Traditions Capital Project Types*
Active Adult New Construction.
Property is fully entitled to begin land development and home construction. The planned community is age qualified and may be for sale or rent. The plan may include single family detached and single family attached homes, as well as multi-family buildings. Communities typically include significant amenities such as golf courses, clubhouses, pools, tennis centers and other recreational attractions. Occupancy of the homes has certain restrictions as to age based on the Fair Housing Act.
Age Targeted Communities.
Similar to the above housing products but without any age qualifications for occupancy. Nonetheless, the designs of these communities meet the needs of older residents featuring single floor living models, universal design details, maintenance free living, generous amenity plans and ample social activities.
Mixed Use Residential Projects.
Projects, while predominantly residential, and containing Active Adult components, have a variety of land uses. These developments may be Planned Residential Developments or other master development plans that include conventional housing, senior housing, multifamily rentals, retail and commercial spaces.
Residential Land Developments.
Sites funded are zoned appropriately for a wide range of residential uses. The land is to be improved from a zoned but raw condition to finished lots ready for a builder to build on. The developments require the completion of all basic infrastructure including storm sewer, sanitary sewer, water systems, utilities, roads and public areas. Additionally, the development may include a wide variety of amenities.
Property funded is properly zoned for its intended residential use however not all approvals or permits are in place. The developer is diligently completing the entitlement process and expects to commence land development typically within 2 years.