Development Resumes in Frederick
There are some new building projects underway, after a few years of a very slow market for new homes. It seems that housing development returns to Frederick.
Housing Development Returns to Frederick
The beginning stages of a new development of as many 300 units can be seen from East Street, on both sides of 16th Street. In late 2007, the first stage of a development of 546 homes was partially approved, called Canterbury Station. This phase was to be 144 homes, including townhouses, single-family homes and condominiums.
Given the inventory shortage we are experiencing in Frederick Md, new development is seen my most in the real estate industry as a good thing. The housing inventory is currently just over 800 listings, which is a little more than half of a normal market.
It appears* that Canterbury Station will extend from Fredericktowne Park, around 10th Street, to the area behind Northampton Manor Health Care Facility, possibly as far as the area behind The Banner School. The public schools in the area are North Frederick Elementary, Governor Thomas Johnson Middle School, and Governor Thomas Johnson High School.
*I’m looking for the plat… stay tuned!