Misc Owl's Head development north of Freeport 2005-2008

[Goddessgal]

I'm sure that they are going for a more vernacular style, in a more practical environment (higher elevation). I was just thinking that metal roofing is also vernacular, practical, and available?

But, I am learning more about wood shingles on this thread!

 

[30ashopper]

Anyone heard anything about this development lately? They still seem to be doing improvements to the entrance but I haven't noted any new sales. The developer's loan also reached maturity last month after a series of extensions by the originating bank. County records don't indicate another extension was granted.

 

[JUL]

Is that the development heading toward Freeport about 30-35 from 30A

 

[Smiling JOe]

more like twenty miles, but that's it. Located on hwy 331.

 

[AAbsolute]

Anyone heard anything about this development lately? They still seem to be doing improvements to the entrance but I haven't noted any new sales. The developer's loan also reached maturity last month after a series of extensions by the originating bank. County records don't indicate another extension was granted.

I understand that the equity partners insist on seeing it through to completion. Owl's Head has decent fundamentals. It may just be a 20 year project, but that's usually the case for DRI's.

 

[jpbhen]

we think of it as we drive in or out of sowal on 331, and always forget to ask about it here. this time i remembered! it looked like it was being cared for for quite some time, but now looks abandoned and a mess.

 

[SkinShark]

Good question.

 

[Matt J]

My understanding was that it went back to the bank. A private group was trying to raise investor money for a solar farm, but to my knowledge that has fallen apart as well.

 

[Kurt]

Merging old threads about Owl's Head - it is being rebooted and we will start a new thread.