Includes attached and detached homes |
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Williamsburg, VA -The Ford’s Colony’s board of directors voted to continue its relationship with Realtec Monday, agreeing to contract with the management arm for five more years.
Two years ago the Ford’s Colony homeowners association began to consider other management companies for the $4.5 million management contract. In the past year it solicited proposals and narrowed the choice down to three companies: two from northern Virginia and Realtec. It was the first time in the 24-year history of Ford’s Colony that the association had considered an outside firm. Realtec’s development arm retains veto power over the vote, so if the association had chosen another vendor, Realtec could have struck down the decision. Association president James Taverna said the directors ultimately chose to remain with Realtec for the cost, the synergy and history of Ford’s Colony, and the risk of trouble during a transition to a new company. They also felt Realtec was best poised to handle future growth within the gated community. 
Realtec Community Services has also agreed to a lease-purchase option on the management facility, which was the management company’s leverage to renew. Under the new arrangement, the association can lease the management and maintenance facilities for $800,000 a year for five years.
With a $4.5 million annual budget, derived from $1,400 annual fees from each homeowner. Realtec maintains 46 miles of private roads, and manages the security, property maintenance, and recreation crews. They have 65 employees, and are responsible for the contractors, as well.
Also, because there was a perception that Drew Mulhare might have a conflict of interest because he is both general manager and president, which means he has responsibilities to both the developer and the board, the assistant general manager will now become general manager and Mulhare will remain president.
Mulhare said the new general manager will have more direct contact and communication with the association.
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Ford’s Colony |
Williamsburg/ James City County |
Williamsburg VA |
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From an article in the Rocky Mount Telegram by John Henderson
Undeveloped lots in the Ford’s Colony community in Rocky Mount, North Carolina are slated to be sold to the highest bidder next month at the Nash County, NC Courthouse as part of a foreclosure sale.
According to a legal notice published in the Rock Mount Telegram this week, developer Ford’s Colony Rocky Mount LLC has gone into default on a loan taken out in June 2008 for $7.2 million.
But the developer is working with BB&T bank, which is owed the money for a loan it made for water, sewer and roads, to avoid the sale, said Drew Mulhare, vice president of Realtec Inc., the managing partner for developer Ford’s Colony LLC.
The lots were used as collateral for the infrastructure loan, Mulhare said. He said a bond required by the city ensures that work will be finished.
The company will continue to develop the 1,400-acre master-planned community, which is slated to have 1,000 home sites, Mulhare said.
About 20 to 30 lots in phases 3 and 4 of the project are slated to be sold in the foreclosure sale. So far, between 200 and 225 lots have been sold.
Among the phases slated to be sold is Phase 3 of the community, which, according to property records, is located a few hundred yards north-northwest of the community’s tennis courts and clubhouse.
Other lots being sold are in Phase 4 of the community along Cummings Road. Mulhare said a court ruling that prohibited that community from closing the road to public traffic had hurt lot sales along that road.
“When we were opening Phase 4, the real estate crunch hit, and the Cummings Road crunch hit, and we were pretty much stalemated at that point,” he said.
He said they have every intention of developing out the remaining 800 lots in the community.
“We love Rocky Mount,” he said. “It has been very good to us. We’ve tried to stay in touch with the city and county government, and we all want the best for Ford’s Colony. What’s good for Ford’s Colony is good for Rocky Mount.”
The legal ad states that the property will be sold at public auction to the highest bidder at the Nash County, NC. Courthouse at 10 a.m. June 8, 2009.
The community’s golf course and clubhouse are not part of the sale.
And lots with homes on them are not part of the sale, according to Kitty Hawk attorney Daniel D. Khoury, who is the trustee in the sale.
“It would be fair to say (the sale) involves unimproved lots,” he said. “We’re not foreclosing on any homes.”
Homes in the gated, master-planned community cost between $300,000 and $750,000.
The 1,400-acre community is being developed by the Ford family, who created Ford’s Colony at Williamsburg in 1985.
Development began at the Rocky Mount community in summer 2004.
You can view the Foreclosure Sale notice here : http://classifieds.rockymounttelegram.com/classifieds-bin/classifieds?tp=RockyMount&property=rockymount&classification=announcements&ad_id=188700187&temp_type=detail
You can read the full Story here :http://www.rockymounttelegram.com/news/fords-colony-forced-to-sell-off-some-undeveloped-lots-634050.html
Ford’s Colony is a gated golf community located in Williamsburg /James City County , Virginia. Offering three 18-hole golf courses all designed by Dan Maples, that weave throughout the community giving golfers a challenging place to test their game. Ford’s Colony features two swimming pools, tennis courts, walking trails, and a clubhouse. Residents can enjoy an active lifestyle without leaving their neighborhood! Homes in this community range in price from $295K to $2.5 million.
Recently voted the number one master planned community in the United States, Ford’s Colony in historic Williamsburg, Virginia is a relaxed and gracious
community offering a variety of home styles and amenities.
