Investors plan to revive Walworth subdivision project
WALWORTH--An investor group purchased a 30-acre site in the village of Walworth with plans to start up a stalled 125-household subdivision project, according to a story in the Business Journal.
C&C Technologies Corp. paid former owner Talmer Bank & Trust of Troy, Michigan, $800,000 for the property, located north of Fairview Drive near U.S. Highway 14 in the village of Walworth.
A C&C Technologies project manager said the housing project will be built in phases, beginning with four nearly completed condominium buildings, each with two units in the coming weeks. The investor group also plans to build some single-family houses to test the market.
The site can handle about 65 single-family lots in the subdivision, 30 condo duplex buildings and about 30 combined units in other, smaller buildings.
Talmer Bank took over the property in 2012.
Last month, C&C Technologies bought 38 lots in the unfinished Ponds of Darien subdivision development from Community Bank CBD, in Delavan. A C&C Technologies spokesman said the group planned to build houses there, too.
Read the complete story HERE.