‘Affordable, Sustainable’ Keywords in New Eastside Developments
Terramark predicts it can sell the Urban@Olive homes for about $200,000-250,000. But an agreement, which is still in development with District 2, would have the City pay for infrastructure (streets, sidewalks, etc.) surrounding the project so Terramark doesn’t have to. The developer can then save money on the project overall and charge slightly more for the market price homes in order to subsidize the two or three homes made available at a reduced price – perhaps at less than $180,000.