May 31, 2006
GREENWICH, CT – May 31, 2006: The highly anticipated unveiling of model homes and sales offices for the luxury condominium community of Greenwich Oaks is set for Saturday, June 3 from 10:00 a.m. to 4:00 p.m.
The 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.
“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 130 units, formerly rentals known as Weavers Hill, will be sold at prices starting at $900,000 for a two-bedroom unit and $1.1 million for a three-bedroom unit. The property is currently undergoing a multi-million dollar renovation to both the exteriors and interiors. Most units feature terraces or balconies and some also offer additional appointments such as cathedral ceilings and in-unit parking.
Greenwich real estate, which has appreciated at almost twice the national average over the past decade, is among the most sought after in the nation. New condominiums in Greenwich can range upwards of $3 million, and the average list price for a single family home in Greenwich is over $4 million.
“We believe that Greenwich Oaks will deliver smart ownership opportunities for anyone seeking to up-grade to the Greenwich lifestyle as well as for the property's current residents,” said Doug Stevens, president of Greenwich Fine Properties, a local real estate brokerage that serves as the exclusive broker for all the units. “This exclusive location and product quality at these prices is a rare opportunity indeed.”
The extensive renovations will completely transform the properties' current “contemporary-look' into a more organic, New England-style. The plans also include a new health club as well as new landscaping, exterior lighting, entryways, streetscapes and signage. The pools and pool houses, as well as the event rooms will also be fully renovated. The main entrance will be enhanced including plans for a new Gatehouse. 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 of Greenwich Fine Properties at (203) 983-7401 or log on 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. 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.
Directions: Once in Greenwich, CT, take West Putnam Avenue. Make a right on Dearfield Drive and go around the rotary to Glenville Road for .7 miles, left on Weaver Street. Greenwich Oaks located on left. The Model Unit and Sales Office are located across from the visitor's parking lot in building # 9.
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/Julia Winkler
The Marino Organization
212 889 0808
annie@themarino.org
jjuliaw@themarino.org