Alex texted us yesterday and wanted to know if we had a post he could “tag-on” to. We didn’t have one ready, but I looked in our “Tim’s birthday pics” folder and found these dudes in black. I feel a bit bad about stealing these from a buddy’s birthday folder, but, hey… Tim’s birthday isn’t till August so we’ll have time to re-stock. Or… maybe this is a bonus birthday post for a good friend and fellow Missourian 🙂 xoxo David

Hey, guys. It’s Alex. I want to update you on our condo building project. It’s a long story but I’ll keep it short as possible. As we’ve told you, back in January, we bought an 80 acre property that fronts on Table Rock lake. We planned to devote 18 acres to a lakeside luxury town house project with a total of 88 units. We named the project “Berry Farm Place” and planned a 2 acre working berry farm next to the condos. We’d planned to sell off the remaining 60 acres. Nathan, Denise and I were totally pumped about the project and thought we’d be able to start construction in Spring. Then the delays started. The thing is, if you want to build a project fronting on Table Rock lake, you have to have approvals from the County, the State, the Corps of Engineers, the White River Authority, the Missouri E.P.A. and the U.S. E.P.A. Then, there’s the matter of water supply and waste disposal that required months for design and approval. So the engineering and design work continued and the next we knew, Summer was almost over and we still hadn’t broken ground.
In late August, we were contacted by a developer/builder out of St. Louis who wanted to know if we would consider selling the project. We said something like “thanks, but no thanks.” Then, one day this young guy showed up on the site. He said his dad owned the company that was interested in buying the project and asked if we’d at least talk with him. So we did. It seems this builder/developer has been active in St. Louis and the Lake of the Ozarks for years and had decided to start building at Table Rock. They really like our project and made us a very attractive offer. We reviewed it with our attorneys and decided to accept it. Essentially it gives us a small profit on the land, design, engineering, legal costs and all the work we’ve done – and a 2 1/2% commission on the sale of each townhouse. That might not sound like much, but with 88 units selling for more than a million dollars each, it’ll add up!
We’ll keep you posted. xoxo Alex and Cal