Construction on the 33-unit, $60 million project needed to start by Tuesday or buyers could back out of their contracts. But developer LaRawn Rhea says buyers are willing to wait for the luxury digs, priced between $950,000 and $5.5 million
Still seeking financing, she contacted the buyers to say construction would not start on time. So far, 75 percent of buyers are saying they’ll wait on the project.
The husband-wife team make up Chartwell Properties. The duo also is developing a project in Telluride, Colo
The Manning will have formal gardens, a resort-style pool with private cabanas, a grand entertaining salon, full-service staff, pet care and a croquet lawn. The construction will include environmentally friendly elements like geothermal heating and cooling and energy effecient doors and windows.