As Economy Rebounds, Building Resumes at Lagoon Manor
The nation’s economic engines are rumbling back to the life, and Lake George is feeling the reverberations.
Lagoon Manor, a townhouse development on Northwest Bay, is one example. According to Gregg Sherry, the project manager for Brookhill Development, several new townhouse units will be completed within the next two years.
“Glenn Wahner, the founder of Brookhill Development and the real estate developer behind Lagoon Manor, secured all the permits for a complete build-out in 1987,” said Sherry. “He died unexpectedly in 2011, before he could see his project completed.”
Now, with the economy reviving, the company has made the decision to move forward and complete the development, said Sherry, who is also a licensed real estate agent with the Sherwood Group and the owner of Resource Property Management, which manages Lagoon Manor.
“We’ve turned the corner; this is the opportune time to build,” said Sherry.
Brookhill Development has received state and local permits to build 64 units on 228 acres, all of which were once part of an estate owned by Bishop E.M. Stires.
As of today, 23 townhomes and 10 single-family homes have been built on the east side of Route 9N.
The Bolton Town Board recently approved a plan to replace a motel building from the 1950s, which was demolished in 2006, with a three-unit townhouse structure designed to evoke one large Adirondack Great Camp.
Each of the three units will be sold for prices ranging from $1.6 million to $1.8 million.
“This is one of the last great lakefront lots left on Lake George,” said Sherry. “That’s why the architect Michael Phinney was retained to design something in the rustic style. We were looking for something special, something appropriate to the site. And admittedly, the units have been priced accordingly.”
The Adirondack-style townhomes will be completed this year.
Next year, four new townhomes will be built upland from the lake, on the west side of Route 9N.
“These are for people who want a turn key, low maintenance lifestyle, perhaps people who are downsizing,” said Sherry. “The houses will have filtered views of the lake and come with a 24-ft boat slip and access to all Lagoon Manor facilities, including the beach and clubhouse, which has an indoor swimming pool, tennis courts and exercise room.”
The new upland homes on the west side of Route 9N will cost from $675,000 to $695,000, Sherry said.
“Lagoon Manor is a very desirable place to live,” said Sherry. “Most of the owners come from the metropolitan New York City region and spend weekends and vacations here. It’s a family oriented place with a lot of kids, the children and grandchildren of owners. It’s also very sociable. People tend to get together for parties, community activities and golf outings.”
Sherry originally became involved with Lagoon Manor through his company, Resource Property Management. In addition to serving as project manager for the new construction, he manages administrative affairs, maintenance and the complex’s water and wastewater treatment systems.
“Lagoon Manor is one of the nicest places I’ve managed,” said Sherry. “It’s very exciting to be involved in bringing it to its completion.”