U.W. Marx Construction to develop $300 million waterfront project

The former junior-senior high school was recently demolished to make way for de Laet's Landing, a new waterfront project consisting of residential, retail and office development. The project cost will be $300 million. The mixed-use development will be built in stages ranging from eight to ten years. Occupancy is slated for the fall of 2009. According to U.W. Marx Construction Company, the 24-acre parcel will be developed into a marina, promenade and 1.28 million s/f of condominiums, townhouses, stores, offices and hotel space. The project will feature 630,000 s/f of residential space, 250,000 s/f of class A office space, 165,000 s/f of retail and 236,000 s/f for a hotel. "It's going to be astounding," said Jeff West, vice president of U.W. Marx and of Marx Properties Inc. The exclusive commercial and residential broker for the project is Al Picchi, general manager of Realty USA.