Developers are finally recognizing the value of the Kings Beach waterfront locations. Congratulations to the planners who conceived and implemented the redeveloped corridor.
"KINGS BEACH, Calif. — A San Francisco-based developer is eying a key piece of real estate in downtown Kings Beach for a lodging and commercial-residential redevelopment project.
Laulima Partners LLC completed its purchase on May 24 of a 4.5-acre plot of land on both sides of Highway 28 in Kings Beach previously owned by Ferrari family, which includes the lakefront Ferrari Crown Resort at 8200 North Lake Blvd.
Terms of the deal were not disclosed.
On the property, Laulima plans to propose the “Crown Redevelopment Project,” which would, “create a welcoming, attractive and engaging mixed-use destination that builds upon the community planning to-date and further enhances the local opportunities for recreation, relaxation and connection,” according to www.crownredevelopmentproject.com, a website the company set up about the proposal.
The project includes 117 lodging rooms, 34 residential units, and 5,500 square feet of commercial space on both sides of Highway 28."
Link to Sierra Sun article: Development proposal on tap for Tahoe’s Crown Motel property | SierraSun.com:
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