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Old 04-14-2014, 02:01 PM
 
Location: Mobile,Al(the city by the bay)
4,994 posts, read 9,097,629 times
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[SIZE=5]Smelling that sweet SaltAire?[/SIZE]
Blake Whitney Thompson of Black Orchid Equity LLC tells me the long-beleaguered SaltAire development could be back on track as early as May with a closing for the first high-end home as early as August.
“With Airbus and all development on western end of Mobile Bay, this could be a long-term 20-30 year event with opportunities for retail, condos, docks and new waterfront housing, so we’re real excited about it,” said Thompson, whose company targets “special situations” in real estate and real estate debt.
For the unacquainted, as much as $15 million was invested in the development before legal disputes stopped it cold in 2008.


Long-abandoned housing development on Mobile Bay's western shore shows whispers of new life | AL.com



South of Mobile bay is due for water front development. I`m excited to finally see this project take shape.

Last edited by Keeper; 04-17-2014 at 05:15 AM.. Reason: copyright vilation
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Old 04-16-2014, 02:03 PM
 
275 posts, read 534,181 times
Reputation: 212
Good news!
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