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-   -   48 New Condos Overlooking the Lake (https://www.winnipesaukee.com/forums/showthread.php?t=27643)

TiltonBB 12-13-2021 07:30 AM

Quote:

Originally Posted by FlyingScot (Post 365246)
On #2-- it is really tough for me to see the attraction of this spot for either a vacationer or full timer.

Of course, it was also tough to foresee what would happen to waterfront prices over the past couple of years...

Because of the limited and expensive supply of waterfront properties this project could fill a gap. If people can get boat storage at one of the three marinas in the area then restaurants, the public beach, and their boat are all within a 5 minute walk.

It is not where I would want to be but there will be a market for them. The views should be spectacular and for non boaters and retired people that may be enough to get them to buy.

I would suspect that the majority will be used by seasonal or weekend people and that may have been seen as in the city's best interest. I think housing that does not add to the cost of services like the schools are generally viewed favorably. Constructing this project will result in the large vacant lot having a significant bump in tax revenue to the city.

WinnisquamZ 12-13-2021 09:03 AM

The city also recently approved a 90 unit market rate apartment building in the south end area. Will assist those looking to relocate and get a foothold in area


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AC2717 12-13-2021 09:38 AM

excellent opportunity missed to put a hotel with a year round indoor waterpark in that location

fatlazyless 12-13-2021 09:40 AM

Hey ..... here's a new angle .... it says ..... "Areas adjacent to this property are also listed on the National Register for their archaeological significance" ..... and is considered to be a "major Native American archaeological site." "The Native American village, whose archaeological remains extends for a half mile along the river and a quarter mile along the lake, has been documented through archaeological investigation to have evidence of settlement from 9,000 BCE to the late seventeenth century."

Any chance this 8.17 acres of undeveloped hilltop and hillside land maybe once was home turf for the Abenaki Native Americans who maybe used the hill top location for its outstanding lake views?

One fine day, many moons ago, one Abenaki was looking out at the big lake, taking in the big VIEW and exclaim to another Abenaki: "Look-um there ..... what-a-VIEW! .... someday this land be worth heap big money when no-good white man get here and ruin everything with over-development ..... ugh!" ..... :banana:

The very nearby New Hampshire Veterans' Association Historic District ...... http://www.wikipedia.org/wiki/New_Ha...toric_District has 7.7-acres with 18 historic buildings, is what it says .... and has been there since 1875, and purchased the land in 1924 from the railroad with assistance from the N.H. legislature for $4000 ..... http://weirsbeach.com/reasons-to-vis...tory/veterans/ ..... Does it pay property tax or is that a dumb question?

Wonder if the 8.17 acre hill top lot and the 7.7-acre Veterans' Assn lot are abutters and have a boundary line in common? Who knows .... maybe the N.H. Veteran's Assn will go for the gold and choose to sell their land for the big money it could get and move everything out to New Hampton-Rt 104, out back that large state liquor store, and create a very happening Civil War-N.H.Veterans' family amusement park just like www.dollywood.com in Tennessee! They could set up an old cannon and everyone could go there and get blasted! ..... spend money on historical Civil War venues that create Civil War jobs and raise revenue .... all year long .... 52-weeks ..... and give all the Exit-23 tourists a good new spot to hit

Looking down the road five to ten years ahead, maybe this new development to be built by https://maggiore.co will make the N.H. Veterans' Assn a 24-carat golden offer for their 7.7-acre land and the N.H. Veterans' Assn will choose to take it.

Another place for the NH Veterans Assoc to relocate could be a back lot that's close to Ahern State Park and the former location of the infamous Laconia State School which would keep their new Civil War tourist venue remaining inside Laconia as well.

Did you know that Lakeside Ave, Weirs Beach area used to be a year-round residential neighborhood up till 1696 ..... www.wikipedia.org/wiki/Aquadoctan ..... "one of the largest known Native American villages in what is now the U.S. state of New Hampshire" ....... so many many moons ago! ..... "evidence of settlement from 9,000 BCE to the late seventeenth century."

