Apr 3, 2026
Update on Lot 505
To all Legend at Bergamont Estates HOA members:
There have been recent developments regarding Lot 505, the large vacant lot on Winged Foot Drive adjacent to the Bergamont pool parking lot.
As you are probably aware, this property has been for sale for the past couple of years. The developer of our subdivision, Fiduciary Real Estate Development, Inc. sold it in January 2026 and the new owners relisted it for sale shortly thereafter.
Within the past few weeks, a new buyer has entered into a contract with the current owners to purchase the property for development. This buyer has been in discussions with the HOA regarding some of their concepts for development and wants to work with the HOA to create a development that fits with the character of the rest of our subdivision. Given other scenarios that could have played out for Lot 505, this is a VERY POSITIVE situation.
There are still a lot of steps required for the buyer to get to the point of having a detailed plan ready for implementation, including gaining Village of Oregon approval. The buyer is having his initial meeting with the Village Planning Commission on April 9 to review preliminary concepts for development and discuss a possible change in zoning to allow single family homes consistent with the rest of our subdivision. The property is currently zoned for multi-family. No decisions will be made at this meeting.
There are very few specific details to share at this time. The buyer's planning and due diligence efforts are expected to take more than 3 months. We intend to stay in contact with the buyer and the Village during this period.
As development plans come more clearly into focus and meaningful information becomes available that can be shared with our membership, we will keep you up to date.
If you have specific questions or concerns, please feel free to call Jim Purdin (608-628-1584) at your convenience.
Your HOA Board of Directors.
There have been recent developments regarding Lot 505, the large vacant lot on Winged Foot Drive adjacent to the Bergamont pool parking lot.
As you are probably aware, this property has been for sale for the past couple of years. The developer of our subdivision, Fiduciary Real Estate Development, Inc. sold it in January 2026 and the new owners relisted it for sale shortly thereafter.
Within the past few weeks, a new buyer has entered into a contract with the current owners to purchase the property for development. This buyer has been in discussions with the HOA regarding some of their concepts for development and wants to work with the HOA to create a development that fits with the character of the rest of our subdivision. Given other scenarios that could have played out for Lot 505, this is a VERY POSITIVE situation.
There are still a lot of steps required for the buyer to get to the point of having a detailed plan ready for implementation, including gaining Village of Oregon approval. The buyer is having his initial meeting with the Village Planning Commission on April 9 to review preliminary concepts for development and discuss a possible change in zoning to allow single family homes consistent with the rest of our subdivision. The property is currently zoned for multi-family. No decisions will be made at this meeting.
There are very few specific details to share at this time. The buyer's planning and due diligence efforts are expected to take more than 3 months. We intend to stay in contact with the buyer and the Village during this period.
As development plans come more clearly into focus and meaningful information becomes available that can be shared with our membership, we will keep you up to date.
If you have specific questions or concerns, please feel free to call Jim Purdin (608-628-1584) at your convenience.
Your HOA Board of Directors.
