In the 7200 block of Gaston Avenue, sandwiched between White Rock Ale House and The Winsted at White Rock apartments, is a vacant 5-acre parcel. Most will recall the site as the former location of The Edge at White Rock, a for-rent community of 98 townhomes. Right now, it’s the home of a few orange traffic cones, 11 mature trees and a very lonely street sign that marks Gaston’s intersection with Connecticut Lane, the only way in and out of the parcel.
A venture between MoxieBridge Capital and Jeff Baron Homes purchased The Edge at White Rock in September 2018. Other potential purchasers might have considered remodeling the existing units and maintaining the for-rent status, but MoxieBridge and Jeff Baron viewed it as a redevelopment play for single-family home ownership.
“We believe the location in Lakewood, within the Lakewood Elementary boundaries, next to Tom Thumb, the ale house and the White Rock trial will attract a diverse set of potential buyers” said Brock Robertson, managing partner of MoxieBridge. “I think we will see young families with children, single professionals, empty nesters and out-of-town grandparents.”
Once complete, the newly named Eastside Trail project will have 127 single-family units for sale. Forty–five units will be “flats,” and eighty-two units will be townhomes. The flats will be one-story units in three-story structures with the resident owning a single unit on either the first, second or third floor. There will be a parking garage underneath the structure with elevator access to each floor.
The townhomes — Bungalows, Villas, Vista and Vue on the site plan — are traditional three-story walk-up units with garages on the first level, living and dining on the second and bedrooms on the third. The residences will vary from 1,050 square feet to 2,400 square feet with prices ranging from the low $300s to high $700s.
Eastside Trail will not be gated, nor will it have “apartment-like” amenities. No pool or fitness center is planned, but several “courtyards” with landscaping and seating will be dispersed around the project.
The pandemic slowed some planning and municipal permitting, but Robertson expects to break ground in July on the “horizontal” — real estate speak for paving and utility work. Deliveries of the first 24 units will be early 2021. The balance will be built in phases.
Savannah will be the home builder for the venture. Nadine Meyers of Meyer Group and Forrest Gregg of Compass will market the homes for sale.
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