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City plans major townhome development to combat flooding issues

October 11, 2024 | Riverside, Montgomery County, Ohio


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City plans major townhome development to combat flooding issues
In a recent city council meeting, Lance Oakes provided an update on the proposed Glendeen Point development, which aims to construct 97 townhomes on a 10-acre site near Glendeen Avenue. Oakes emphasized the collaborative efforts with city staff and legal counsel, highlighting the project's potential benefits for both the developer and the community.

The development plan includes a request to purchase a 3.7-acre city-owned parcel, which is currently in a floodplain. Oakes explained that acquiring this land would allow for the construction of a larger detention basin, significantly reducing flooding risks for nearby residents. He noted that while the basin may not completely eliminate flooding, it would greatly alleviate the issue during typical rain events.

The townhomes are designed to include garages and additional guest parking, with an average price point in the low $300,000s. Oakes also mentioned plans for private streets built to public standards, ensuring long-term maintenance and quality. The project is expected to begin construction in November, with the goal of selling homes by July of the following year.

During the discussion, council members raised concerns about the impact of the new development on local infrastructure, particularly regarding traffic and school capacity. Oakes estimated that the development could add approximately 150 children to local schools, primarily from young families and military personnel due to the proximity to Wright-Patterson Air Force Base.

The council is set to consider a memorandum of understanding and an ordinance for the sale of the city parcel at their next meeting, which would facilitate the development's progress. The proposed Community Reinvestment Area (CRA) tax incentives, aimed at keeping housing affordable, will also be reviewed, ensuring that the project remains financially viable for both the developer and future homeowners.

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