TMCnet News

$3.15M property sale clears way for new Liberty Twp. subdivision [Journal-News, Hamilton, Ohio]
[October 30, 2014]

$3.15M property sale clears way for new Liberty Twp. subdivision [Journal-News, Hamilton, Ohio]


(Hamilton Journal News (OH) Via Acquire Media NewsEdge) Oct. 30--LIBERTY TWP -- This still-growing township is getting another residential community.

M/I Homes of Cincinnati purchased 137 acres at 5850 Millikin Road from Otto and Gayle Keeton for $3.15 million earlier this month, according to the Butler County Auditor's Office.

The land is located on the north side of Millikin Road between Lesourdsville West Chester and Mauds Hughes roads.

That land will be used to construct a $55 million residential community known as Turnbridge, which is slated to feature 138 single-family home sites with 49 acres of green space designated for its residents, including a four-acre park in the middle of the community, according to Dan Tartabini, vice president of sales and marketing for M/I Homes of Cincinnati.



Design plans also call for walking trails, a large stocked pond with a large fountain and a playground, he said.

Turnbridge, which is approximately five miles from Interstate 75, will be developed in five phases, the first of which will start with road paving road in December, Tartabini said. The entire project is expected to take four years to construct.


"This is a premier location in Liberty Twp.," he said. "Liberty Twp., for one, is already a very desirable place for people to live. The Lakota schools have been a big, big draw to our homeowners. When you find a spot in Liberty off Millikin Road this close to the freeways and the brand new (Liberty Center) shopping complex that they're building out on Liberty Way, couple that with a very great kind of atmosphere with the pond and the park, I think people are going to find this is a home-run location." Each ranch or two-story home will range in size from 2,200 to 4,000 square feet, including a full basement, and cost between $350,000 to $450,000, with a few going for as much as $500,000, Tartabini said.

Home sites are planned to be 80 feet wide, between 130 and 140 feet deep and offer at least a quarter of an acre, with some sites being larger, Tartabini said. Design center representatives will help home buyers personalize each home to fit their needs.

The construction of seven home sites is scheduled to start in January with one of them being a model home set to open by May. M/I Homes plans to open the community for sales late in the first quarter or early in the second quarter of 2015. A second phase will start construction in June.

An original "antique, classic kind of farm house" built on the property in 1875 is being sold by M/I Homes of Cincinnati for $799,000 after the Keetons move out later this year, Tartabini said.

"It was restored 25 years ago," he said. "The homeowner built a pool and a pool house and restored the barn. There's a lot of history on that property." Deerfield Twp.-based M/I Homes of Cincinnati is part of Columbus-based M/I Homes, one of the nation's leading builders with nearly 90,000 homes, Tartabini said.

Turnbridge is one of five Greater Cincinnati communities that M/I Homes of Cincinnati is scheduled to open between now and June 2015 in Butler, Warren and Hamilton counties. Those other four communities include: --Roberts Park, an $80 million 181-home Deerfield Twp. community that is scheduled to open for sale in January.

--Alverta, a $47 million, 135-home Mason community that has built 40 homes and is the middle of construction for another 38 in its second phase.

--Rivercrest, an $85 million, 212-home Hamilton Twp. community that will be built mostly by M/I Homes, which will sell some lots to custom home builders.

--Greenshire Commons, a $25 million, 239-unit community in Hamilton County's Green Twp. M/I Homes will build 92 of the homes and the remaining lots will be built by other home builders.

"Our goal is to find communities and home sites in 'A' locations, whether it's in Mason or Lakota or Kings or Oak Hills schools," Tartabini said. "We want to be in the best school systems in the best locations in town." ___ (c)2014 the Journal-News (Hamilton, Ohio) Visit the Journal-News (Hamilton, Ohio) at www.journal-news.com Distributed by MCT Information Services

[ Back To TMCnet.com's Homepage ]