New construction to begin in Dublin by year end
July 22, 2013 by Mark
Paragon Building Group, the parent company of Virginia Homes, bought property in Dublin, Ohio, in anticipation of having lots ready for building by this fall.
A Biz Journals news item dated July 2 says the property, which will be the first subdivision to be built in dublin in over 10 years, comprises 19 acres located off Brand Road. Paragon paid $1.25m for the land.
The property is known as Wellington Reserve, and it is Paragon’s goal to have each lot in the Reserve ready for construction to start by October, according to company president Charles Ruma.
Ruma revealed that Paragon has received 23 deposits thus far, and hopes to receive 40 in total. The deposits are refundable, and Ruma expects that some people may back out of the deal. He also said that he believes Paragon will sell 22 houses in 2013, and 30 in 2014. The company was able to sell 19 homes in 2012. Virginia Homes is the builder for the project.
The aim of Paragon is to encourage people to buy their homes, which will no doubt be good for many economic sectors in Dublin. To that end, Paragon could work with brochure printers to create a mailer targeted to homeowners and renters in the community. The brochure could describe the development in detail, the amenities planned for the houses, any planned landscaping projects or outdoor areas, roads in the development, and the benefits of home ownership in general.