Red Swing Group

Plum Heights Phase II – “Pad Ready” Residential Development Opportunity

Situated a 2-minute drive from Oakmont Country Club, this 3.2 acre “Pad Ready” site, zoned R-3, is ready for high density residential development. Red Swing Properties, LLC, owns this residual tract of land which abuts a brand new $9M LEED AP 58-unit independent living facility, named The Retirement Residence of Plum. There are several residential development options available for this property.

Retirement and senior living is in high demand in the Plum Borough community. The adjacent Retirement Residence of Plum facility was filled with a wait list created before construction was complete. Extending the senior housing concept to this site would complement the adjacent community and provide a low risk opportunity.

An additional need in Plum Borough is apartment style and townhome living. The lack of apartments, especially on the northern tier of Plum creates this void in the apartment marketplace. New townhome construction beyond small “4 or 6-packs” have not been built in Plum for nearly 2 decades, creating a void in this type of housing as well. This style of development would fit well into the existing landscape as the adjoining property toward the east and south are condominium flats and townhouses.

Concept Designs have been created depicting four (4) different types of development opportunities. The first is a 4-building, 36-unit mix of 2 and 3-bedroom apartments plus a clubhouse. This type of development would have all street parking. The second is a townhouse concept consisting of 23 3-bedroom/3 ½ bath units each with a 2-car garage. The third is another townhouse concept consisting of 22 units of 3-bedroom/3 ½ bath with 2-car garages and 6 units of 3-bedroom/2 ½ bath with 1-car garages. The fourth is a 3-building, 58-unit apartment building concept consisting of 1 and 2-bedroom units including 68 indoor parking spaces, and additional on-street parking stalls for visitors.

Red Swing prefers to sell the parcel, but will consider partnership opportunities as investment to increase the equity into a project’s financial proforma.

Plum Heights Phase II Property For Sale
FOR SALE FLYER
Plum Heights Phase II Property
Plum Heights
Plum Heights Phase I
Project Description

Plum Heights
Original Master Plan
with Apartments

Plum Heights Phase II
24ft Wide Townhouse Concept
Plum Heights Phase II
18ft Wide Townhouse Concept