By: Benjamin J. Gohs, News Editor
Glen Catt and Wally Kidd gave the Boyne City Main Street Board an overview of a proposed change o the One Water Street development project.
Catt said his group has devised a couple different options to deal with it.
The two major changes proposed are parking increases and a conditional rezone to allow for the construction of 15 resort cottages instead of a four-story hotel/condominium which had been approved.
The building in question has not been developed, according to Catt, because the time has not yet been right.
“We have one big building with condominiums in it right now or units to be sold and because they have adjoining walls and are part of a larger building, (lending) restrictions have really prevented anybody from building any new condominium buildings anywhere,” he said. “In light of that, that’s what’s held us back mostly.”
Kidd said there has been a collapse of the new condominium market.
Catt added, “With the housing market collapse of 2008 and some of the financial aspects, the timing just isn’t there to market this (original) project.”
Catt said there are carrying costs on the property which are somewhat of a hardship for the investors and the property has been sitting for two years without a decision.
There is 22 percent less density proposed and seven percent less footprint in addition to a decrease in height by five and eight feet for differing units from the original plan.
“This is really the same thing but it’s broken up into smaller bites,” Catt said.
The first floor is designed as basic hotel rooms. The upstairs portion offers more of extended stay suites.
The board supported the proposed plan changes.
A public hearing on the matter has been scheduled before the Boyne City Planning Commission on May 19.
If the proposal is approved by the planning commission, the issue would then go before the Boyne City Commission for final approval.