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Beach, Virginia, at the time the petition was filed. In 1987,
Lakewood purchased approximately 632 acres of unimproved real
estate located on Elbow Road in Chesapeake, Virginia, to
construct single-family homes in a residential development to be
called Elbow Lake Estates (Elbow Lake property). Lakewood
purchased the property from R.G. Moore Building Corp. (Moore
Corp.) for a purchase price of $8,860,000 and granted Moore Corp.
a 55-percent general partnership interest in the Lakewood
partnership. Lakewood intended to develop the property in
conjunction with an adjacent 59.7-acre property, the Boy Scout
Tract, owned by Lakewood's tax matters partner, Robert G. Moore.
Mr. Moore has been a real estate developer and contractor for
over 40 years.
At the time Lakewood acquired the property, it was zoned for
agricultural use. On February 8, 1988, Lakewood applied for
rezoning of the Elbow Lake property from an agricultural district
to a single-family residential district. Following a public
hearing, a staff report to the Chesapeake Planning Commission
recommended that the Commission deny Lakewood's proposed rezoning
because the proposed residential development would create traffic
and education demands that could not be met by Lakewood's or the
city's budget. In addition, the staff report cited problems with
the planned sewer system on the property, which did not meet city
requirements, and the local government's inability to serve the
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Last modified: May 25, 2011