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Baby boomers snapping up Monroe County ‘forested community’ lots

Mountain America LLC, a Maryland registered planned community land development company, is completing road work for and has sold 54 out of 99 individual home sites on the “Walnut Springs Mountain Reserve,” a planned forest community near Union, WV, in Monroe County. The property is situated on approximately 1,200 pristine mountaintop acres, overlooking the George Washington and Jefferson National Forests where the Blue Ridge and Allegheny Mountains come together. The Walnut Springs development community was started in August, 2004, and is scheduled for completion in Fall of 2007.

With property elevations of 2,000 to 3,050 feet, Walnut Springs offers a nearly 60-mile view from many lots. W
ith an average estate size of approximately 10 acres, lots are lots are priced based on each lot's unique properties, but are expected to be priced from between $159,000 to $3-million. Walnut Springs Mountain Reserve is located within a few miles of historic Lewisburg, WV and near The Greenbrier Resort, The Homestead and Snowshoe Mountain Resort, one of the top snow skiing destinations on the East Coast.
Multiple common areas are planned for residents, comprised of well over 100 acres, including parks, hiking, walking and riding trails, two beautiful planned lodges, two gorgeous crystal clear bottom lakes, a large fishing pond, picnic spots and nature preserves. Over 100 species of birds and over 40 species of butterflies found at Walnut Springs, as well as whitetail deer, wild turkey, rabbits and foxes.

The company is marketing its Walnut Springs properties to baby boomers from Washington, Chicago, New York, Virginia, Maryland,
North Carolina and California. CEO Jonathan Halperin states the community’s spectacular views and privacy are complemented by the area’s charming towns, historical sites, golf and ski resorts, outdoor activities, cultural events, performance venues, fine cuisine and shopping. Land covenants and restrictions will ensure all residents have a natural viewshed and development will be environmentally friendly.

For more information about the Walnut Springs Mountain Reserve visit the developer's Web site.

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$87 million water park resort planned for Faimont, W.Va.

Three Morgantown businessmen, David Rees, Michael Vecchio and Mark Tampoya, have announced plans to build a resort complex filled with water slides and roller coasters, movie screens, retail stores, restaurants and a hotel and conference center at Fairmont, WV. The $87-million resort, developed by The Water Works LLC, will be located on 25 acres of a 107-acre site on the East Side of Fairmont formerly occupied by the Exxon Fairmont Coke Works and the Sharon Steel plant. The resort park is expected to create 350 permanent and 125 seasonal jobs and hopes to attract visitors from West Virginia and the greater Mid-Atlantic region, including Cleveland, Pittsburgh, Baltimore, Washington, D.C., Columbus, Ohio, and Harrisburg.

The developers plan to begin the first phase of Volcano Island Resort in April, with the park scheduled to open by November 2008. The resort complex will include a 50,000-square-foot indoor water park with a surfing machine and water roller coaster, a 5-acre outdoor park and a 300-room hotel and 30,000-square-foot conference center. At a later date, the developers hope to add as many as 20 movie screens, 80,000 square feet of retail space for stores and restaurants, a 60-slip marina, recreational lake and RV park. A hospitality management company located in Erie, PA, American Resort Management, LLC, will manage operations of the hotel, conference center and water park.

Read more... (Pittsburgh Tribune-Review)
Read more... (The Times West Virginia)
Read more... (W.Va. Business Blog)
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