"Colonial reports document that the site was abandoned substantially in 1696, when most of New Hampshire's remaining native population withdrew to join the Pequawket at present-day Fryeburg, Maine."

Woodsy 12-13-2021 11:03 AM

It is my understanding the developers have had ZERO contact with NVA...

Woodsy

joey2665 12-13-2021 11:34 AM

Quote:

Originally Posted by AC2717 (Post 365256)
excellent opportunity missed to put a hotel with a year round indoor waterpark in that location

The developer we see a much larger and faster ROI on the condos that a hotel/water park. Although I agree for them area long term a hotel would have been better


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Descant 12-13-2021 12:14 PM

Condo's? Hotel?
Time share at $30K/ wk could be $1.5 Million per unit. Even $20K would be a Million. No pressure on the schools looming in the future. Need some sort of tram up/down Tower Hill.

codeman671 12-13-2021 12:51 PM

Quote:

Originally Posted by Descant (Post 365268)
Condo's? Hotel?
Time share at $30K/ wk could be $1.5 Million per unit. Even $20K would be a Million. No pressure on the schools looming in the future. Need some sort of tram up/down Tower Hill.

Are people really paying that much for timeshares these days?

I bought one years ago at Eastern Slope Inn in North Conway, week 2 red week for $20 on ebay with closing costs paid (yes, $20!). People want to dump them. Years later I gave mine away after not using it much and spending a lot on RCI fees and annual maintenance, the person that took it handled the transfer expenses.

I have a week at the Windrifter in Ogunquit that I am trying to give away for my parents...Any takers?

TheTimeTraveler 12-13-2021 01:01 PM

Quote:

Originally Posted by Descant (Post 365268)
Condo's? Hotel?
Time share at $30K/ wk could be $1.5 Million per unit. Even $20K would be a Million. No pressure on the schools looming in the future. Need some sort of tram up/down Tower Hill.

One of the biggest problems for developers of Timeshare Systems is what do you do with all the unsold weeks during undesirable times?

In NH you have Late Spring Season, Summer Season, Fall Leaf Season, and Ski Season. What do you do with those "mud" weeks in April, or those weeks in November?

Descant 12-13-2021 01:38 PM

Not a good market anymore?
 
Perhaps my thoughts on the time share market are off point. I sort of thought snake oil salesmen could sell almost anything, just need the right customer. If I recall correctly the sales commissions were huge for selling the "off Weeks" and special deals if you bought a good week and a not so good week package. In the 80's, going to time share presentations was a sort of afternoon entertainment, and you got some kind of gift that you could sell later.

John Mercier 12-13-2021 06:27 PM

Quote:

Originally Posted by joey2665 (Post 365264)
The developer we see a much larger and faster ROI on the condos that a hotel/water park. Although I agree for them area long term a hotel would have been better


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It was looked into by Rusty and a team from Marriott... it didn't pan out. I seriously doubt the hotel idea at Gunstock will find the foothold that he hopes for either.

John Mercier 12-13-2021 06:42 PM

Quote:

Originally Posted by FlyingScot (Post 365246)
On #2--Waterfront inventory is super low, but there are at least 3 places within walking distance of my house for sale on nice, quiet wooded lots. As John noted above, it's all about the price, but it is really tough for me to see the attraction of this spot for either a vacationer or full timer.

Of course, it was also tough to foresee what would happen to waterfront prices over the past couple of years...

I had no problem seeing it.
It was just a matter of waiting for a large enough generation of Americans to be near retirement. This is not even close to the first condo development in the Weirs area... or even in the area that is being looked at.

The Brickyard was incredible, but a financial disaster. I remember swimming in the indoor pool, dancing in the disco, attempting to ski on the slopes behind it, etc... but it was a financial bust.
I think its problem was that Boomers were moving from active singles to paired parents... and as the generation coming after them, just not enough of us to spend in a comparable manner.

