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Thursday, August 23, 2007

Chautauqua Lake Condos

Crews dig in on Bemus Point condos

Business First of Buffalo - 12:22 PM EDT Thursday, August 23, 2007

Construction has begun on the first new upscale condominium project in Bemus Point in several years.
Crews have started pouring the foundations for the 40-unit Bemus Bay Condominiums. Located on the edge of Chautauqua Lake, the project is being constructed on the site of the long-closed and demolished Browning and Columbian hotels. In a nod to the property's historic past, the project's developers, Lee Chilcote and Paul Goldberg -- both of Cleveland, have named the two condo buildings after the hotels.
The Bemus Bay Condominiums will be constructed in two, four-story buildings. Each unit comes with a boat slip. The units range in size from 1,525-square-feet to 1,700-square-feet with prices averaging about $500,000, said Pete Holt, a principal broker with Howard Hanna Holt Real Estate in Bemus Point. Howard Hanna Holt is marketing the condo project.
Holt said 16 of the 40 units are under contract with a mix of buyers coming from the primary marketing area of Cleveland, Pittsburgh and Buffalo.
"This is really a vacation or second-home orientated project," Holt said. "Although, some may end up buying (one of the condos) as their primary residence."
All of the units come with three bedrooms. There are four variations to the basic floor plan.
Besides the Chautauqua Lake slips, other amenities include a community swimming pool and gazebo. Every unit has either a private balcony or porch that overlooks the lake.
The units were designed by the Jamestown architectural firm of Harrington Sandberg Architecture & Engineering P.C.
The project is expected to be completed by June.
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