Quote:
Originally Posted by John Mercier
Is there water and sewer nearby?
Flat land without ledge and easy access to utilities holds high value...
But you can also build a commercial operation in a lease or condo variation below the residential lease or condo units.
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No. 4 years ago, I assisted an RI developer who wanted to build a mall complex similar to other resorts with commercial as well as residential condos. The sticking point was water and sewage access. Since there is no access, the idea is questionable as to ground sustainability. He shelved the idea. The RI developer is related to the original Gunstock Acres developer, Cherry Valley Road condos, and Pier IV at the Weirs.
Tamposi is related to the Tamposi developers in the Nashua, Bedford area. He also bought Dave's Motorboat Shoppe land and building. I believe he is renting out the space to a marine shop manager. His plan for the property is anyone's guess.