Bundoran Farm, the preservation development near North Garden and Batesville in Southern Albemarle was foreclosed on last year.

Dave McNair at The Hook reports on how they’re moving forward under new ownership. I’ve always loved that development and wish it was viable on a larger scale.

Either way – as Dave reports, they should be able to make a much better run at it; the original price in 2006 was $31 million; the foreclosed sale price was $7.5 million.