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Encanto Village revived with new owner

Post-foreclosure, midtown homes to tout sustainability

A small new-home subdivision in midtown that was launched in the midst of the housing market crash, then slid into foreclosure, is getting another chance with a new owner.

Encanto Village, an 11-home development in the Miramonte Neighborhood north of El Con Mall, attracted its new owner, Crew Development Corp., due to its potential for "new urbanism," said the real estate broker representing the property.

The idea is to promote sustainable living by offering people a lifestyle in which they can shop and work near home, said Len Casebier of the Savi Real Estate Group.

Two homes already had been built. Construction on two other homes has started, and the developer is in the process of completing the common areas.

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