a green light to any and all such developments.
In a correspondence, principals of Warren HDI, a limited partnership of Ralph Brockman and his brother, William G. Brockman, also the president of Monroe, La.-based Sunquest Properties Inc., said they have “completed due diligence slightly ahead of schedule” and decided to withdraw their offer to purchase the property.
Further, the group requested their funds in escrow be fully refunded. Thomas would not specify that amount, nor which of the Brockmans signed the letter.
“But there is no contract. It’s over,” Thomas said.
The partnership was set to file an application for federal tax credits and a rental-assistance program through the Mississippi Home Corporation to build 74 single-family houses on the site, just inside the city limits and adjacent to Danawood subdivision.
Reached late last month, William G. Brockman said the application was still on file and another, larger property in Warren County was being sought.
“I believe it was over 100 acres,” Brockman said, adding that layouts had been submitted to an architect but was incomplete. Brockman did not specify the location or the owner of the property.
If the application is successful, plans would go forward, Brockman said. A public hearing would be required. Calls to both Ralph and William Brockman were not returned Tuesday.
At a public hearing last month, Thomas told residents of Danawood and other adjacent subdivisions, who opposed the project, that the group’s plans were misrepresented to him and he would seek to cancel the deal.
“I had never heard of Sunquest Properties until after the hearing,” Thomas said.
In December, Congress passed the federal Gulf Opportunity Zone Act, a sweeping tax-incentive-laden bill geared to spur economic development and rebuild infrastructure devastated by Hurricane Katrina. Although most of the housing lost in the August storm was along the Gulf Coast, 47 of Mississippi’s 82 counties are eligible for the projects.
The act triggered a burst of interest by firms wanting to build residential complexes. Citizen groups have arisen in opposition in many counties, including Warren, urging a go-slow approach. Their points include that developers are proposing sites where no housing was lost and that coastal areas are being avoided due to tougher zoning laws and building standards. Most Mississippi counties, including Warren, are not zoned and there are no statewide construction standards.
In February, residents of the Fox Run subdivision, about three miles south of the proposed Danawood development, jammed the phone lines of California-based Opportunity Builders, helping to cancel a public hearing to gather comment on an 81-unit apartment complex on land adjacent to that subdivision.
The “blanket resolution” adopted by the Warren County Board of Supervisors on a 4-1 vote was done at the request of members of Illinois-based DD Development of Sterling, who proposed a 75-unit single family housing development off U.S. 80 at the former Pinewood motel property. Residents of that area have also said a hazardous traffic situation will become worse, but the project is on track.
That application has been filed and partners of the group have said that sessions with residents who live in the area are likely.
District 4 Supervisor Carl Flanders, board president, cast the dissenting vote against the blanket resolution.