Work begun on $27MM Saranac Lakeside Resort

Work has started on the Saranac Lakeside Resort located in Saranac Lake, NY. The 4-story, $27MM boutique resort will offer 93 suites, 2 restaurants, spa, fitness facility, upscale lounge, ballroom for 200, indoor pool, outdoor hot tubs, and marina. CMC was engaged by a consortium of construction lenders to provide plan, doc and cost review analysis as well as monthly site inspection and construction progress monitoring services.