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Beavercreek-controlled 54-acre Willow Crest parcel to be transferred to development corporation, sold to Rockford Homes under agreement
Summary
The Beavercreek Development Corporation and city staff outlined plans to transfer a 54-acre parcel acquired for stormwater improvements back to the private market; the BDC recommends Rockford Homes and Rockford will have 180 days for due diligence after the transfer.
Bob Doyle, president of the Beavercreek Development Corporation, told the City Council the city purchased roughly 54 acres on the east side of Grange Hall Road near Shakertown Road as part of the Willow Crest stormwater improvement project in late 2023, using American Rescue Plan funds to pay for the work.
Doyle said the city’s original intent was to complete the stormwater project and return the land to the private market. The city issued a request for proposals in August 2024 that limited future use to low-density residential development consistent with the city’s land use plan; five proposals from four developers were received by the October 2024 deadline.
"Ultimately, the BDC recommended the Rockford Homes proposal," Doyle said. "We anticipate that closing will occur near the end of that 180 day window assuming all approvals and conditions are satisfied." Under the terms Doyle described, Rockford Homes will have 180 days for due diligence after the Beavercreek Development Corporation completes its purchase from the city; the transfer ordinance takes effect on 2025-05-14.
Doyle told council the BDC judged proposals on compliance with the RFP, feasibility and financial return, and selected Rockford because it offered the highest bid and highest return to the city. After the transfer and Rockford’s due diligence period, Doyle said the land is expected to return to the private market for residential development consistent with the city plan.
No city vote on the transfer was recorded in the meeting transcript; Doyle presented the timeline and said negotiations with Rockford Homes were complete and the BDC would enter a purchase contract after the transfer takes effect on May 14, 2025.
