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AirBnB regulations stall in VT Senate

AIRBNB REGULATIONS STALL IN VT SENATE

A bill that would have required AirBnB operators in the state to conform to regulations covering similar short-term rentals has stalled in the Vermont Senate, according to the May/June issue of the Vermont Property Owners Report. SB 113, proposed by Ginny Lyons and Michael Sirotkin, would have subjected AirBnB rentals to "other state regulations...including health, safety and sanitation" requirements that currently cover hotels, motels, bed and breakfasts and similar lodging properties. Some groups, including the Vermont Chamber of Commerce, believe AirBnB rentals receive an unfair advantage when they operate outside the regulations that face their competition. Burlington lead Vermont AirBnB rentals in 2016 "with 24,110 guest arrivals accounting for more than $3.1 million" in short-term rental income. 

The full story can be viewed as a PDF by clicking here.

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    Cottonwood Crossing development to begin Williston build

    COTTONWOOD CROSSING DEVELOPMENT TO BEGIN WILLISTON BUILD

    A new mixed-use development will break ground in Williston this summer, atop 17 vacant acres near the intersection of U.S. Route 2 and Vermont 2A. The site was formerly a golf driving range. The Williston Observer said in a May 25th article that landowner Allen Brook Development will complete the project over five separate building phases, which in total "will consist of roughly 70,000 sq. ft. of commercial space and 200 residences" and include underground parking and a central square of green space. The full story can be read online here.

    Contact Steve Lipkin and the LipVT Team at 802-846-9575 or Steve@LipVT.com for any Chittenden County real estate questions or concerns.

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      Early 2017 Northwest Vermont Market Report Is Live!

      Coldwell Banker Hickok & Boardman Realty's industry-leading marketing department has just released it's early 2017 Northwest Vermont Market Report. Follow the link below for information on the local real estate market, current inventory, and projections for the rest of 2017 and as always, reach out to the LipVT team with any questions about buying or selling. 

      CBHB's Early 2017 Northwest Vermont Market Report.

       

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        Proposed Bove's Burlington Apartment Building

        In December of 2015, Bove's, the iconic Italian restaurant of Burlington,Vermont, closed its doors to hungry locals to move North to Milton, Vermont and focus on their spaghetti sauce business. The closing sparked discussion on what would come to the 1940s building. While some suggested it be moved to Shelburne Museum, others argued it needed to stay put being on the Vermont State Register of Historic Places. The owner, however has a much different idea for the iconic piece of little Italy in mind. He is proposing a $14 million apartment complex for 64 Pearl Street which would turn the 1940s restaurant as well as two 19th century apartment buildings to rubble. In their places would be 50 new apartment units to Pearl Street. This plan is still in the beginning stages and it’s unclear what barriers Bove will have to break through to go forward but the news have historians and the Burlington Apartment Market buzzing.

        For the full article click here. https://www.sevendaysvt.com/OffMessage/archives/2016/09/12/former-boves-cafe-could-meet-the-wrecking-ball

        For more info about the Burlington, Vermont apartment or housing market, visit www.LipVT.com.

         

        White House Releases "Housing Development Toolkit"

        American voters were busy last week. Barraged by the drone of political noisemaking from people hoping to President, one can understand how the public might have missed big news in housing released by the current President’s administration. And it couldn’t be more relevant to Burlington.

        The Obama Administration rolled out its “Housing Development Toolkit” which, as Curbed writer Alissa Walker summed, outlines “…successful methods for bringing housing back into American cities.”

        The release coincided with an editorial in the San Francisco Chronicle and an essay on Medium from White House Policy Council director Cecilia Munoz laying out the purpose and goals of the toolkit.

        Munoz outlines the nuts and bolts of the toolkit but also opines on just what got us into the affordability crisis in so many communities:

        The American people have built an economy with stronger ladders of opportunity for all families to prosper. But despite these gains, too many of the communities with the most dynamic growth have pulled up those ladders behind them — often unintentionally — by creating conditions that make it impossible for families to find affordable housing in the same communities where they can find jobs. By allowing local rules that inhibit new housing development to accumulate, too many communities have limited their supply of housing over the last few decades in a way that undercuts economic mobility.”

        Some more timely and tangible aspects of the toolkit include recommendations for the removal of off-street parking requirements for new development, allowing accessory dwelling units, and enacting high-density and multi-family zoning.

        Read Alissa Walker’s excellent Curbed piece

        Cecila Munoz on Medium “When Communities Pull Up the Ladder of Opportunity”

        Full “Housing Development Toolkit” from Whitehouse.gov

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          The Battle of Great Hosmer Pond

          Great Hosmer Pond has been a significant part of the Craftsbury, VT community since the mid 40’s when lakefront cabin development began. This serene hideaway allowed residents to enjoy the lake all summer on their boats as well as along the shoreline.   

          Fast forward to 1976 when Russell Spring founded the Craftsbury Outdoor Center – primarily focused on sculling (a.k.a. rowing). The outdoor center thrives simply due to the fact that Great Hosmer Pond is “the greatest place on Earth to scull, end of story” according to managing director Troy Howell.

          However, as of late, there’s been some resistance to the COC. Motorboats and scullers simply cannot coexist on a lake as narrow as Hosmer. There isn’t enough room. The lake is only 160 feet wide at its broadest part, which would typically mean motor boats were prohibited on the body of water. However, since the lakefront properties date back to the 40’s and 50’s the use of motorboats has been grandfathered in.

          Managing director Troy Howell again explains, “If there are 40 to 50 scullers on the lake, it’s virtually impossible for anyone to water-ski.” “By the same token, if there are even three motorboats on the lake functioning at high speeds, it’s virtually impossible to scull.”

