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Lake’s Edge Seneca in Geneva stalls, goes up for sale by developer

The ambitious Lake’s Edge Seneca project in Geneva, valued at $25.2 million and featuring a 113-room hotel, a restaurant, and luxury townhomes, is now on the market. This development marks a significant shift from the earlier assurances by the developers, Rivers Edge Capital/Pine Ridge Construction, who maintained their commitment to the project despite several delays.

Finger Lakes Partners (Billboard)

The Finger Lakes Times reports that Keen-Summit Capital Partners, specializing in real estate sales in challenging situations, has been appointed to oversee the sale of this lakefront mixed-use development site. The property, located on Seneca Lake, includes plans for luxury condos, a hotel, a freestanding restaurant, and a boathouse with boat slips and jet ski docks.

The Lake’s Edge Seneca project, once seen as a potential boost to Geneva’s property tax base, has faced challenges, including a halt in construction activity and skepticism about its feasibility. The future of this key development site remains uncertain as it enters the real estate market.