Development of an expansive new urbanist subdivision east of Harrisonburg has slowed since the housing market crash in 2008. Doug Manners reported in Saturday’s Daily News-Record that The Hine Group, the developer behind Preston Lake has been “locked in a still-unsettled legal battle with its lender, Wachovia Bank,” and that the development may be headed […]
Local realtor Scott Rogers’ most recent report on home sales in Harrisonburg and Rockingham County indicates that local housing sales have been slow — down 21 percent in October, compared to October 2009. However, the home prices haven’t significantly dropped along with the pace of sales.
On April 12, a notice ran in the Daily News Record that parts of the Harrisonburg Crossing shopping center are in foreclosure. Chris Rooker recently posted about the notice on Harrisonblog: It appears from city tax records that the parcels housing Wal-Mart and Home Depot are not part of the foreclosure. The tax records indicate […]
One Court Square has been vacant for so long, it’s become a sort of unfunny joke among certain downtowners. The city and HRHA bought the property for $1 million in 2004, spent another $450,000 on renovations, and has been unsuccessfully trying to break even on a sale ever since. Despite rumors of businesses moving in, […]
The rumor floated on Twitter last week is confirmed in today’s Daily News-Record: Best Buy is coming to town. According to the story, it’s expected to open in May in the former Circuit City location in Harrisonburg Crossing.