Thursday, July 12, 2007

Another Failed Development

Another troubled mountain development is coming to light, and it appears to be connected with some of the individuals involved in the Village of Penland disaster. According to the News-Topic (Lenoir, NC), the proposed Grandfather Vistas gated community in the Patterson area of Cadwell County shows evidence of having been abandoned:

The sales office is unkempt, with broken windows and an unfilled opening allowing access to the interior. Soda cans and packages of bread litter the floor. Though the signage to the community remains, along with the names of various streets, the flowers and bushes are dying from a lack of care.

Ahh, that signage…it sounds like the Village of Penland for sure. Two names associated with Grandfather Vistas developer Blue River Ridge at Blowing Rock, LLC have also been associated with the Mitchell County scandal:

On April 20, Randy Carpenter resigned as Blue River Ridge's registered agent and was replaced by John Perry of Peerless Real Estate Services.

According to the News-Topic article, the Grandfather Vistas development

…had been promoted as a crown jewel in the booming second-home market throughout the county. Prospective clients were ushered from throughout the country, some even receiving helicopter tours of lots that ranged from one to more than 10 acres in size.

The article does not indicate how many, if any, buyers had purchased lots at Grandfather Vistas.

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