Local developer New Victorians is staying busy in Italian Village, with one project sold, one about to start, and two more working their way through the variance and area commission process. Joe Armeni, who heads up New Victorians as well as a RE/MAX realty office based in Harrison West, recently updated us on where the projects stand.
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- Two new single family homes on Punta Alley both recently sold for just under $400,000; “before they were even entered in MLS,” according to Armeni.
- Plans for five single family homes at 155-171 East Third Avenue – all three-story homes, with three bedrooms and two-car garages – have been approved by the Italian Village Commission. Armeni hopes to start construction in May, depending on the weather, and expects them to go quickly, too; “two-car garages are rare for the neighborhood.”
- A proposal for a new brick residential building with for-sale units at the southeast corner of Fourth and Say Avenues was brought to the Italian Village Commission’s April meeting. It will be going back to the commission in May with changes based on feedback from the commissioners.
- A two and-a-half story mixed-use project at 307 East Fifth Avenue will also be going back to the commission. Armeni said the plan is for two storefronts facing Fifth with residential units upstairs, creating the potential for live/work spaces. Also proposed is a carriage house behind the main building with additional residential units. He said that parking can be accommodated by the lot behind the building next door (305 East Fifth), which New Victorians also owns.
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