US EditionNevele sold for $5 million, with plans to demolish buildings to make way for housing
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Nevele sold for $5 million, with plans to demolish buildings to make way for housing
WAWARSING, N.Y. — The former Nevele resort has been sold for $5 million to 1100 Arrow LLC as part of plans by New York City-based developer Somerset Partners to demolish remnants of former Borscht Belt hotel in favor of a new facility with lodging, accompanied by a 126-unit housing development. Developers on Sept. 29 closed on the purchase from Star Nevele Owner LLC, which had bought the two-parcel site totaling 497.5 acres in 2018 for $27.92 m…
·Kingston, United States
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