Savannah breaks ground next week on a massive waterfront project with developers downplaying talk of a real estate slowdown. Savannah River Landing is an $800 million public-private project with over 700 new homes and condos planned, a high profile gamble in the midst of a housing glut.
Elsewhere in the area, sales and construction have stalled. But Beth Horner of Ambling Development Companies says, the waterfront project is different. "I think everything about the project is different," Horner says. "Our response to date has been tremendous and we'll see how sales go next week when we launch."
The project includes hotels, retail and office space and extends the historic town plan east of downtown. Much of it will be deeded back to the city.
Next week, officials also will turn dirt on the public part of the project, an extension of the waterfront plaza, with $8 million of state money in it.
Elsewhere in the area, sales and construction have stalled. But Beth Horner of Ambling Development Companies says, the waterfront project is different. "I think everything about the project is different," Horner says. "Our response to date has been tremendous and we'll see how sales go next week when we launch."
The project includes hotels, retail and office space and extends the historic town plan east of downtown. Much of it will be deeded back to the city.
Next week, officials also will turn dirt on the public part of the project, an extension of the waterfront plaza, with $8 million of state money in it.
