St. Barnabas to add rentals
By Sam Spatter
Published: Friday, Feb. 5, 2010
A failed new-housing development in Richland Township, White Tail Ridge, has been purchased by St. Barnabas Land Trust Inc., which will develop the site as a 71-unit rental community.
"We currently own four housing units there, have the right to build 39 more and are negotiating with Nextier Bank on two others before negotiating with the 30 condominium owners to buy their units," said William Day, president of St. Barnabas Health System.
St. Barnabas acquired the property on Jan. 27 from S&T Bank, which had foreclosed on the development being built by Cleveland-Richland L.P. The price was $2.7 million, according to a deed filing.
Day said he expects the property will cost about $10 million to develop.
It will consist of duplexes, triplexes and quads, most of them one-level. Some of the housing on the site has second-floor lofts and full basements.
The site attracted Day because of its proximity to St. Barnabas Woodlands, a 135-unit carriage home community in Valencia, Butler County.
Eventually, the property will be renamed the Woodlands at St. Barnabas, Day said.
A second parcel, a 10-acre site called the Cook property, which abuts the White Tail Ridge site, was purchased from Charles Cook for $385,000, Day said. At this time, there are no plans to develop the land, he said.
White Tail Ridge will become part of the St. Barnabas communities. They consist of The Village at St. Barnabas, consisting of 252 condominium-style apartments in Gibsonia; The Woodlands; and The Washington Place, a 23-unit apartment complex that includes concierge services.
Other St. Barnabas facilities include St. Barnabas Medical Center, an outpatient medical center; St. Barnabas Nursing Home and Valencia Woods at St. Barnabas, both skilled-care nursing homes; and The Arbors at St. Barnabas, assisted-living locations in Valencia and Gibsonia.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.