A development group has entered into a contract to acquire the Breakaway traditional neighborhood development. Founded in 2005, Breakaway struggled to make significant progress following the financial crisis. However, after a number of years, the project is moving forward again.
Breakaway Development, L.L.C., which expects to purchase the project in early June, includes principals who have a long history of prior experience with the project. Brandon Quinn was one of Breakaway’s first builders. Eric Seals has also been involved with the project for many years, having purchased some of the community’s first lots. Finally, Steve Martin was the neighborhood’s initial developer and founder.
Quinn, Seals, and Martin have joined forces to bring the original vision for the community to fruition. “Eric, myself, and a small group of investors bought the project two years ago,” said Quinn. “Shortly after, the ski resort was purchased, and is being upgraded significantly. It is great to see the energy on the mountain again.”
The three have stated that they intend to move forward with the original plan for the project, and plan to adhere to the new urbanism design principles it was based on. “There is a lot of excitement surrounding finishing the project,” said Martin. “Breakaway was an excellent concept, with all of the pieces to be an amazing community. I have been disappointed for many years that it lost its way, during the financial crisis. I couldn’t be happier to come back to finish it.”
The first new house in a number of years is under construction at Breakaway. And the developer group expects to begin infrastructure construction this summer.