But are we seeing a repeat of the past cycles were heavy development occurs just before the market crashes? I remember them trying to sell the condos at Meredith Bridge for less than half the original asking price and throwing in a boat as a sweetener.

John Mercier 12-13-2021 06:45 PM

Quote:

Originally Posted by Woodsy (Post 365244)
Joey

By an adverse effect... I was referring to the HUGE increase in property values that will occur primarily on Tower Hill & Doe Ave & Methodist Circle.... essentially taxing people out of their homes.

John

Normally you would be correct in that more housing will reduce the demand and thus values stabilize. Unfortunately, there are not affordable primary residences that would reduce demand (that Laconia desperately needs) but most will be $750K 2nd home/airbnb units that out of state investors with no care but making money adore!

It is short sighted view by the Mayor & Laconia City Council... I wonder if Hosmer gets to buy 3 of these at cost?


Woodsy

It keeps them from bidding up those ''affordable primary residences''. Hosmer purchased the 3 because Rusty wanted out for some of his capital as he is intent on financing another hotel - he caught lightening in a bottle but believes it to be more than that.

joey2665 12-13-2021 07:13 PM

Quote:

Originally Posted by John Mercier (Post 365277)
It was looked into by Rusty and a team from Marriott... it didn't pan out. I seriously doubt the hotel idea at Gunstock will find the foothold that he hopes for either.

Hotels just are not where the money is right now. It’s residential development whether high, mid or low income. The ROI is just too good and fast.


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John Mercier 12-13-2021 10:16 PM

That may be the precise reason to invest in them.
Contrary investing is a well established strategy.

map 12-16-2021 10:20 PM

Sad to lose our view as we pull out of Hilliard. Also our favorite spot to watch the fireworks.

On the plus side we will finally get a crosswalk from Hilliard across Route 3.

map 12-16-2021 10:29 PM

Quote:

Originally Posted by fatlazyless (Post 365109)
You know that's actually a good thing, "a very long walk up a steep hill to get home", because driving a motorboat gives you basically little to no aerobic exercise, you just stand there and ride the power boat and maybe get bounced around, so's walking up a steep hill will probably hit that exercise, work-out spot for many, but not all motorboaters. ..... :banana:

And, just WALKING, is excellent exercise especially as you get older, and WALKING UPHILL is even better-er exercise ...... to make you physically-fit-er ...... just like Roger Federer ..... hut-hut-hut! ..... :eek:

It's normal in NH to see people walking or jogging along a road with no sidewalk but this new condo development is situated in the middle of the super steep Tower St, Rt-3, and Lakeside Ave and Rt-3 and Lakeside Ave have very nice, wide sidewalks. So, is doable for these condo dwellers to walk out their front door and go take a pretty good loop walk via Tower St-Lakeside Ave-Rt-3 with a good amount of walking safety from moving traffic.

So, what's the snow removal situation for the Lakeside Ave and Rt 3 sidewalks, and super-steep Tower St. Is there snow removal or what for locals to use the sidewalks in winter? Will Mayor Hosmer be out there with a shovel doing these public sidewalks or what! ..... hut-hut-hut ..... :D

They don’t clear the snow.

map 12-16-2021 11:04 PM

Quote:

Originally Posted by AC2717 (Post 365256)
excellent opportunity missed to put a hotel with a year round indoor waterpark in that location

YUK! What a horrible idea!

John Mercier 12-16-2021 11:21 PM

Quote:

Originally Posted by map (Post 365346)
They don’t clear the snow.

