Christmas Island-demolition?

[Simon]

from the Laconia Daily Sun:

LACONIA — The Christmas Island Resort on Paugus Bay has recently been sold, announced Roche Realty Group, which represented both the sellers and buyers of the property. The buyers plan to tear down the existing structures and construct luxury townhouses in their place.
Included in the transaction was a 45-room motel, consisting of several buildings on Weirs Boulevard. The buildings sit on 3.2 acres of land, including approximately 1,000 feet of shorefront on Paugus Bay and 16 individual docks.
The resort was constructed and owned by Phil Roux in the late 1950s and early 1960s. In addition to the brick structures, other amenities included beaches, stonewalls, a boat launch, courts for volleyball and shuffleboard, and an indoor, heated pool.
According to listing agent John Ganong, the seller of the property was Christmas Island Motel Corporation, Thomas Roux President.
"Tom did a great job in operating and maintaining this fine resort for many years," said Ganong before adding that the Christmas Island Steakhouse was not included in the sale. The restaurant will continue to operate.
Joe Macdonald and Steve Welch, the selling agents for Roche Realty Group, reported that the buyer of the property is Lakehouse at Christmas Island LLC. Robert and Ralph Meisner and Romeo Lacasse are the developers and Ben Lacasse will be the project manager. The existing resort will be demolished and replaced with a luxury 18-unit townhouse community called Lake House at Christmas Island.
The townhouse community will be clustered along the shoreline. Each of the townhomes will feature panoramic views overlooking Paugus Bay and will be sited along the shoreline with individual deeded boat slip included.
Frank Roche, president of Roche Realty Group said, "This is real exciting news for the Lakes Region. Where can you find 18-new luxury townhouses, each with their own deeded boat slips sitting right on the water with 1,000 feet of shorefront? New construction activity has been picking up all over the country and the timing of this waterfront community in the Lakes Regions could not be better. This is one of the largest resort sales that have taken place in the recent years here in our area and Roche Realty represented both the seller and buyers in the sale."