May 19, 2006
GREENWICH, CT – May 19, 2006: Top brokers from around the region attended a Model Home Open House on May 16 at the luxury condominium conversion community of Greenwich Place. More than 160 real estate professionals attended the event that was hosted by Greenwich Fine Properties, a local real estate brokerage, which is the exclusive broker for all the units.
The model homes and sales offices for Greenwich Place will be unveiled to the public at Open Houses on Saturday, May 20, 2006 from 10:00 a.m. to 4 p.m. Greenwich Oaks, the sister condominium community, is scheduled to have its own open house at the beginning of next month on Saturday, June 3. Lending agents from Wells Fargo and Countrywide as well as Concorde Funding Group, a lender specializing in loans for seniors will also be on hand at the open houses.
“I was very impressed by the quality of the renovation; Pella windows, stainless steel appliances, Moen sinks, Waterworks fixtures. These homes have foregone any significant renovation for sometime and it is nice to see that they are being restored in such an elegant manner,” said Valerie San Antonio of Coldwell Banker. “We are delighted to work with such notable firms as Antares and Greenwich Fine Properties.”
The properties' developer, Greenwich-based Antares Investment Partners, LLC, has a reputation for creating high quality projects including the critically acclaimed Cider Mill, an exclusive gated community in Armonk, NY; the fabulous renovation of the luxury water-front Delmar Hotel in Greenwich; and museum-quality private estates built for discriminating clients throughout the New York Metropolitan area.
“We believe these properties will deliver smart ownership opportunities for young professionals already working in Greenwich's medical and financial industries, New Yorkers looking to relocate to the suburbs, residents of surrounding communities seeking to up-grade to the Greenwich lifestyle and current residents,” said Doug Stevens, president of Greenwich Fine Properties. “This exclusive location and product quality at these prices is a rare opportunity indeed.”
The 396 units divided between the two complexes formerly rentals known as Putnam Green and Weavers Hill will be sold at prices ranging from $600,000 to $1.8 million and are currently undergoing a $150 million renovation to both the exteriors and interiors. The studio, one-bedroom, two bedroom and three-bedroom units, as well as three-bedroom townhouse units range in size from 750 – 2,400 square feet. Most units feature terraces or balconies and some also offer additional appointments such as cathedral ceilings and in-unit parking.
“These well-appointed homes are also an exceptional value by Greenwich standards, a secure investment, rich with amenities and provide a unique opportunity for homeownership in a truly exceptional community,” said Antares Managing Partner Joe Beninati. "Anyone considering investing in a home in this area should experience first hand the ‘Greenwich Difference' which includes prestigious public and private schools, beach and golf, exclusive country clubs, significant cultural offerings, prime shopping, easy access to New York City and remarkably low taxes.”
The extensive renovations will completely transform the properties' current “contemporary-look' into a more organic, New England-style. The plans also include a fitness center as well as new landscaping.
The exterior renovation will occur on a phased-schedule designed to minimize disruption and will take place over the next 18 – 24 months. Interior renovations will occur as units are sold. The individual units' interiors will also undergo a full renovation including new kitchens, GE appliances, bathrooms, flooring, doors, Baldwin brushed nickel hardware, Waterworks fixtures and accessories, and Walker Zanger stone.
For more information, or to make an appointment, contact Doug Stevens Greenwich Fine Properties at (203) 532-5790 or log on to www.greenwichPlaceCT.com or www.greenwichOaksCT.com. The model units and sales offices will be open daily from 9 a.m. – 5 p.m., or with evening hours by appointment.
Greenwich Fine Properties is an independent, locally-owned real estate boutique with a professional team of agents that offer unparalleled experience and service, backed by expertise gained from a singular focus on the Greenwich, Connecticut market. The firm offers a unique knowledge of and commitment to the Greenwich community that cannot be replicated by national or regional firms including a first hand knowledge of the schools and neighborhoods, places of worship and places to shop and to play. Greenwich Fine Properties is dedicated to serving its clients as tireless advocates for the success of their real estate search or sale.
Headquartered in Greenwich, Connecticut, Antares is a leader in a full range of real estate assets, projects and services. The firm manages a multi-asset and multi-project real estate portfolio valued at approximately $4.5 billion and was founded by Joseph Beninati and James P. Cabrera in 1996. Using a vertically integrated business model, Antares develops, designs, entitles, builds, owns, sells and manages a broad range of ultra-luxury assets. Antares' capital partners are many of the world's leading financial firms, private equity funds, university and state endowments, and entrepreneurial investors.
Contact:
Annie Lazar
The Marino Organization
212 889 0808
annie@themarino.org