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ASH

Beach Fanatic
Feb 4, 2008
2,156
443
Roosevelt, MN
New Orchard address

Not that it means anything, but there are 27 companies registered at the same address as New Orchard in RMB.
 

Watersound 1

Beach Comber
Mar 19, 2007
11
0
Thanks Prominence...good to hear as this plan had particular appeal when choosing a home in Watersound Beach. Look forward to some momentum.
 

30ashopper

SoWal Insider
Apr 30, 2008
6,846
3,471
57
Right here!
Not that it means anything, but there are 27 companies registered at the same address as New Orchard in RMB.

Isn't that because it's an office building in Rosemary? The company (according to the site) has been in business since 2000.

According to county records, the original developer doesn't appear to have had any issues with repayment, so it looks like they are in for the long haul. They do have quite a bit of debt, but everything appears to be up and current.

I have to say I wish them luck.

We are starting to come out of this whole crazy thing, so assuming they hold on and keep the bills paid for another three to five years or so and can afford to adjust property prices to reasonable levels, they can make it. Bringing Orchard in to get the ball rolling again looks to be a good sign.
 

gmarc

Beach Fanatic
Jan 19, 2009
506
65
Can't see anyone building much for the next 1-4 years as the inventory levels are still incredible with prices continuing to fall plus which bank would dare finance any large project in these times?
 

Prominence

Beach Crab
Jun 7, 2009
4
3
Thanks all for the interest and comments! We will do our best to check in with the SOWALLERS on a consistent basis to provide updates. "New Orchard Group" is the brand for a number of real estate related companies. Their companies have developed several properties including The Private Residence Club in Rosemary Beach, The Mercado (where Paradis is located), The Savannah (where Starbucks used to be in Rosemary), Redfish Village and numerous others. Their headquarters is in Rosemary Beach. The principals, Steve and Brad live full time on 30A with their families and welcome any SOWALLERS who would like to visit with them to discuss Prominence. They can be reached at 850-231-0850. The primary owner of Prominence and financial resource behind the project is an entity of The Colonial Company of Montgomery, Alabama.

Thank you! :wave:
 
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tsutcli

Beach Fanatic
Jan 14, 2008
921
109
Seacrest
Where and how are the residents of a town the size of Seaside to go to the beach?

The original plan was the access in Deer Lake Park. Transport provided or drive yourself. Not a very good solution as parking is limited and it is a looooong boardwalk to the beach. Hope for all our sakes the idea of closing the park does not resurface as this developer would almost certainly try to acquire it when the state put it up for sale as excess inventory to raise funds. God knows what they would build on it then.
 

blapaglia

Beach Comber
May 24, 2009
9
0
The original plan was the access in Deer Lake Park. Transport provided or drive yourself. Not a very good solution as parking is limited and it is a looooong boardwalk to the beach. Hope for all our sakes the idea of closing the park does not resurface as this developer would almost certainly try to acquire it when the state put it up for sale as excess inventory to raise funds. God knows what they would build on it then.

Can someone help me out here? We are considering purchasing a lot in Watersound West Beach. Is this Prominence right next door to it? If so, I imagine this has the potential to have a huge impact on the West Beach area, including not having the protection of the Deer Lake State Park?

Thank you.
 
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