New Shared Ownership Homes Launch in London

New Shared Ownership Homes Launch in London

» Featured Columnists | By Scott Kauffman | May 25, 2012 8:00 AM ET

First-time buyers looking to live in the heart of London can now own a piece of this great city at a fraction of the real estate costs thanks to a new fractional ownership development called Aspire@E14.

The shared ownership homes, located between City and Canary Wharf in the Limehouse area, are priced from just £88,000 for a 40 percent share (full market price is £220,000). The 32 homes are being marketed by A2Dominion New Homes.

The development offers one-, two- and three-bedroom apartments just minutes from Limehouse Basin.

"Aspire @ E14 offers high quality yet affordable new homes for first-time buyers wanting to get on the property ladder in this rapidly-developing area of London," said Tariq Qureshi, A2Dominion's Director of Sales and Marketing (London). "Excellent infrastructure and strong inward investment spurred on by the 2012 Olympics, together with superb facilities including the O2 millennium dome and the Excel Exhibition Center, bring a real vibrancy to the area. And with the development of the Thames Gateway well underway, this is a good time to invest in Limehouse."

Sustainable features included solar panels to generate energy for the homes and an eco-friendly combined heat and power system. Home-buyers will also benefit from a video entry phone system, a porter service, CCTV and access to a car club.

Taylor Morrison Building New Redstone Golf Course Enclave

Taylor Morrison, named the No. 1 private homebuilder in the United States in 2010 and 2011 by Builder magazine, is developing a gated golf course enclave called Estates at Fairway Crossing in the Houston-area town of Fall Creek. The 50 home sites in the Estates at Fairway Crossing back up to the Redstone Golf Course or a natural creek.

Home prices range from the mid-$300,000s to $600,000s.

Home sites in Estates at Fairway Crossing are the largest non-custom lots on the Redstone Golf Course. Taylor Morrison is offering 13 one- and two-story plans with 3,265 to 5,491 square feet on 80-ft. home sites. The Treviso model will open during Fall Creek's Open Homes Spectacular in May and grand open in June. Fall Creek is being developed by Johnson Development Corp. who has developed master-planned communities in the Houston area for over three decades, including Riverstone and Sienna Plantation in Fort Bend County.

"Estates at Fairway Crossing was developed to showcase surrounding fairways and the natural beauty of its location," said Amy Haywood-Rino, vice president of sales and marketing for Taylor Morrison Houston.  "The closest homes are custom residences costing millions of dollars. Our homes will have upscale curb appeal and beautiful golf course views from the back. It's the first golf course enclave for us, and we're delighted to be in a Johnson Development community."

In the past two years, Taylor Morrison has designed a series of floor plans to extend living arrangements for multigenerational families via flex rooms, dual master suites, private/shared baths and multiple living areas inside and outside.

Fall Creek is home to the prestigious Redstone Golf Club, which offers two 18-hole courses, the Jacobsen Hardy-designed Member Course and the Tournament Course, a public venue designed by Rees Jones and home to the Shell Houston Open.

Taylor Morrison is currently building homes priced from the $100,000s to over $1 million in 23 locations in the Houston area. With more than 130 communities in Arizona, California, Colorado, Florida and Texas, Taylor Morrison offers first-time, mid-market and mid-to-upscale housing in both master-planned communities and urban infill neighborhoods. The company also operates one of Canada's largest homebuilding companies, Monarch, in Ontario, Canada, where it builds single-family homes and high-rise condominiums in Toronto and Ottawa

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