Who says times are tough in the construction industry? Just this week representatives from Mosaic Company announced plans build Streamsong, a luxury resort near Fort Meade, Florida. Not a bad first step for a phosphate company venturing into real estate development.
This over-the-top resort sits in a peaceful lakeside setting, surrounded by miles of forest on 16,000 acres of a former phosphate mine. Some of the building features will include: over 20,000 square feet of meeting facilities, rooftop veranda and pavilion, 4,000 square foot ballroom, 140 extra-large guest rooms, five private villas, and a 15,000 square foot full service spa. The facility will also have a two restaurants, two lounges, and two 18-hole golf courses.
Streamsong is slated to open in the fall of 2013 and will employ 200 full time employees. With a building cost estimated between $70 - $80 million, once has to wonder about the timing for such an extravagant project. Rich Mack, Mosaic's executive vice president, claims, "we believe the resort is well-timed." Using the economic slump to their advantage, Mosaic is able to save on building costs and have a ready supply of workers. Ideally, the project will be completed by the time the economy rebounds.
Source: TheLedger.com; HeraldTribune.com
Photo supplied by Herald-Tribune