RiverPark Place initial phase scaled down

RiverPark Plcae developers have scaled down the initial construction phase due to lenders concerns over current uncertainty in the mortgage industry.

Originally, the initial phase was to include two residential building, 144 slip marina to include the first of two 16 story towers.

Current the initial phase will include a four story building with about 50 condos built on top of a parking structure and include completion of the marina.

The original design of the complex will be completed eventually but over a longer period of time.