– Unfinished Project – NOTE MATURED August 2009 – This property sits only steps from the beach as well as shopping and restaurants. Composed of seven townhomes with three possible floor plans - 3,032, 3,435 and finally 3,928 sq ft of living space. All units have covered patios and other outside balcony space of at least 800 sq ft. Each unit has a dock space for a vessel up to 35’. The property is 85-90% complete and work seems to be at a standstill at this time. The note is $8.324MM and matured in August 2009.