Madison Homes, Inc. » News & Updates

Madison Homes acquires property in the Ballston area of Arlington County for single family homes

admin — Mon, 16 Nov 2009 04:16:58 +0000

Madison Homes has contracted to purchase property for the development of 10 single family detached homes in the Ballston area of Arlington County, Virginia. This community will be known as The Enclave of Ballston, and will represent one of the few opportunities for a new single family detached home community in Arlington County. The Enclave of Ballston will be located within walking distance to the Metro station, restaurants, shopping and employment opportunities in Ballston. Working with Walter L. Phillips, Inc. as engineer, and Devereaux & Associates as architect, Madison is processing for subdivision plat and final engineering plan approval as a “by-right” development. Property acquisition, development and construction will commence in late 2010.

Madison Homes selected by the City of Fairfax as developer of the City owned former library site

admin — Mon, 16 Nov 2009 04:14:59 +0000

Madison Homes will develop a community of 26 townhomes to be known as Madison Mews at Old Town Village, after selection by the City of Fairfax, Virginia to purchase the site of the City’s former regional library in the downtown redevelopment area of the City. Madison’s selection was the culmination of an RFP process initiated by the City, which selected Madison from a field of 8 developers who responded to the RFP.

Madison is processing for Redevelopment Option land use approval by the City, which will be followed by final site engineering and final architecture, with property acquisition and commencement of demolition, development and construction scheduled for the summer of 2010.

Madison’s team on the Madison Mews development include Devereaux & Associates as architect, Christopher Consultants, ltd. as engineers and Walsh Colucci Lubeley Emrich and Walsh as land use counsel.

Madison Real Estate Solutions selected to provide services to Severn Savings Bank and ING Clarion

admin — Fri, 13 Nov 2009 15:13:31 +0000

Madison was retained by Severn Savings Bank to provide feasibility analysis, cost studies and U.S. Bankruptcy Court testimony in support of Severn’s successful application for relief from a bankruptcy stay. This relief permitted Severn Savings Bank to proceed with foreclosure on a partially completed estate home in Fairfax County, Virginia.

West Street Venture, LLC, an ING Group entity, retained Madison to provide property management services for property located at 213 West Street in the City of Annapolis, Maryland. In addition to on-going property maintenance, these services have included efforts to obtain extension of land use approvals and a real estate tax assessment appeal.

Fairfax County’s Best Selling Townhome Community for 2008 is The Reserve at Tysons Corner

admin — Wed, 31 Dec 2008 16:27:40 +0000

The Reserve at Tysons Corner continues to exceed sales expectations, due in part to its distinction as the only new townhome community in Tysons Corner. The luxury townhome community began selling in January of this year and is already 50% sold out.

“Having a great, close-in location is important in any market,” said Doug Schneiderman, Vice President, Madison Homes. “In this market, it’s everything. The reverse migration from outlying areas is gaining momentum. In addition, Tysons Corner remains a hot commercial and retail market. This all feeds into the demand for what we, and we alone, can offer. Brand new, luxury townhomes within easy walking distance to the heart of Tysons Corner.”

The Reserve at Tysons Corner is tucked right off Gallows Road, just a few blocks from Route 7 and the Beltway, and a quick shuttle-bus ride from the Dunn Loring Metro station. It’s a prime location that gives the community unparalleled accessibility.

In addition to being remarkably commuter-friendly, The Reserve at Tysons Corner offers tremendous advantages to walkers and bikers. Many of the area’s finest shops and restaurants are within a 10-minute walk of the community, and the popular W and OD Trail is just a 5-minute bike ride away.

While it may be the location that initially attracts prospective buyers, it’s the design of the townhomes and neighborhood that wins them over. The townhomes offer 3 and 4 finished levels, up to 4 bedrooms, 3.5 baths and a 2-car garage. Amenities include a landscaped “Central Park”, access to a clubhouse and pool, and a neighborhood dog park.

Of all the new homes for sale in Tysons Corner, only The Reserve at Tysons Corner offers brand new townhomes. Now selling from the upper $680’s. For more information, visit the website at www.tysonstownhomes.com or contact Jim Patton at 703-288-3361 or jp@madisonhomesinc.com.

The Enclave of McLean Nearing Completion

admin — Wed, 31 Dec 2008 16:20:06 +0000

Madison Homes completes the first two custom homes at The Enclave of McLean. The Enclave of McLean is a community of four custom designed homes on a quiet cul de sac located in the McLean High School pyramid. The Enclave is within walking distance to the West Falls Church Metro and is less that one mile to the City of Falls Church.

Learn more about the Enclave of McLean here.

Madison Homes Launches Madison Real Estate Solutions

admin — Wed, 31 Dec 2008 16:17:04 +0000

Federal Place – Madison Homes has been retained by SCC, II Development to re-entitle a townhouse community in the City of Baltimore. The current development plan calls for 22 fee simple townhouses. The new plan will have a total of 35 homes, Madison is responsible for completing the re-entitlement of the development and is coordinating the work of the architect, civil engineer and land use planner. The development is expected to be complete by the end of 2009.
Sullyfield Industrial Park – Madison Homes has recently completed a renovation of an existing industrial warehouse complex in Chantilly, Virginia. Madison Homes coordinated the renovation and delivered the completed warehouse to BB&T bank.
Rhode Island Avenue Condominium – Madison Homes was retained by People’s Bank of Pennsylvania to conduct a site and building assessment on a 6 unit condominium located in the District of Columbia. The project was completed in the summer of 2008.

Construction completed in 2008 on Acton’s Landing

admin — Wed, 31 Dec 2008 16:14:28 +0000

Madison Homes and its joint venture partner, ING Real Estate Development, an affiliate of the ING Group, completed the development and construction of Acton’s Landing, a residential mixed use community of 106 condominiums, townhouses and single family homes in the Historic District of the City of Annapolis, Maryland.

This award winning, “smart growth” development involved the conversion of a 100 year old hospital site into a modern residential community fitting into the fabric of the City of Annapolis Historic District. The redevelopment included the adaptive re-use of the original hospital building built in 1910 as part of the residential condominium component of the community, and is the sixth project by joint ventures between Madison Homes and ING Real Estate Development. 85% of the units and homes in the community have been sold and settled with sales and settlements to be completed in 2009.

View details about Acton’s Landing.