Bemus Bay will be a 40-unit condominium complex to be constructed on the shores of Lake Chautauqua, NY. The units will be contained in two identical 4-story buildings. All units will have decks with lake views, and each unit owner will have a boat slip in the adjacent marina. Final approvals are imminent and construction is scheduled for 2006-2007. The initial financing for the land acquisition and preliminary development activities was provided by National City Bank of Cleveland, OH. A $13,375,000 construction loan was secured from Jamestown Savings Bank, a division of Northwest Savings Bank. Flagship's partner is Lee Chilcote, a Cleveland-based real estate attorney. | 
No comments:
Post a Comment