Health & Fitness
Deep Creek Towns Cleared For Development
Anne Arundel County Hearing Officer agrees to allow Koch Homes to switch condos for fee simple units at Deep Creek Towns in Arnold, Maryland.
When it comes to its "Deep Creek" project in Arnold, Koch Associates has spent most of the last few years awaiting one decision or another from the county's Administrative Hearing officer.
Finally, it appears one of the last such decisions has been issued – the one that allows Koch to transform 75 townhouse lots from condominium ownership to fee simple. Deep Creek Village, located off College Parkway at Bellerive Drive, has morphed from a market residential community to active adult to a continuing care facility and back to market rate residential, as Koch tried to find the right franchise in a market without school capacity. Finally, Annapolis-based Koch agreed to underwrite new classrooms at Broadneck High, freeing the subdivision for development.
Besides the 75 ‘villa’ lots, Koch has 34 singles. All are promised to NVR, with Koch doing the land development. The subdivision was finally approved in December, but Koch has found what every other developer holding condo townhouses has found: getting mortgage backing for condos is on the far side of difficult right now. Given that state of affairs, the Hearing Officer agreed that Koch could switch from condos to fee simple units.