Ethical investment: News
Land Preservation: New breed of land buyer's hot property 25/08/2006
Author: Lianna Brinded
Maine's Sunday River area is "breaking the mould" for land development by delivering both environmental advocacy and prestige to meet the needs of a new breed of customer.
In a unique twist, a southern New Hampshire developer focused on breaking that mould, for purely profitable landscaping, struck a balance between environmental conservation and this element, while offering premium lots that the company, will attract this new breed of environmentally conscious land buyers.
LandSource LLC, a sister company of James W. Powers Inc. and Northern Acres, is about to launch Great Brook Preserve in the Sunday River, Maine, area, which is dedicated to attracting an evolving group of customers that are strong environmental advocates and also are seeking premium quality for primary, secondary or retirement homes.
Of the original 8,700 acres purchased by the developer, only 6 percent is being developed. After selling a large tract, the developer has donated more than two-thirds of the remaining land, or 1,100 acres, to conservation land trust, in which the land is preserved in perpetuity. Land has been deeded to a non-profit land trust, Western Maine Charitable Foundation.
This donation plays a very important role in a large scale conservation effort in the state of Maine. David Herring, the Executive Director representing the foundation indicates that, "This several-hundred acre donation of land is a critical link for Western Mountains Foundation into Newry from the north/east and links our corridor to the Outward Bound L.L. Bean Mountain Center." Mr. Herring adds, "It is a very important piece of land for us and moves us one step closer to achieving our objective of conserving a 180-mile corridor from Rockwood to the Newry area and building and operating a hut and trail system."
