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Thursday, January 9, 2014

Developer proposing to breathe new life into Maidstone at New Kent Courthouse

New Kent County
“A Richmond developer is proposing to revitalize a village development at New Kent Courthouse that has remained stagnant since undergoing bankruptcy and foreclosure proceedings two years ago. The Maidstone development, part of the New Kent Courthouse Village project, had its beginnings nearly 10 years ago as the brainchild of county resident John Crump. His ambitious plan for housing and commercial development progressed slowly before taking a sharp downturn when the economic recession struck in 2008…

Now, Richmond-based Maidstone Group LLC, headed by developer John Adamson, is stepping in. County circuit court records reveal the group bought the residential component for $350,000 from Colonial Virginia on Nov. 1 with deed transfer occurring on Nov. 4. Then on Dec. 13, the group completed purchase of Maidstone’s commercial component from Essex Bank for $1,125,000. The deed transfer was recorded in county circuit court on Dec. 30. Crump, meanwhile, said he has conferred with Adamson and expressed delight that the new developer plans to continue with the traditional English village concept for Maidstone.”
~Writes Alan Chamberlain of The Chronicle


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