Old Rivers restaurant housing development plans halted due to construction costs

Old Rivers restaurant housing development plans halted due to construction costs

The highly-anticipated groundbreaking for the River Grand Residences (RGR), set for this fall, has been delayed, co-developers Peter Wells and Brian Wilson of North Mountain Partners (NMP) announced on Monday. The deferral comes in response to a significant increase in construction costs and a shift in market demand, both of which have taken a different course since the project’s conception. These recent developments have led NMP to fully refund…