Glasses raised to $50M gated community project.

Greenwich based Antares is developing an exclusive gated community in Westchester.

The $51 million 6.5 acre development called CiderMill, is located on the former site of Schultz's Cider Mill, an 80-year-old farm stand and institution in Armonk, New York.

Designed by Moisan Architects, a renowned Connecticut-based architectural firm, CiderMill will project the residential feel of a Beacon Hill or Georgetown with Federal influences. "It is a mix of traditional American and North Atlantic home design with a variety of styles to appeal to first-time home buyers, families and empty nesters," said Rick Moisan.

"Gas-type street lamps and quaint village sidewalks providing easy walking to retail and restaurants will make for a unique convenience never previously offered before in Armonk," said Joseph Beninati, managing partner and cofounder of Antares.

When completed, CiderMill will feature 27 ultra-luxury residences ranging from spacious 3,100-s/f. townhouses to grand 6,200-s/f. single-family homes priced from $1.4 million to $2.6 million. The models, furnished by Cocobolo of Armonk, will be available for viewing during the spring of '04.

The residences will offer the most elite kitchens and baths, high ceilings, handcrafted millwork, hardwood floors, multiple fireplaces, including some in the master bedrooms, and the choice of first floor or upstairs master bedrooms. Each kitchen will be hand-fitted with custom English cabinetry by Christopher Peacock working with master craftsmen apprenticed in the English tradition.

With offices in Greenwich, Palm Beach and Chicago, Peacock is considered one of the finest cabinetmakers in the world.

The lavatories will feature Water works, the premier designer of bath fittings and fixtures.

Waterworks was recently named the best in its category and one of the 10 best among all home-furnishing designers by "ElleDeco" in their International Design Awards.

CiderMill is located only a short walk into Armonk's quaint village, a 15-minute drive to Greenwich and a 50-minute drive to New York City.

"Armonk is one the premier towns in the Northeast," said Beninati, who lives here. "Each year our school district ranks among the state's finest by every metric, and our town leadership has managed our finances so prudently as to make Armonk's tax rates among the most efficient of Westchester's elite towns."

"CiderMill will be a perfect combination of small town living with access to so much more," added Jim Cabrera, Antares Co-Founder. An application has been filed with the State of New York for CiderMill to be managed by a Home Owners Association that will reward residents with maintenance-free living.

The HOA will manage, among other things, exterior home maintenance and all grounds and landscaping, as well as the gated security entrances. The homes will be ready for occupancy in November of 2004.