New Owners For Downtown Properties
Crozet Gazette Friday, April 08, 2016 at noon
Architect Kurt Wassenaar and real estate investor Mark Green are the principal partners in a group of investors that recently bought the main commercial properties in north downtown Crozet.
The group, operating as Blue Springs Development, based in Charlottesville, paid $1.46 million for the stores stretching from Over The Moon Bookstore to the Crozet Great Valu, about 25 percent less than the county’s tax assessment value of $2.1 million. Their Crozet project is incorporated as Crozet Center Partners LLC.
The properties had been gradually assembled into consolidated ownership over many years by former owner Frank Wood. His heirs came into it upon his death about 10 years ago. Renee and David Wyant had been serving as property managers and oversaw recent improvements intended to catch up maintenance issues.
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