"...we are always aware of the responsibility we have to those who have an interest in the land."
The KFBSF Real Estate Fund has invested in the Goose Creek Bend project in Loudoun County Virginia. The fund is a student administered fund staffed by first and second year MBA students at UNC. The fund provides real world experience to students concentrating in real estate by investing in actual real estate development projects. Goose Creek Bend is the funds first investment in a residential land development project and also was a distressed property acquisition offering the students experience in two relevant areas. Elm Street has been a long term supporter of The University of North Carolina at Chapel Hill Kenan Flagler Business School.
BB & T has selected Elm Street to manage Selma in Leesburg Virginia. Selma is a 277-lot Rural Hamlet community recently acquired in foreclosure by BB & T. Elm Street will provide all day to day project management while working to develop a long term plan to realize maximum value for the project for BB & T.
CLARKSBURG, MD – February, 2007 – Kimberly and Richard Bosnic along with their four children have become the 300th family to move into a new home at Clarksburg Village. For them, the decision to move to Clarksburg Village from their previous community was an easy one. Read the full press release >
Doug Meeker has been appointed by the County Commissioners to serve a 4 year term on the Charles County Planning and Growth Management Advisory Board. The Board is charged to review various programs, policies, and procedures related to the duties and responsibilities of the Department of Planning and Growth Management. This group is responsible for reviewing specific items directed by the Commissioners and to provide the Commissioners with comments and/or recommendations on a wide range of issues.
September 2006 – The Maryland Component of the American Institute of Architects in the 2006 AIA Maryland Design Awards presented a Merit Award in Master Planning to Elm Street Development for Excellence in Design of Evans Farm in McLean, Virginia. Evans Farm was designed by nationally renowned design firm Duany Plater-Zyberk & Company.
McLEAN, VA – May 2006 – Elm Street Development principals Bill Moran and David Flanagan reported to Elm Street business associates on the results for 2005. Results were highlighted by record sales revenue and the production of nearly 1400 lots in 22 projects. Additionally, Elm Street acquired land in 2005 that will be developed into 17 future communities. And finally, Elm Street was named Developer of the Year for the sixth year in a row by Maryland-National Capital Building Industry Association.
MCLEAN, VA – Elm Street Development, a leading residential real estate development firm in the Washington Metropolitan region announced today the promotion of six vice presidents to regional partner and vice president. Read the full press release >
Elm Street Development, along with its partners from the Town of Denton, Adkins Arboretum, and Low Impact Development Center, has been chosen as one of six recipients of the 2006 Pioneer Grant awarded by the Chesapeake Bay Trust. Elm Street has pledged to incorporate a set of innovative storm water management techniques at The Village at Watts Creek, a proposed community in the Town of Denton on Maryland’s Eastern Shore, to reduce nutrient run-off and establish a higher standard for protecting the waters of the Chesapeake Bay. Read the full press release >
Jim Krapf was asked to join the Board of Directors for the Anne Arundel County Chapter of the Homebuilders Association of Maryland. The Board is comprised of a variety of professionals that meet regularly to discuss local market trends, analyze policy issues, and work toward improving the overall building and housing industry environment.
Since its founding in 1992, Habitat for Humanity of Talbot County has constructed 40 homes for deserving families that previously lived in sub-standard housing. Entering the 21st century, however, the steep appreciation of land costs in Talbot County and sharp increases in construction materials have made it very difficult, in spite of volunteer labor and interest-free mortgages, for Habitat to provide decent, affordable homes to low income working families who have been priced out of the Talbot County housing market. Read the full press release >