Per the ADA they have to.

sky's 12-17-2021 07:20 AM

we moved up here 23 years ago from a condo development in Milford NH beautiful units 2000 sq. ft each but like most associations you have to threaten with legal action to get anything done. take South Down Shores we did some remodeling in there several years ago and the people that approach us and complained about how the association was being run was horrible. To this day i have stopped any activity in the development. so whatever happens here will be all good for the first 5-10 years and all the mistakes will start to surface because they will seek out the lowest "bid" and then the fun starts. roofs leaking, rot repair from improper vinyl siding installers, and the list goes on.

fatlazyless 12-17-2021 07:22 AM

If property owners from this new 143 Endicott St-48 town house development ask the city to start removing the snow from the Rt 3 sidewalk and Lakeside Ave sidewalk it's a safe bet the city will remove the snow. What is it, maybe a one half mile loop walk, going along Tower St, Endicott St (Rt 3), and Lakeside Ave for a circular walk around the area. Laconia has a sidewalk snowplow and does the Lakeport and downtown areas.

Ariens makes a walk behind machine with a big rotating brush that actually does a good job for getting right down close to the asphalt, something that snowblowers do not usually do too good.

Have you seen the sidewalk snow remover in Meredith? Meredith has a very powerful front end loader, maybe 42" wide, with a snowblower that is a very strong performer.

The NH Dept Transportation does not do sidewalk snow removal, and leaves it up to the local towns which applies to the long sidewalk on Endicott St which is also Rt-3, D W Hgwy.

Maybe I can get an on-call, part time job and go hit the sidewalks there, when it snows, with my 10 year old 24" Troy-Bilt snowblower ..... hut-hut-hut! .... :D

Tower St has no sidewalk and gets snow removal by the city plows and is actually a better place to walk in the winter on the steep road than either the sidewalk on Lakeside Ave or Endicott St because their sidewalks do not get snow removal but that could maybe change with this new, big money development happening with 48 townhouses.

You know there's a snowblower repair guy in Lakeport at Lakeport Power Equipment who can keep old snowblowers running forever.

map 12-17-2021 07:27 AM

Quote:

Originally Posted by John Mercier (Post 365349)
Per the ADA they have to.

Well they do it once or twice and then they stop for whatever reason. At least for the 2 years I’ve lived here that’s the way it’s been.

Descant 12-17-2021 11:37 AM

Long ago
 
I spent a winter in the Weirs area m any years ago. There were few people there; the only businesses open were the Superette, the Fire Station and the Post Office. Occasionally a train went through. Lakeside Ave was plowed, but there was certainly no reason to clear sidewalks. Not much has changed, except the PO and the Fire Station moved to Rt 11B.

Patofnaud 12-17-2021 11:46 AM

Quote:

Originally Posted by map (Post 365345)
Sad to lose our view as we pull out of Hilliard. Also our favorite spot to watch the fireworks.

On the plus side we will finally get a crosswalk from Hilliard across Route 3.

Ditto here.

pondguy 12-17-2021 11:51 AM

I miss the Superette old George could always cut you a nice steak. :liplick:

MeredithMan 12-17-2021 12:35 PM

Superette
 
....that's a memory from the Way-Back Machine....Early 70's....my parents were on a first-name basis with George, (as probably were all his regulars). I can remember going in there with my father or mother to pick up some steak, burger meat, jug of milk...lot easier than schlepping it to Star Market in Gilford when you just needed a couple things.

John Mercier 12-17-2021 06:09 PM

Quote:

Originally Posted by Descant (Post 365360)
I spent a winter in the Weirs area m any years ago. There were few people there; the only businesses open were the Superette, the Fire Station and the Post Office. Occasionally a train went through. Lakeside Ave was plowed, but there was certainly no reason to clear sidewalks. Not much has changed, except the PO and the Fire Station moved to Rt 11B.

The reason is to avoid the lawsuit.
Belmont has a sidewalk that runs down past the town beach to the Laconia city line... it has no real value... but we were sued under the ADA for not keeping it cleared.

Descant 12-17-2021 09:15 PM

Quote:

Originally Posted by John Mercier (Post 365376)
The reason is to avoid the lawsuit.
Belmont has a sidewalk that runs down past the town beach to the Laconia city line... it has no real value... but we were sued under the ADA for not keeping it cleared.

Geesh! A good lawyer for Belmont would have gotten postponements until the snow melted and then it would have been a moot question. You'rte taking this thread waaaay too seriously. You don't remember when Lakeside Ave was plowed in a manner that allowed the fire department to spray an area for a skating rink?

