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Mr Williamsburg.com New Town is growing in Williamsburg VA
New Town has 200 households
From an article in The Va Gazette
By Susan Robertson | JAMES CITY -- People from all walks of life are moving to New Town.Out-of-towners looking for a place are buying in. Graduate students from the College of William & Mary are renting apartments. It's really a mixed bag.The slowdown in housing hasn't hit here. Nearly 200 residential units, including apartments, townhomes and condos, are complete. Hundreds more are on the way.
Townhomes and condos range $200,000-$500,000 and more. The first units were sold before they were even completed.The pace has slowed slightly according to officials. That's interpreted as having the units finished before they sell.Joe Stettinius, director of marketing for New Town Associates, said that only about 30 of the 160 townhomes and condos that exist today at New Town are vacant.Oxford at New Town off Ironbound Road has completed work on 18 of 265 units. Of those, 16 have already been leased and another 10 will be available later this month. Property manager Belinda Hann said that all 265 units will be ready by April 2008.There's no definitive trend as to who's moving in. Tenants aren't trading other area apartments for a place at New Town. Donje ... more

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