November 25, 2024November 25, 2024

Real estate partners announce approval of zoning change

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Real estate partners announce approval of zoning change

Published 12:30 pm Monday, November 25, 2024

McGrath Real Estate Partners announced a zoning change request for approximately 50 acres of land located on CR 300 was approved recently by Lafayette County officials.

The Lafayette County Board of Supervisors approved the transition from Residential Low Density (R-1) to Residential High Density (R-3) zoning, enabling McGrath Real Estate Partners to develop a high-quality, student housing and for-sale single family residential community to meet the growing demand.

As recent housing studies have shown, Lafayette County and Oxford are experiencing rapid growth due to the University of Mississippi’s expansion. Currently, there is no other land zoned as R-3 within the county.

By allowing higher density, the project will offer greater housing capacity with reduced impact on local land, providing a sustainable solution to the rising demand.

Site planning and design for the project is currently underway, with construction set to begin in late spring 2025. The development is anticipated to open in Summer 2026.

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