Condominium Update Stamford
* Article Featured in Stamford Plus Magazine's Summer Issue
current condo explosion in downtown Stamford is one of the most
exciting developments in Stamford's 350 year history. Developers are
betting big on Stamford, and for good reason.
The proximity to New York
City is a draw for many people relocating from
Manhattan to Stamford. What is driving many people out of New York City
are the high costs of housing, small spaces, and taxes which are at
least double those in Stamford. Factor in Home Owner Association monthly
fees, two to five times the rate you would find in Stamford, and the
value is really obvious.
Many local developers have
been taking advantage of the thriving condo
scene, for several years, including RMS, who has built several award
winning condominiums in the area. They broke ground last fall for "The
Village at Maple Pointe," a 64 unit courtyard-styled townhouse
development. Standard details include crown moldings, ceramic tiling,
granite countertops, and high-end appliances. The luxury two and three
bedroom homes ranging from 1,500 to 2,500 square feet have sold from
$400k to the mid-$600's at pre-construction prices. A few units are still available
and this project should be completed within the next month.
One of the most impressive
projects happening in Stamford is being
developed by Ceebraid-Signal. It is an 18-story residential, 91 unit,
state of the art condominium named after Prince Charles’ centuries-old
estate "Highgrove" in England. Coincidentally, the site is located
the corner of Grove and West Broad Street and will reach the “Highest
Pointe on Grove Street”.
If you desire the most luxurious condominium offering between Boston and
Manhattan, Highgrove is it. The demand for luxury condominiums has been so
greatly received that the plans for Highgrove were altered and another floor
was added to the offering at the end of the year.Highgrove promises to provide
sophisticated luxury. Picture going home and feeling like you are staying at
a Five Star Hotel.
The luxury amenities at
Highgrove will include 24-hour valet parking,
doorman, concierge, a large sun filled pool area with a spa,sauna/steam
room, health club, touch censored private elevators, a billiard room, a
large entertainment room available by reservation, a private screening
room along with a climate-controlled wine cellar. Highgrove still has
some gorgeous offerings available starting at $1.3 Million.
The Mill River House on
the corner of West Broad Street helped jump
start the condo frenzy in downtown Stamford. Credit is due to
Weinstein and Hannah Real Estate for having the foresight to see the
demand for a 92 unit condominium development set on the outskirts of
downtown. With demand so strong, they decided soon after the sales began
for the Mill River House to buy the adjacent properties and create the
Adams Mill River. The planned Adams Mill River will create a nice unity
to the block. Demolition of several houses and clearing of the site
began a few months ago and construction has begun. Adams Mill River is
projected to be completed in 2007. Some pre-construction offerings are
still available at 499k.
The controversial proposed
development "Parc Tower" still needs to pass
zoning approval, but it will help fill another void in housing. The proposed
Parc Tower is a collaborative venture between Stamford's F. D. Rich Company,
former Greenwich resident Donald Trump and Cappelli Enterprises Inc. of Valhalla,
Stamford has a need for high-end housing to help with corporate area locations.
Parc Tower will help fill this void, consider, The Royal Bank of Scotland moving
their headquarters to Stamford in a few years and the presence of UBS and it
is apparent mentioning just these two banking and financial services groups
that the proposed condominiums will be help meet the needs of many relocating.
Parc Tower would include 184 luxury condominiums including six duplex penthouses.
The entire seventh floor of the building has been set aside for a
amenities including a landscaped deck, an indoor swimming pool, a full-service
health club, a clubroom, library, a billiard room and screening rooms. The
building will offer some gorgeous views of Long Island Sound and the location
is only a few blocks from the Main Stamford Metro North Train Station.
Why not buy a luxury condo with a view, for less than half the price you
would find in Manhattan and pay one third the taxes and walk to work?
It is not all about new
construction in the area - the condominium
offerings are vast in Stamford. There are several lovely waterfront
communities complete with dock spaces, swimming pools, and tennis
courts. Palmer Landing, a 78 unit waterfront condominium complex even
has a hurricane wall which protects its harbor. Stamford Landing, a
high-rise styled condominium affords excellent water views of Long
Island Sound and is within walking distance to waterfront restaurants
while being just a few minutes to Metro North. Pricing for the
waterfront offerings vary, but it is still possible to obtain a harbor
water view for around $600k.
Our area has a plethora
of condominium offerings including Luxury High
rises, Mid-City town homes, Garden Ranches, Luxury Home communities,
high rises, Cluster Home Villages, smaller self managed complexes, and
well maintained adult condominium communities some within walking
distance to the beaches, shopping, and train stations.
vist this site for updates on Highgrove, Parc Tower, The Metropolitan and News
on Royal Bank of Scotland (RBS) and other proposed building developments along
with corporate relocation news for Stamford, Greenwich and Lower Fairfield County