Update: Dozens bid on Bay Rock Group site in Whitestone

A site in Whitestone owned by Bay Rock Group is being sold off by Massey Knakal.

Dozens of bids have been placed for the huge residential waterfront site, according to Stephen R. Preuss, director of sales at Massey Knakal. Bids were due March 5.

The site is expected to hold approximately 52 single family homes, some of which will have waterfront views. Home sizes are envisioned to be in the range of 3,200 square feet and up. Bay Rock Group purchased the former industrial site in 2005 for over $25 million. The group has had it on the market since 2011, according to Crains.

Preuss said the winning bid is expected to be announced within the next month. He said both finances and building plans would be taken into consideration by the seller.