Marquis Large Off-Market Development / Poconos, Pa
Tamiment Resort and Mountain Laurel parcels on 2,521 acres of land surrounding Lake Tamiment and Unity Lake (aka Mountain Laurel Lake) in Lehman Township, Pike County, Pennsylvania. The 1,852-acre Tamiment Resort property is adjacent to the 669-acre Mountain Laurel property, and they have been merged to create the collective Tamiment Site currently known as “Highland Village".
The As-of-Right Development Plan for the Project previously concluded that approximately 3,640 homes can be built on the Tamiment and Mountain Laurel properties collectively: 2,854 homes on the Tamiment property and 786 homes on the Mountain Laurel property. The Master Plan Conditional Use Approval (MPCUA) dated April 19, 2007, as amended (the “Master Plan”), increased the density of the Project to approximately 5,350 homes with a requirement for phased construction of 300,000± square feet of village retail and commercial space
Financials (USD)
Net Operating Income (Annual) Not Disclosed
Asking Price Not Disclosed
Cap Rate Available On Request
Additional Details
Land Area 2521.00 Acres
Zoning Residential & Commercial Mixed
Deal Terms
Broker Co-Op? Available On Request
Seller Financing Available? No
Seller Willing To Lease? No
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