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Thursday, February 16, 2006

Monticello - Deluxe Condo Planned

Monticello - New York City investors are planning to build a seven-story luxury condominium complex just off West Broadway overlooking the Monticello Raceway. It would be the tallest building in Monticello and one of the largest buildings in the county.
The complex would be 75 feet high, and it will be on top of a hill on Dunbar Road.
The so-called Dunbar Towers the multimillion-dollar proposed project still has to clear several hurdles, said project manager Kalman Freidus of Fallsburg, who said he is representing the investment group from New York. The development doesn't depend on a casino coming to the Monticello Raceway, he said. The group plans to market the condos to retirees and snowbirds.

The complex would have 92 one- and two-bedroom condos, and would also have a pool, recreation area and tennis courts.

The proposed site is near eight rundown bungalows that would be torn down.
Just across the street on West Broadway, a developer is planning to build 99 town houses.

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