Ambitious Lake Charlevoix Development Planned
A developer announced plans to turn the site of the former Wolverine Power Supply Cooperative coal burning electric plant in Advance into an upscale luxury condo-marina development. Fred Taylor, of Rome, Georgia (and formerly of Ellsworth) plans to meet with Eveline Township officials today to outline his plans for the site, which is located on the Southern shore of Lake Charlevoix, just West of Boyne City.
In an industrial reclamation project akin to a micro Bay Harbor, Taylor would like to build 84 luxury condominiums on the site which boasts 1900 feet of lake frontage, with each condo to be approximately 2000 square feet in size, and with asking prices from $650-$850K. In addition, two marinas are planned, with 52 slips on an inland harbor and 84 slips on Lake Charlevoix.
The developer plans to spend $52 million on the "Sommerset Pointe Marina and Condos" project. He anticipates that once permits are secured, construction of the project will take 18 months to two years.
Condos May Rise at Boyne [TC Record-Eagle]
In an industrial reclamation project akin to a micro Bay Harbor, Taylor would like to build 84 luxury condominiums on the site which boasts 1900 feet of lake frontage, with each condo to be approximately 2000 square feet in size, and with asking prices from $650-$850K. In addition, two marinas are planned, with 52 slips on an inland harbor and 84 slips on Lake Charlevoix.
The developer plans to spend $52 million on the "Sommerset Pointe Marina and Condos" project. He anticipates that once permits are secured, construction of the project will take 18 months to two years.
Condos May Rise at Boyne [TC Record-Eagle]
2 Comments:
When will this come to fruition Stefan? Has your office been involved in the planning or coordination efforts? I'd love to put one of my boats there (I have on in Bay Harbor). Will the condo's be more opulant than the ones at Petoskey POinte?
Looks interesting. Much nicer than Petoskey Pointe...but that is not a fair comparison, they serve different purposes. What is the status of this? Planning stage or is this actually going to happen.
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