Friday, March 20, 2009

Bemus Bay in Post Journal

The following article was on the front page of the Jamestown Post Journal on March 17th.

Optimistic View

Developer Ready For Summer Season

By Sharon Turano

Optimism in sales was expressed by Paul Goldberg of Bemus Point Investments LLC project co-developer of 40 new condominiums on the lake in Bemus Point.

''We'll weather the storm ok and have 40 happy purchasers pretty soon,'' he said after the firm recently announced its first round of sales have been completed at the newly constructed Bemus Bay condominiums. The development features the homes in two buildings, named Browning and Columbian, that have been architecturally designed to resemble the two early 20th century hotels of the same names that once stood on the site. Each of the homes at Bemus Bay includes a private boat slip on Chautauqua Lake as well as secured entry, handicapped access, elevator service, a garage and reserved parking spaces.

Four different floor plans with three bedrooms and two or three baths include air conditioning, granite countertops, master suites with whirlpool baths, access to the courtyard's heated swimming pool and hot tub and a view of Chautauqua Lake.

Goldberg said the number of homes sold so far is in the teens, and, he said, he expects more sales soon. Sales are also expected to grow during the spring and summer months, now that finishing touches to the condominiums are being completed, according to a news release about the condominium sales.

''We're doing fine,'' he said, adding the number of sales are about what was expected at this point.

Although Goldberg said the project was entered into before the market ''really took a nose dive,'' he said, the condominiums are ''a very special product.'' Goldberg said enough people remain interested in the homes, which sell in the range of $300,000 to $600,000.

''People do come to the lake for vacations, second homes,'' he said, adding the condominiums cover a wide economic spectrum of people interested in them, including wealthier buyers. Goldberg said those buyers' ''portfolios may have suffered a bit of a hit,'' due to recent economics, but, he remains confident there are enough people who still have resources available who want a condominium in Bemus Point.

''It will satisfy their lifestyle objectives,'' said Goldberg of the homes. He said his firm's staff may not be happy with the way economics changed, and will probably be impacted, but, he said the homes' sales remain ''well-positioned.'

Howard Hanna Holt Real Estate is extremely proud to represent Bemus Bay Condominiums. Here, in an exclusive lakefront enclave, you can enjoy a luxurious, carefree lifestyle without any mowing, pool cleaning, fixing, painting or dock maintenance. Just sit back and enjoy the view, stroll through the village, or take your boat out and catch the "big one."

Sales are moving quickly, so you need to act now to get the views, floor plan and location you want.

Howard Hanna Holt Real Estate, www.howardhannaholt.com, offers comprehensive residential and commercial real estate sales, leasing and related services including real property appraisals, property management, development services, vacation property rentals and traditional rentals. It has offices in Fredonia, Mayville, Peek n' Peak resort, and Westfield, and seasonal offices on the grounds of Chautauqua Institution and at the Bemus Bay condominiums, www.bemusbaycondos.com, in Bemus Point.

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