Pinnacle Project
 
 
Pinnacle Overview

A group of friends, organized as Pinnacle Project, LLC, owns both Pinnacle Cohousing and Loch Lyme Lodge, Inc. This overview describes both projects.

Pinnacle Cohousing is a developing cohousing neighborhood, which will have both private homes and shared workshop and community spaces. Loch Lyme Lodge is an operating one-hundred-year-old hospitality business comprising a New England lodge and 22 comfortable, rustic cabins – www.lochlymelodge.com. These two ventures share 120 acres in Lyme, NH with gardens and fruit trees, play areas, hiking and skiing trails and waterfront on Post Pond.

Pinnacle Cohousing

The idea of aging in our own homes, while living surrounded by people of all ages in the neighborhood, is what brought Pinnacle’s founders together in the first place. Members will own their own homes/flats, some of which will be attached to our shared community building while others will be in duplexes or fourplexes, all clustered on five of our 120 acres. This compact design preserves open-space, makes communication between neighbors easier, and helps minimize our environmental footprint. In 2017/18, we plan to build our first 6-11 homes.

Our individual homes, as small as a studio and as large as a four-bedroom home, will be complemented by shared common spaces including workshop and studio space, community kitchen/dining room large enough to support regular common meals, library and music room, and other community areas that provide comfortable living spaces. We anticipate that individual homes will range in size between 600 and 1800 square feet, while our common house will have almost two thousand square feet. We will add another 4-12 homes to the cluster over time as new members become interested in moving in, and as zoning allows.

We estimate that a studio will cost about $199K, while a four-bedroom home would be closer to $499K. Many factors will influence the final cost of a home, including the overall size of the unit, how the inside of the home is finished, how “green” we can afford to make our buildings, what type of septic treatment and energy systems we use, how much we can use local builders and craftspeople in our construction and design, and when we break ground. Eventually we plan to integrate some rentals and include some housing that meets the definition of workforce housing using Grafton County (NH) standards.

Our team, including engineers, lawyers and architects, has been working over the last eleven years with the Lyme Planning and Zoning boards. We expect to break ground on our first homes in 2017 or the spring of 2018.

Loch Lyme Lodge - Hospitality Business

While we did not purchase the property to run the “Lodge and Cabins at Loch Lyme Lodge”, we quickly came to appreciate what a gem this 100-year-old cabin based hospitality business is. We are preserving LLL by creating a cabin condominium component and upgrading the infrastructure, which includes moving and restoring the barn, installing a complete septic system, and insulating and better heating each cabin.

Organizational Structure

Three legal entities are associated with the cohousing and lodging, Pinnacle Project LLC, Loch Lyme Lodge, Inc. and Post Pond Lodge, LLC:

  • Pinnacle Project, LLC is a NH company formed to develop cooperative condominium housing ("cohousing"). In 2006, Pinnacle Project purchased the stock of Loch Lyme Lodge, Inc.
  • Loch Lyme Lodge, Inc. is the corporation that owns the land and all the buildings, and is itself owned by some members of Pinnacle Project, LLC
  • Post Pond Lodge, LLC, which is also owned by Pinnacle Project, LLC, runs the hospitality business and restaurant at the Lodge, renting out the cabins and hosting weddings, reunions, retreats, etc. in the "shoulder seasons".

Membership in Pinnacle Project

Three types of membership are available:

  • Pinnacle Members: People who become members of Pinnacle Project, LLC (a “Pinnacle Member”) have the right to come enjoy the waterfront, walking, gardening, skiing, and generally benefit from spending time using the non-residential facilities. In addition, Pinnacle members receive priority access to summer cabin rentals as well as a discount on cabin rentals and meals. To become a Pinnacle Member one must formally agree with our Vision Statement, make a capital contribution (currently $21K), and be accepted by the Pinnacle Project mangers on recommendation of the membership.
  • Cabin Members: A Pinnacle member who also purchases a cabin is a “Cabin Member”. Cabin condo members ordinarily keep their cabins in the rental pool managed by Post Pond Lodge, and can also use their cabins themselves when not otherwise rented out.
  • Cohousing Members: A Pinnacle member who purchases a home in the cohousing project is a “Cohousing Member”.

A Pinnacle Member does not need to purchase either a cabin or a home, can choose to become either a Cabin and a Cohousing Member, or be both.

Summary

As we look to the future, we believe that a combination of cohousing and our cabin-based hospitality business will allow us to use and preserve these 120 acres so that the business can prosper, the cohousing can provide energy efficient, reduced footprint homes, and that our great-grandchildren will look up from Post Pond and see much the same landscape as one sees today.

If you want to learn more about any of these membership options, please write or call Liz Ryan Cole - This e-mail address is being protected from spambots. You need JavaScript enabled to view it (802-785-4124) or Rich Brown - This e-mail address is being protected from spambots. You need JavaScript enabled to view it (603-795-2525).

 

Copyright © 2006-2017, Pinnacle Project, LLC.