The Review, Vol. 34, #17, June 12, 2019 Copyright 2019, Maharishi University of Management
Construction of 55 More Town Homes Begins in North Campus Village Low-cost town homes in North Campus Village continue to be popular, with all 57 units in Phase 5 of construction having been sold and construction now beginning on 55 additional town homes. The low price has been made possible by Iowa’s incentives for home construction and the use of a standardized design by codeveloper BRD Contracting. In the new phase, the price of a one-bedroom, one-bath home will start at $82,500. This phase will feature a wider variety of options, with some of the town homes having three or four bedrooms and a full basement at a base price of $231,500. Mid-sized two-story town homes similar to those in Phase 5, with two bedrooms and one-and-a-half bathrooms will start at $115,000. While Phase 5 had three homes per building, Phase 6 will have a mix of three- and five-unit buildings, some with one story, some with two. The strong demand is due in part to people from around the country and the world wanting to move to Fairfield to be close to MUM. Many are teachers of the Transcendental Meditation technique who have spent time at the university in the past. “This is their intentional community of choice,” said Martin Brett, the developer. “They want to live in this community of meditators and live in a home built according to Maharishi Vastu design.” Mr. Brett and his company, Vastu Partners, have now accepted reservation fees on 20 of the planned 55 homes. He expects to have reservations on all 55 within three to five months. This will be the final development in North Campus Village. Mr. Brett said any further low-cost developments in the future will depend on whether the state continues to offer the incentives that make it feasible to build them.. North Campus Village is located at the north end of campus within walking distance to MUM and the Domes. See www.vastupartners.com <https://mum.us17.list-manage.com/track/click?u=0baef123e6d28ab4b21c9087a&id=8faa1b3578&e=97c4601d14>.
