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Lewes, Delaware
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September 1, 2006     Cape Gazette
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September 1, 2006
 

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46 - CAPE GAZETIIg - Friday, September I - Monday, September 4, 2006 Dewey Continued from page 83 rooms in Dewey could help relieve a lack of parking. "Part of the discussion when we passed the ordinance was that fewer cars would be on the road," Cooke said. "We reduced density by 50 per- cent," Georgelas said. He explained that the hotel used to accommodate more than 70 fami- lies, and now it will hold about 30 families. Two buildings complete The Opal Condominiums are nearly complete, and residents should start moving in shortly, Georgelas said. He said the con- version took about one year, but the work came in on time. The Georgelas Group converted the 70 rooms of the Southwinds Motel into 36 condominiums with upscale accoutrements. Bayside condominiums, which offer top- The ordinance that allowed conversions, which is now under moratorium until a new compre- hensive plan is complete, states the original footprint of the build- ing must remain intact. "We dismantled everything, gutted the entire property but left all the cement intact," Georgelas said. He said the original cement honeycomb structure is still there, but water and electric systems were replaced. Georgelas said he and other owners plan to keep condomini- ums for themselves. "We all bought units to keep not as an investment, but because we love the project," he said. Marina View Condominiums, which used to be Marina Suites Hotel is complete after one year of construction. The hotel used to have 84 rooms but now has 46 condominiums, which come with boat slips in the marina and are fully furnished. Realtor Mary Lou Sheehan of Jack Lingo said 16 condominiums have sold, and have a rooftop pool and come 0f-the-line appliances and fix- 30 are still on the market. The tures, start at $400,000 and go up + !condominiums also start at to $900,000. $400,000 and go to $900,000, fully furnished, she said. Still under construction Bell Buoy owners are still on track with plans to convert the hotel to six condominiums this winter. "We committed to hotel busi- ness until the summer ends," owner Mahoney said. He said the hotel usually closes for the winter in November, after the annual Greyhounds Reach the Beach weekend. Mahoney said he and other owners will meet with architects and town officials in a few months. Bell Buoy owners also plan to keep three units for per- sonal use and sell the remaining three but will pay transfer tax on the units that they keep. Marina View Condominiums come completely furnished, and owners have first rights to the boat slips in the marina. Owners say the sale of the units will make Dewey Beach y through the 1.5 percent transfer tax that goes to the II Free Initial Consultation III 302.678.8815 You Have The Right To, Recover: I Medical Expenses J Lost Wages I Pain & Suffering Vehicle Damage 29 North State Stre'et 302.678.8815 Dover Highway One Ltd. held back construction until a lawsuit was settled over the ordinance that allows conversions. "We'll start marketing them in four to six weeks," said owner John Snow. Construction is under way, and Snow said people can move in next spring or summer. The hotel that used to be Dewey Beach Suites will be converted into 15 condominiums that are projected to sell for $500,000 to $ .600,000. He said six of the unfurnished units, which feature two or three bedrooms, have already sold. A moratorium of further hotel or motel conversions will remain in place until Dewey updates its comprehensive plan. While workshops about the plan are ongoing, the plan is expected to be approved by the state by the end of the year. Punkin' Ale now back on market Dogfish Head Brewings & Eats recently announced the annual return of Punk).'n' Ale, a full-bodied brown ale with smooth hints of pumpkin and brown sugar. Dogfish Head's Punkin' Ale is named after Sussex County's annual World Championship Punkin' Chunkin and n 1994 took top honors in the event's recipe contest. The Punkin' Ale is now available at Dogfish Head Brewings & Eats and at package stores throughout the area. Dogfish Head Brewings & Eats is located at 320 Rehoboth Ave. in Rehoboth Beach. Information is available online at www.dogfish.com or by phone at 226-BREW. Some banks talk relationships. We build them. \\; Whafs the difference between a WSFS commercial banking relationship and one with another bank? That's easy, withWSFS you actually have one. Switch to WSFS Commercial Banking. And see how it feels to have a dedicated, one-on-one relationship with an expert who understands you, your business and how to make it grow. To learn more, call 1-888-WSFSBANK. Or visit wsfsbank.com. The switch is on. To WSFS Commercial Banking. www.wsfsbank.com 1-888-WSFSBANK WSFS i LISTED 2006 Wi)mington Savings Fund Society, FSB Member lC ,|