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New home development offers interim lodging.

An unusual program allowing buyers to live in unsold homes while their new home is under construction, is boosting sales at Woodlands and Water's Edge on Saratoga Lake, reports developer Robert Nelson.

Woodlands, a luxury development of single-family homes, and its sister townhome community, Water's Edge on Saratoga Lake, form a $70 million, 349-unit development here.

Nelson says in one instance an executive of the McDonald's Corporation moved from Tennessee to a new office in the Saratoga area, before construction of his home could be completed. Knowing he could live temporarily in the community right away helped solidify his decision to buy at Water's Edge.

In addition to offering access to Saratoga Lake, Woodlands and Water's Edge both enjoy year-round common amenities, including a 175-slip marina, private beach and boardwalk, a 13,000-square-foot athletic pavilion with indoor and outdoor tennis courts and swimming pools, sauna, whirlpool, fitness room, racquetball court and basketball court.

Woodlands also allows buyers to custom-design their homes' interiors.

Woodlands and Water's Edge on Saratoga Lake are being developed by Manhattan-based Nelson Equities.
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Title Annotation:real estate developer Nelson Equities Inc. promotes program allowing home buyers to live in unsold homes within development while awaiting construction of own
Publication:Real Estate Weekly
Date:Sep 22, 1993
Words:176
Previous Article:Jos. A. Bank selects 1st Manhattan locale.
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