Work began last week on a new 9-story Residence Inn by Marriott on Brambleton Avenue, a $22 million project being developed by LTD Development of Chesapeake. But two blocks to the east, three pile drivers still remain silent on the Granby Tower site.

Work halted on Granby Tower in mid September after developer Buddy Gadams lost his financing. The 34-story, $180.5 million condo project would be the city's tallest building if built.

City officials say privately that Gadams is close to obtaining new financing, but he isn't saying much. He sent a letter to his 100 or so condominium buyers. The letter follows:

Dear Future Granby Tower Homeowner,

I am pleased to share with you that we have made some long awaited progress in closing our construction loan with our lender. We hope to have a closing date very soon so that major construction can resume on the Granby Tower site.

We are very grateful to Turner Construction and so many others involved with Granby Tower for their cooperation and patience while we work to finalize the loan closing process.

In addition, the continued support and confidence of our homebuyers have meant a great deal to all of us who are committed to delivering the finest residential address in Hampton Roads. Even as the holidays approach, we assure you we are doing everything we can to expedite the loan closing.

Please accept my sincere thanks and best wishes for a happy, healthy and safe Holiday Season.

Sincerely

Buddy Gadams, President and CEO
Marathon Development Group

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