Cypress at the Lake, Inc., announced on Aug. 29 that the 12-story residential building located at the 12-mile marker in the Sunrise Beach area, will be completed within the next year or so with units expected to be available in the spring of 2018.

The Lake of the Ozarks’ only high-rise condominium complex, abandoned before completion when funding dried up during the Great Recession, is set to be finished by a St. Louis-based real estate development company.

Cypress at the Lake, Inc., announced on Aug. 29 that the 12-story residential building located at the 12-mile marker in the Sunrise Beach area, will be completed within the next year or so with units expected to be available in the spring of 2018.

Formerly known as Majestic Pointe, The Cypress at the Lake will offer “five star, resort-style amenities never before seen at the Lake of the Ozarks,” according to the press release. Amenities for the “luxury” residential complex will include an on-site concierge service, private pool, lakeside cabanas, and an indoor/outdoor wine bar along with other entertainment areas.

The project was started before the Camden County Planning & Zoning Department was formed. Current rules prevent a development of this height, making it a unique feature that has become an eyesore to some and a potential one-of-a-kind complex to others.

In mid-April 2016, St. Louis developer Jack Morris met with the Camden County Commission to discuss plans for the property he and two investment partners purchased from a bank in 2009 after it was foreclosed upon. Morris told the Commission at that time that the property had several liens filed against it, clouding the title, which needed to be cleared up in litigation before the investment partners could go public with their plans.

The developer explained that the original developer couldn’t finish the outside of the building as funding dried up, so he concentrated efforts on finishing the inside. The result was the first six floors nearly finished, while the seventh through 12th floors were basically “grey boxes.”

“Not only is this building the exclusive high-rise complex in the area, but its steel and concrete construction, exemplary amenities and prime location on a main channel peninsula make it a perfect investment for a second home,” said Dan Stegmann, a partner with Cypress at the Lake Inc., “The expansive floor plans rival those of a lakefront home, but without the maintenance and upkeep that comes with it. If you only have 72 hours at the lake, we want to make sure you enjoy every one of them when you are here.”

According to Sunrise Beach Fire Protection District Chief Dennis Reilly, the developers are currently constructing the building as it was permitted over a decade ago. Reilly said any new major plans would have to first be reviewed by the department, but added the developers have been very receptive and willing to communicate throughout the entire process.

“We’re going to do a final permit inspection and issue an occupancy permit before anyone moves in there. They’ve been very professional, very easy to work with, and understanding of where we stand on these issues,” Reilly said. “We’ve actually gone over (to the construction site) and raised a couple of questions and they’re addressing everything. The building had sat for a while, so when we raised issues, they were very good and aggressive in addressing those.”

The Fire Chief believes the complex has the potential to generate tax revenue for the Lake area, adding that the building has value and even more when people can purchase units. His department’s main focus remains the safety of occupants, he explained.

Cypress plans to offer lake access via two high-speed elevators, a resident lobby and lounge featuring an espresso bar, a state-of-the-art fitness center that overlooks the water, an infinity pool at the tip of the peninsula, manicured green spaces with fire pits and seating, and a covered outdoor entertaining area with flat screen TVs. Plans also call for a pet-friendly atmosphere, dog trail, and ample boat slips ranging in size from personal watercrafts to yachts protected by a breakwater.

There will be a collection of 61 residences ranging in size from nearly 1,800-square feet, three bedroom and three bathroom models, to penthouse suites. Estimated costs are from the $200,000s to more than $2 million. Each unit has floor-to-ceiling lakefront glass and an oversized, screened lakefront terrace. Residences will be available for tour and purchase by appointment only starting in the spring of 2018.