The hub of activity in the center of this 3,000-acre community is the Country Club, complete with award winning dining, meeting rooms, and a full-service Golf Pro shop. The Dining Room in the Country Club has repeatedly received the AAA Five Diamond award.
Within Fords Colony there are 200 acres dedicated to a wildlife preserve . A newly completed nature trail meanders through the woods and includes a bird watching tower. In addition there are over 14 miles of paved fitness trails for walking, jogging or biking.
Located in Virginia’s Historic Triangle, the area offers a easy access to a variety of attractions such as Colonial Williamsburg, Jamestown, Yorktown, Busch Gardens, and much more..
Golf Digest awarded The golf course at Fords Colony it’s highest award for course design. A state-of-the-art Golf Learning Center provides access to video swing analysis, a golf fitness room, dynamic club fitting, a short-game practice
area, and six indoor practice tees featuring True Strike surfaces.
Two separate facilities within Fords Colony offer both clay and asphalt tennis courts, a junior Olympic pool and kid’s pool; full service clubhouse.
Building Lots: Home-sites range from a quarter-acre to over 5 acres offering golf course, nature preserve, or lake views. Prices range from $75,000 to $1.25 million.
Condos: Eaglescliffe :New construction of 84-unit, four-story residential condos ranging from 1,700 to over 2,100 square feet. Priced between $458,500 and $634,000.
Townhomes: resale priced from $300,000.
Homes: New and resale custom homes feature Colonial, Federal, Greek Revival, or Georgian architecture. Resale and new construction homes are available, with prices ranging from the low $300’s to $1,500,000+.
This 3,000 acre gated golf community will delight you with a superior selection of home styles and neighborhoods, a complete range of country club amenities, the privacy you desire and the Ford’s Colony reputation for excellence in everything they do.
There is a full range of lifestyle options including custom homes set along one of the community’s three superb golf courses, lake view settings and gorgeous nature preserve locations.
The new Eaglescliffe condominiums offer maintenance–free living located in the heart of the community. Located across from the Country Club clubhouse. It will, when completed, have 84 Condominium units in 7 buildings; the first building consisting of 12 units is complete.
Ford’s Colony provides residents access to the finest country club amenities with a focus on golf. Enjoy 54 holes of highly rated and challenging golf on the Dan Maples designed courses, a complete practice facility and outstanding dining at the clubhouse.
Knob Hill is one of the newest areas of Ford’s Colony . Located off Ford’s Colony Drive near the Country Club consisting of nine, one to one and a half acre single family residence lots priced from $300,000 to $600,000. Knob Hill
has a sub-association, Eaglescliffe-Knob Hill Neighborhood it’s residents are Social Members of the Fords Colony Country Club will be members of
the Spa when it is completed. They are also entitled to use all of the amenities of Ford’s Colony
Westport is the development being constructed across from the Manchester Gate on Centerville Road. It will contain 102 Single family residences on 3 to 5 acre lots on it’s 430 acre tract. Owners of lots in Westport are part of the Fords Colony Homeowner Association as well as a sub-association to be
known as Westport Neighborhood Association.
The amenities planned include parks, a small floating dock affording access to Gordon Creek, outdoor areas for games such as shuffle board and croquet, a BBQ patio area and an indoor meeting and activities building. In addition the residents will be Social Members of the Fords Colony Country Club and the Spa. The recreational facilities will be open to all Ford’s Colony residents and all Ford’s Colony facilities will be open to the residents of Westport.
Click here to Search all home, townhomes, condos for sale in Fords Colony, Williamsburg, VA
Click here to search for building lots in Fords Colony
Map of Fords Colony
Every owner of a unit (residence or lot) in Ford’s Colony is a member of the FCHOA. Some owners are also members of a sub-association (e.g., The Links, Nottingham Place Neighborhood Association). These sub-associations exist for various reasons, including maintenance of the exterior of the residence and yard, maintenance of the common elements of the subdivision, and contractual arrangements. They have a separate Board of Directors and may have a different Management Agent. Except for those specific
provisions included in the Supplemental Declaration and Bylaws for that subdivision, all of the Covenants, Bylaws, and rules/resolutions of the FCHOA, also known as the Master Association, apply to the members of a sub-association.
Continuing Care Retirement Community (CCRC)
The plan for the facility includes 646 independent living units (ILU), 118 assisted living beds (AL) and 180 skilled nursing beds (SN) in a fee-for-services, corporately owned facility, the construction of which will be in at least four phases. .Under state law construction on each phase cannot commence until at least 50% of that phase is pre-reserved.
The ILUs will range in size between 950 to 1600 sq. ft. flats and 1800 to 2200 sq. ft. cottages. Residents of the CCRC will not be members of the FCHOA
Work Force Housing
Realtec has submitted a conceptual plan to JCC. The Developer reports that JCC does not have an ordinance that addresses the practical needs of a Work Force Housing community plan (JCC has recently sponsored a task force to address this issue (Realtec is a member).) R-4 zoning with 240-250 units was discussed to provide density and design flexibility for an economic scale for units priced 50% at $160,000-$200,000 and 50% at
$200,000 to $350,000.
