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Posted: July 21, 2008
Grzebinski of Rose Hill Group arranges $3.66m construction loan
According to Daniel Monte, president of The Rose Hill Group of WNY LTD (RHG), the company has arranged $3.66 million in construction financing for the Legacy at Lewiston project. Thomas Grzebinski II, VP arranged the financing through a regional bank.
The 23-acre site is slated to be developed with 40 condominiums and 80 multifamily units. The loan proceeds shall be used for land infrastructure as well as construction of the first 16 units. Each unit within the Legacy at Lewiston will include amenities such as private garages, security systems, central air conditioning, and walk-in master closets. Unit sizes shall range from 1,410 s/f (two bedroom, two bathroom) to 1,835 s/f (three bedroom, two bathroom). Construction is expected to begin in June. The borrower was undisclosed.
The town and village are considered an upscale residential community that is part of the Greater Niagara Falls metropolitan area. Ridge Rd. or Rte.104 is a main thoroughfare within this part of Niagara County.
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