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Luke Clavelle

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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    Sinex and Burlington - A $200 million Disagreement

    Photo: A 3d model of how the town center will look post development.

    The clock is ticking for Burlington Town Center owner, Don Sinex. For some time now, Sinex has been working to redevelop the struggling downtown Burlington Mall. Sinex is seeking a zoning change to allow for a height increase which Sinex says is necessary to increase density to make the $200 million development viable. Reaction is still mixed among Burlington residents with strong opinions on both sides. Opponents to the development site concern that a zoning change allowing any part of the complex to rise to 14 stories will create a dangerous precedent and irrevocably change the city skyline. Those in favor say the change is necessary to improve the city’s chronic housing shortage and will help create jobs. Stay tuned to see if the approximately 1,000,000 new sq ft of development will be taking place, 246,000 of which are dedicated to retail, 340,000 to office, 307,000 to residential and 355,000 to a new parking garage. 

    To read the full article:

     

    http://www.burlingtonfreepress.com/story/news/2016/05/25/burlington-town-center-owner-pushes-back-opposition/84920172/ 

     

     

     

     

    Shelburne vs. Vermont Railways Inc.

    Picture: The president of Vermont Rail Systems, David Wulfson, speaks on behalf of the company’s new facility to a group of people at the Shelburne Community School.

    The Town of Shelburne has filed a lawsuit against Vermont Railways earlier this year in dispute of a transfer and storage facility in which preparation is already under way. The facility is being prepared in close proximity to the LaPlatte River and Shelburne Village, causing the town to have become wary of nearby wetlands as well as traffic flow. Environmental advocates have harshly objected to the railroad’s developing facility as it obliterates a now standing crucial buffer zone to the river. The company has already cleared 18 acres in preparation for the structure, but it can’t proceed with actual construction until the next round of hearings in late April.

    To read the full article: http://www.burlingtonfreepress.com/story/news/local/2016/03/11/shelburne-salt-shed-case-advances-court/81488204/

    Please contact Steve Lipkin and the LipVT team for any and all of your real estate needs!

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    Queen City landlords get an energy boost!

    An interesting business opportunity has slid on to the plate of Burlington multifamily property owners.

    Photo: Building performance specialist Jeremy King inspects a Burlington multifamily property for heat fluctuation using an infrared camera.

    There's been a long time tug-of-war between Burlington landlords and tenants. Why would a Burlington landlord fret over a tenant's high heating bill? On the contrary, why would a tenant give thought to maximizing a landlord's long-term investment in their property?

    The simple answer: neither does. And that's exactly why numerous Burlington multifamily properties have been neglected as far as improvements go in the past years. 

    Energy Champ, a program developed by Vermont Gas Systems and Burlington Electric Department, is a possible solution to the predicament. The program is split into two stages. Stage one for a landlord is having energy auditors conduct a walkthrough of the entire building. The auditors use tools such as infrared cameras to determine how well the structure retains heat, and calculate the investment a landlord would need to make to achieve total heat efficiency. Stage two of the program for the landlord is making the improvements suggested by the auditors.

    Oh, and I forgot to mention, Vermont Gas Systems and the Burlington Electric Department will cover up to 75% of the total improvement cost the landlords incurr. 

    This has created an awesome opportunity for Queen City landlords. Not only can they do their part in making our planet energy efficient, but they can keep tenants in their properties longer as tenants tend to stay in an apartment longer the lower the heating bill is. They also have a darn good chance at increasing the resale value of their property more so than what they invested in Energy Champ. 

    To read the full article: https://www.burlingtonfreepress.com/story/life/green-mountain/2016/02/21/landlords-burlington-leap-energy-upgrades/80397658/

    Bessery's Meat Market Redevelopment

    Wondering what happened to Bessery's Meat Market in the New North End of Burlington?

    They are rebuilding the store to include a new buther shop, quality deli and creamee/italian ice window.  In addition to the first floor store there will be two 2 bedroom apartments on the second floor.  

    Bessery's is offering a discouunt if you invest in their future - 

    http://www.besserysqualitymarket.com/crowdfunding.html .

    Please let us know if you have any questions or are interested in Burlington Real Estate.

     

    Burlington YMCA still searching for a buyer for College St. Property

     

    Despite having been listed for sale in August, the Burlington YMCA has not yet found a buyer. Seven Days contributor Molly Walsh, in her 12/2, reports that the property is listed for $3.75 Million.

    The YMCA recently paid $2.5 million for the former Ethan Allen Club just up the hill at 298 College Street. The Y has undertaken a capital campaign to raise funds to convert the space to a modern recreational facility.

    Time will tell how the corner of College and South Union Streets will develop but it's a fair bet that significant change is on the way.

    Read the full article from Seven Days here and reach out to the team at www.lipvt.com with any real estate questions. 

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