John Mercier 12-17-2021 10:08 PM

No. It would arise again as I am sure that you understand that it snows in future years. The ruling would stand, and another court case would not be needed except to determine damages.

I remember a lot of things in Laconia on Lakeside and there abouts. I also remember that they occurred at a different time under different regulations and conditions.

I think you could find several snowmobilers that could relate coming from Lilly Pond down to Karl's and then needing the sidewalk over the bridge covered with snow to control their machines so they could get back down onto the rail.

The trip to Karl's was legal at the time because the law required land to posted against usage, and the rail was/is legal when snowcovered between the posted dates. The trip over the bridge on the sidewalk was never legal... but Laconia DPW gave up on keeping it clean as we would just push it back down into the sidewalk.

We just aren't in those times anymore.

LoveLakeLife 12-18-2021 10:40 AM

Where exactly was the superette and when did it go away?


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Descant 12-18-2021 10:49 AM

Where is the superette?
 
Going north on Lakeside Ave., top of the hill Behind it was the fire station. Across the street is Foster Ave. On those two corners were the Grange Hall (summer barber shop) and the post office. The building is still there, but now a bar/restaurant.

pondguy 01-16-2022 09:35 AM

They have a new sign up https://www.lookoutnh.com/

WinnisquamZ 01-16-2022 09:41 AM

Viewed the website. Modern looking units. Something we have seen little of here. No prices are noted, however, if we look at what is being built on Union Ave having sold out around the 800k number with day docks. My guess is around the same due to no water access or valet service available


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Descant 01-16-2022 10:12 AM

Architect?
 
I wouldn't want to be on the board of directors when those flat roofs start failing. I guess if you live inside, it doesn't matter that the outside is ugly. The website talks about their unique interior designs. No brag about external beauty. I think I'd want a balcony or patio to enjoy the view, natural breezes etc.

8gv 01-16-2022 10:14 AM

Beauty is in the eye of the beholder.

This beholder deems those units "fugly".

fatlazyless 01-16-2022 10:30 AM

It looks that the Laconia-DPW was been removing the snow from the lengthy, long, sidewalks that surround this hilltop location. Endicott St which is the Daniel Webster Highway or Route 3 and Lakeside Avenue both have wide, new, sidewalks when combined with steep Tower Street, no sidewalk and very little car traffic, make about a 1/2 to 3/4 mile loop walk. Maybe it's one mile length, not too sure? Anyway, it appears the sidewalks are now getting snow removal, there, for maybe the first time?

Is not a bad place to take a long walk on a cold wintry day and soak up that NH-January sunshine plus parking your car in a Lakeside Ave parking space is free in the winter. ..... ...... is time to go visit the Weirs and do a walk or a run around that there Tower St loop, thanks to the Laconia-DPW for doing their no-longer snow covered sidewalks. ..... :banana:

WinnisquamZ 01-16-2022 11:05 AM

Never a flat roof fan in New England. Must say roof peaks and valleys have many of the same issues.


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4 for Boating 01-16-2022 11:21 AM

Wow - to be delivered fall 2022 (full homes) - that seems pretty fast seeing right now that's about as long as it would take to get someone to come by your home and fix the plumbing of a sink or electrical outlet... Joke

WinnisquamZ 01-16-2022 11:46 AM

Quote:

Originally Posted by 4 for Boating (Post 366163)
Wow - to be delivered fall 2022 (full homes) - that seems pretty fast seeing right now that's about as long as it would take to get someone to come by your home and fix the plumbing of a sink or electrical outlet... Joke

Agree. Don’t see fall of 22 for a move in date. Curious we’re all the labor will be coming from.


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Descant 01-16-2022 12:25 PM

Quote:

Originally Posted by WinnisquamZ (Post 366164)
Agree. Don’t see fall of 22 for a move in date. Curious we’re all the labor will be coming from.

Could be modular.


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