The Richmond Register

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January 3, 2012

Begley Properties buys more land around Exit 83

RICHMOND — Begley Properties LLC of London moved late last month to expand its land holdings around Exit 83 off Interstate 75.

After paying more than $21.2 million for 362 acres around three corners of Exit 83 in June and July, Begley paid nearly $1.37 million Dec. 28 to Margaret Russell Coy for 19.5 acres in the northwest corner of Duncannon Lane and Caleast Road.

The Duncannon/Caleast crossroads is a short distance from Exit 83, where Begley Properties owns the northwest corner and both south-side corners.

The family of Sue Chenault retains ownership of 150 acres in the interchange’s northeast corner.

While Begley’s previous purchases lie within Richmond’s corporate limits, the most recent purchase appears to be in the county, according to an interactive map on the city’s website, richmond.ky.com.

Developer’s typically request annexation and new zoning prior to developing property.

Property across Caleast Road to the west and Duncannon Road to the south of the purchase from Coy, falls within the city.

Land previously purchased by Begley Properties is zoned B-3 (Highway Business), the city’s least restrictive business classification. At the new owners’ request, 103 acres in the southeast corner previously zoned for agriculture were rezoned to B-3 by the city commission.

During a public hearing in August prior to the zone-change approval, Begley’s property manager David Maggard told the commission his firm had no immediate plans for the property. When developed, however, it would be something “you will be proud to have as a gateway to your city,” he said.

Although the Madison Fiscal Court has created a “Gateway” business zone and applied it to some areas around Exits 95 and 97 of I-75, the Richmond City Commission has no similar zoning category.

Begley Properties LLC is controlled by a four-member board, according to the Kentucky Secretary of State’s website. They are Charles, George and James Begley, plus Curtis J. Asher.

Bill Robinson can be reached at brobinson@richmondregister.com or at 624-6622.

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