The ambitious Lake’s Edge Seneca project in Geneva, encompassing a 113-room hotel and luxury townhomes, remains paused as developers work to secure financing.
The Finger Lakes Times reports that a spokesperson for Rivers Edge Capital/Pine Ridge Construction, reaffirmed the commitment to the $25.2 million project despite no recent progress on the site and the recent removal of building materials sparking rumors of its demise.
Developers have been communicating with concerned contractors and the community, explaining that the lumber was moved to prevent damage from continued exposure to the elements and not due to project cancellation.
Rumors about unpaid contractors have swirled around the project. However, these reports were disputed by project officials.
Geneva Mayor Steve Valentino reached out to the developers amid rising concerns, receiving assurances of their investment and intent to proceed. The developers explained the removal of materials as a strategic decision to optimize resources amidst tight economic conditions.
The entire ordeal has put the original timeline of the project in question.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].