Groundbreaking for Coldwater Reserve

Craftsmen Developers today announced the ground-breaking for Coldwater Reserve, a new single-family home community located in Severn, Md. adjacent to the Severn Run State Park and Fort George G. Meade.

When completed in the spring of 2011, Phase I will consist of 50 homes, according to Dennis Gilligan, president and CEO of Glen Burnie-based Craftsmen Developers. The second phase, to begin construction when the initial phase is complete, will consist of 67 homes.

Bounded on three sides by the Severn Run State Park, green spaces and environmental conservation areas, Coldwater Reserve is situated along Burns Crossing Road adjacent to more than 1,700 acres of wooded natural habitat in the Severn Run Natural Environmental Area, land owned by the state and managed as a buffer zone to protect the water quality and scenic value of the Severn River.  Coldwater Reserve is convenient to Fort Meade, making the community an attractive location for those who relocate to Maryland as part of the Federal Base Realignment and Closure (BRAC) program, which is bringing additional jobs to the region in the coming years.

Craftsmen Developers is partnering on the project with Mandrin Homes, Pasadena, Md., and Saybrook Community Capital, Santa Monica, Calif., a private investment management company that invests in the acquisition and development of residential land for homebuilding companies.  “Coldwater Reserve is a unique, infill community,” said Dan Hayes, a partner with Saybrook Community Capital. “It features large lots in a tranquil, natural setting located just a short drive from the employment centers, shopping districts and neighborhood services in the BWI Corridor.”

As one of the first land development firms in the U.S. to secure the 4-star Green Land Development Certification designation for a project (Wharton’s Bluff, Millsboro, Del.), Craftsmen Developers will pursue a green designation for Coldwater Reserve as well, working closely with Mandrin Homes, which developed the first National Association of Home Builders Green-Certified Community in Maryland, and has built more NAHB-certified green homes than any other home builder in Maryland.