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Developer says Sinatra/Heritage Point project remobilizing; council member seeks construction timeline and neighbor outreach
Summary
Developers of the Sinatra (Heritage Point) project at Canal Side told the committee they have lender interest and expect a closing this summer; construction is about 47% complete and they estimated a 12-month build once remobilization begins. The committee tabled the item for further tracking.
Council Member Nowakowski and developer Matt Connors updated the Committee on Community Development on July 29 about the Sinatra development at Canal Side, a waterfront project adjacent to Marine Drive and several neighborhood sites.
Matt Connors told the committee the project faced earlier financing setbacks after a lender failure but said a new lender, Excalibur, toured the site and "we have a path forward with…
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