Developers of a condominium tower proposed along the shore of Beaver Lake
July 21st, 2008 - Category: CondoA long with the increase of demand of condominium, there are more developers take part in this property business compared with two or three years before. as it is reported by the business.com that Developers of a condominium tower proposed along the shore of Beaver Lake. The Benton County Planning Board voted unanimously to deny the extension for the Grandview Heights at Beaver Lake project. The developers can appeal the decision or resubmit plans for approval. The permit expires Monday.
Originally, builders wanted to construct three 25-story condo towers at the site. The proposal was scaled down to one 15-story tower and won approval from the commission in 2005. Anyway Developers had to show “good cause” for a time extension, according to county regulations. No other development has been denied a time extension in several years, but Director Ashley Pope pointed out no similar project has requested an extension.
It is further said that Little said developers have concentrated on getting credit. He said that once a bank backs the project, the state Department of Environmental Quality will approve the wastewater system.