By BRADEN LAMMERS
Plans that will allow Re/Max First to relocate and expand its business were approved at a Jeffersonville Planning Commission meeting Tuesday.
The Jeffersonville-based real estate company will move from its 3,200 square-foot space on Williams Drive to a new two-story, 9,100 square-foot building to be constructed along Veterans Parkway across from the intersection of Charlestown-New Albany Road.
In addition to the larger space, Bill Burns, owner of Re/Max First, said the company will expand the scope of services offered when it moves into its new location, adding on-site title and mortgage services. Burns said about 20 Realtors will also be added to the RE/Max staff, bringing the number of employees to about 50 following the expansion.
Burns said he hopes construction will be able to begin at the end of December and have the building completed in five to six months.
The expansion of a real estate business reinforces the perception that the area is poised for growth.
“It shows that we are growing, that our real estate market is growing,” said Jeffersonville Planning and Zoning Director Shane Corbin. “What we are hearing from developers is with the growth in River Ridge there are going to be a lot of opportunities for residential growth.”
Burns said he shared some of the expectations for the real estate market and said the national trend is improving.
“The market is actually coming back,” he said. “Clark and Floyd County are pretty strong right now.”
Burns said interest rates are pretty low and there are a number of homes on the market. However, he added that the area has not yet seen the impact in the housing market from recent business expansion, specifically, at River Ridge.
“We’ll see growth from River Ridge, but it’ll be a six-month lag in purchases,” Burns said.
He explained the tendency for home buyers is to wait until they are comfortable in their jobs and incomes before they commit to purchasing a home. The six-month lag he referenced should allow new Amazon.com employees to be settled in about the time that Burns’ new Re/Max building is open for business.
For more information about Re/Max First visit www.28first.com