Printer Friendly
The Free Library
14,529,525 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Cappelli, Trump enjoy record sales in Westchester.


Who says the housing market is slowing down? Not Louis Cappelli, Westchester's most active residential developer.

His two largest residential developments--The Residences at The Ritz-Carlton, Westchester in White Plains and Trump Plaza Trump Plaza is a name associated with several buildings in the Trump Empire
  • Trump Plaza (Atlantic City) is the 39-story Trump Plaza Atlantic City Hotel & Casino in Atlantic City, NJ built in 1984 owned by Trump Entertainment Resorts.
 in New Rochelle--are experiencing phenomenally strong sales activity. The 44-story Residences at The Ritz-Carlton, Westchester recorded more than $100 million in sales since the Sales Center opened October 3.

"Our initial projections were based on a 12-month Phase 1 sellout which would have amounted to $25 million in sales for October. We've done four times that which is truly incredible," said Cappelli. "We were confident that the Ritz-Carlton brand and the unique lifestyle that goes with it would strike a responsive chord with buyers, but what we're experiencing is amazing a·maze  
v. a·mazed, a·maz·ing, a·maz·es

v.tr.
1. To affect with great wonder; astonish. See Synonyms at surprise.

2. Obsolete To bewilder; perplex.

v.intr.
."

To date, 35% of The Residences at The Ritz-Carlton, Westchester have been sold. Prices currently range from $750,000 to over $6 million.

Cappelli said his company, working in partnership with Donald Trump Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. , has also been seeing very strong sales at Trump Plaza in downtown New Rochelle New Rochelle (rōshĕl`), city (1990 pop. 67,625), Westchester co., SE N.Y., on Long Island Sound; settled by Huguenots 1688, inc. as a village 1858, as a city 1899. . He said the 40-story tower has now passed the halfway point in sales with 87 residences in the luxury high-rise condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 sold.
COPYRIGHT 2006 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:RESIDENTIAL
Publication:Real Estate Weekly
Date:Nov 15, 2006
Words:191
Previous Article:Single-family luxury for sale at Mill Basin.(RESIDENTIAL)
Next Article:Families expected to flock to West End Ave. condos.(RESIDENTIAL)
Topics:



Related Articles
City Center at White Plains topped off. (Design and Development).
Sale of joint venture interest in New Roc City.
City Center units all the rage.(Westchester)(real estate buildings)
Trump's new Apprentice buys condo in boss' space.(Residential)
Downsizing for grown ups.(adult condominium community in Yorktown)(Brief Article)
Hudson Valley emerges from city's shadow.
Trump and Cappelli unveil newest tower.(Trump Plaza )
Celebrating the July 31 topping off of the new Trump Plaza condominium tower in New Rochelle, NY are: Developer Louis R. Cappelli, President and CEO...
The three developers comprising the partnership of Struever Fidelco Cappelli (SFC) and Yonkers Mayor Philip A. Amicone were honored by the...
More than 400 real estate brokers were on hand for a financial planning seminar hosted by The Residences at The Ritz-Carlton, Westchester in White...

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles