The Kartite Hotel and Indoor Waterpark will open in 2019. Here is a brief update. Find more news and information here. Coupling the casino, golf course, and waterpark brings Sullivan County, NY Hospitality to a new level.
It’s been two months, and the casino is settling in. The anticipation, and now reality, of having a full scale gambling and extended entertainment venue in Sullivan County, NY is beginning to take shape along many fronts. Read the extended article and listen to the podcast for a fuller understanding of the what Resorts World Catskills is doing and how it is effecting the local economy and infrastructure.
The Chapin Estate and Bethel Town officials are considering plans for the development of a 50-100 million dollar resort destination. Proposed details.
OPENING DATE: FEBRUARY 8, 2018
Click on above link for full information on this brand new Destination Resort. Graphic contained in this post is the property of Resorts World Catskills.
For those with children, the neighborhood’s school district may be at the top of your priority list. Check out the public-school ratings, or if you plan on sending your kids to private school, look at the pricing and make sure it’s something you can afford.
It’s also a good idea to look at nearby parks and community centers to check out what type of recreational activities are available for children. Most kids are going to want to play a sport or be involved in an extracurricular activity, so make sure that your potential community offers them.
Are you someone who can’t survive without their daily Starbucks coffee or are you an organic shopper who has a certain store they must shop at? Check your GPS to see how far your favorite locations are from the potential home. While you’re at it, look at local restaurants and read the reviews on Yelp to see where you might be getting that Friday night pizza or where to go for a romantic night out.
Don’t forget to look at how far your new home will be from work and where the nearest public transportation is located if you need that option. And as for train stations, make sure they offer parking spaces—many places are so crowded there is a waiting list. If you do drive, you’ll want to understand the traffic patterns to and from your job. You won’t want to waste half your day in traffic.
Take a gander at the living conditions of the neighborhood. Do you see a lot of fences and “Keep Out” signs? Are there many kids on the block? Do people walk their dogs on the street? Are there posted neighborhood events? Visit on a weekend day to say hello to some of the residents and ask about the neighborhood before putting in an offer.
You’ll also need to learn if your potential new home is part of a neighborhood association and if your community has lawn or construction restrictions. If so, what fees are involved? The last thing you want is to find out you can’t put those holiday decorations up because of a strict town ordinance.
Some people may want to live in a historic neighborhood with a lot of character, while others may want a newer development with more modern features. Everyone is different and you need to make sure that your perfect house is in a neighborhood that meets your needs.
Vice President Charles Degliomini explains the types of opportunities arriving in Monticello shortly. Find out how what will be available once the project is completed and open in 2018.
Located at the former Kutsher’s site, Veria is continuing its march toward completion sometime in 2017. According to Town of Thompson supervisor Bill Rieber, the project is on track and will and feature 131 rooms with almost 300,000 square feet, two story wellness center.
Details and Times-Herald Record article
Posted Feb. 18, 2016 at 12:55 PM
Updated Feb 18, 2016 at 1:04 PM
Read The Associated Press article here. Then, consider the following implications for the Montreign Resort and Casino at Adelaar.
If casinos are built in Northern Jersey and perhaps Manhattan, the Sullivan resort scheduled to open in early 2018 could be in serious trouble. The article makes the “over saturation” and “slice of the pie” arguments. There is a limited number of gambling folks thus the proliferation of casinos within a short driving radius of the NYS Metro area will simply dilute the customer base.
Goodbye jobs, major development, economic bounce-back, etc for Sullivan County. This is a nasty prognostication few in our Sullivan Catskill Community welcome. There is no input to render as to how New Jersey, and the New York State Gaming Commission will react; nor are the cards dealt regarding the business consortiums who make the decisions to build or pass on a casino development.
The implications for investors, as mentioned in my previous blog on this subject, is substantial. And, that is why a “wait and see” attitude concerning property purchases has been adopted by those who follow casino/business news. Based on the uncertainly of the Montreign’s ultimate success, residential sellers should be very cautious about pricing and believing there is now a seller’s market underway in Monticello, or for that matter, Sullivan County, NY in the entirety.
Steve Israel is a veteran reporter for the Times Herald Record daily newspaper. He’s been reporting on casino issues in Sullivan County for many a year and knows his facts. Here is his recently published article entitled “Sellers galore, but few buyers for property near Sullivan casino site”.
Sellers believe they’ve found the golden goose and are holding out for prices many investors and developers have passed on this far into the speculation arena. Just as the California Gold Rush produced great wealth, so too will properties surrounding the Montreign Resort/Casino at Adelaar.
Several or more factors, however, will determine just what the agreed to price tag will be for properties in the immediate casino area. There is an economic debate among casino business aficionados as to the ultimate success of the Monticello Casino. Major competition may be on the horizon in Northern New Jersey, Atlantic City will continue to draw, Indian owned properties maintain some market share, the Pennsylvania Pocono casinos are close by, road infrastructure concerns about traffic from New York City are being discussed, and the general sense the gambling scene is over saturated all contribute to the wait and see attitude taken by a more cautious investor mind set.
Residential sellers should be mindful of the message. A casino may be coming to town, but home values may remain static. Pricing within the current comparables is prudent for the time being. Supposing you’ve got the goose and raising your price based on what you believe is common sense, may not be the right approach. If you need or want to sell, forget the casino hype and call me for comps before you count the goslings who have not yet hatched.
THOMPSON, N.Y. — While the construction continues for the Montreign Resort Casino, there’s another big project going on nearby in Thompson.
“We’re excited about it,” said Thompson Town Supervisor William Rieber. “We think it’s going to bring a whole different stream of customers to the area.”
The Veria Lifestyle Wellness Resort is being built just off Anawana Lake Road, on the site of the old Kutsher’s Country Club. It broke ground back in June and now construction is moving along.
“So we have started digging for the foundation and we have started putting the rebar and we have started putting the frame work for the foundation,” Veria spokesman Abhay Jain said.
Despite the weather, the company says construction is on schedule. Work on the foundation is expected to last a few weeks before the steel goes up.
The $90 million project will feature a wellness center with a spa, yoga, and a nutrition room. There will also be a six-story hotel with 131 rooms.
“We have a ground floor and a main floor to have the wellness center, and then we have the hotel rooms above it,” Jain said.
Rieber says the town is meeting with the engineers every month to make sure all proper steps are taken for the project. He expects the resort to bring more visitors to the county.
“We’re very positive about that project,” Rieber said. “It’s a niche environment that they’re going to create as far as their wellness center and spa type resort.”
The resort is expected to be open by spring 2017.