The Willard Companies has purchased two properties including the existing pad for a second 48-unit condominium project at Bridgewater Pointe as well as Bridgewater Grande, a 30 acre track featuring 5,900’ +/- water frontage. The properties were purchased for $5.6 million and closed on Friday, March 30.
“We are very excited about being involved in future plans for a second tower at Bridgewater Pointe and the Bridgewater Grande development. These projects will bring economic development to the Smith Mountain Lake region, which has continued to rebound from the recession,” said Ron Willard, President of The Willard Companies. In 2010, The Willard Companies was involved in the marketing of the first tower, featuring 48-units that sold out in 2 ½ hours during a lottery style sale.
Development for the second 48-unit project will mirror the architecture of the exiting condominium tower and plans for Bridgewater Grande will include residential and commercial mix on 30 acres.
Willard started his development and construction company in 1973. “For us, the timing of this investment made excellent business sense. Not only were we able to purchase at attractive pricing, but the location of these properties are within a few miles from our office headquarters and in close proximity to all of our company subsidiaries,” said Willard.
The Willard Companies is the umbrella for Willard Construction of Roanoke Valley, Inc., Prudential Waterfront Properties, The Waterfront, The Water’s Edge and The Westlake Golf and Country Clubs. The company is involved in country clubs, building, developing, marketing and real estate. The Willard Companies is also affiliated with Westlake Towne Center, Westlake Cinema, Westlake Salon & Spa, Window and Door Design Gallery and Smith Mountain Building Supply. Visit online at www.thewillardcompanies.com.