          The conflict in Craftsbury is at a breaking point, and if a solution isn’t found soon it might boil over.

          Shared access to public facilities hasn’t been particularly troublesome in Vermont up until this point due to our low population density. However, as more and more patrons begin to summer in Vermont and use our lakes it’s a problem we could see arise more frequently.   

          For any of your real estate questions or concerns contact Steve Lipkin and the LipVT team at Steve@LipVT.com or 802-846-9575.

          5 Corners Sheds a Limb

          Photo: Plans for the new Crescent connector beginning at Park St, passing through Maple St, and connecting after the soon to be pedestrian portion of Main St.

          Nobody would be surprised to hear that Five Corners in Essex has an intersection state performance rating of an “F”. In fact, many would be in support of that grade due to the numerous hours we’ve all wasted sitting at one of the lights there over the past years. Planning for how to combat this has been going on for years, and now there is something to show for it: The Crescent Connector Bypass. The bypass would start before Five Corners on Park Street, pass through Maple Street, and connect to Main Street, the end of which is being converted to a walking street. This would ultimately turn Five Corners into “Four Corners” and it would create a pedestrian street (much like Burlington’s Church Street although a bit shorter) in the section of Main Street/Route 15 out front of Martone’s Market & Deli and Fiori Bridal Boutique.

          To read the full article: http://www.burlingtonfreepress.com/story/news/local/2016/06/27/crescent-connector-essex-junction/86241022/

           

          For any real estate questions or concerns contact Steve Lipkin and the LipVT Team at Steve@LipVT.com or 802-846-9575!

           

          Church Street: http://www.churchstmarketplace.com/

          Martone's: http://www.martonesmarket.com/

          Fiori Bridal: http://fioribridal.com/

           

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          Walking on Water

          Photo: Design for the new marina to be built.

          For years the competition to land a boat slip on the Burlington waterfront has been cut throat. Developers Jack Wallace and Chuck DesLauriers decided to do something about it by planning a private 160 slip marina for late 2017 or early 2018. The two developers and the Burlington City Council have just come to an agreement on lease terms. They’ll have to pay the city $27,500 plus 5% of revenues over $565,000 the first year, and $55,000 plus 5% of revenues over $1,130,000 in subsequent years in order to operate the private marina on public land. Included in the marina would be a lengthy floating breakwater that would serve as a public walkway allowing pedestrians to walk a decent distance on to the lake. Many Burlington officials have been “on the fence” about this project for some time. However, everyone is now in agreement that the development will change Burlington for the better.

          To read the full article: http://www.sevendaysvt.com/OffMessage/archives/2016/06/28/burlington-harbor-marina-gets-council-development-approval?utm_source=Seven+Days+Email+Newsletters&utm_campaign=2979e19a28-Daily_7_Tuesday_0628166_24_2016&utm_medium=email&utm_term=0_24eb556688-2979e19a28-296218281

          For any of your real estate questions or concerns contact Steve Lipkin and the LipVT Team at Steve@LipVT.com or 802-846-9575.

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            Do You Own Your Land?

            Photo: Farmland in Thetford, Vermont. One of the many VT towns effected by land leases. 

            Donna and Travis Jocelyn woke to a rude awakening when a title search on their property in the closing stages of their transaction revealed an enormous obstacle; The City of Burlington owned the land they had called their own for years. The couple had been looking to downsize from their New North End residence to a small condo to mitigate property taxes. After much discouragement in their selling process, finding a buyer was a blast of new hope – until the buyer’s attorney conducted a title search to make sure there weren’t any unpaid taxes on the property. A document dating back to the 1700’s created by the governors of New York and New Hampshire, still under British sovereignty, revealed the land was in fact owned by the City of Burlington for potential land leases for fundraising purposes. Provisions in these leases would allow settlers to occupy the land for “as long as grass grows and water runs,” allowing occupants to settle on, but never sell the land. Eventually the individual towns became responsible for these land leases, and over time they stopped collecting rent. The City’s claim on these deeds hasn’t been a problem until now as analysis of record is becoming much stricter. Burlington, just in time for the sale, granted a quitclaim deed releasing all claim to the property and transferring it to the Jocelyns. It’s expected that hundreds, if not thousands of Burlington residents will be effected by the land leases in the coming years. Officials are discussing a possible solution to the problem – a statewide policy that terminates the city’s three century old claim to the land. Until then, purchasing title insurance as soon as possible after the acquisition of a property will help avoid this obstacle for homeowners and investors alike. Contact Steve Lipkin and the LipVT team for more info!  

            Burlington's 33rd Annual Discover Jazz Festival

             

            Discover Jazz. 2015. Festival, Burlington, VT.

            Photo: Just one of the many performances at the 2015 Discover Jazz Festival on the iconic Church Street.

            Burlington will be bustling a bit more rhythmically starting June 3rd until the 12th. Discover Jazz’s 33rd annual jazz festival presented by Northfield Savings Bank kicks off early this month featuring artists such as Juan De Marcos, Randy Newman, and Long Trail Live to stimulate Burlington’s streets. This is continuously one of the largest annual events in Vermont. Discover Jazz hosts the festival every year in hopes of raising awareness and appreciation for jazz music, showering the local community with education, and provide an opportunity for local artists to showcase themselves. The event is produced by the renowned Flynn center, so we’re all in for a treat. Steve and the LipVT team will definitely find themselves catching a few shows this June between showings!

            To purchase festival tickets: https://discoverjazz.com/

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