Luxury planned for 107 acres of LI.
"This acquisition represents an expansion of our geographic involvement in the New York metropolitan area," noted Freireich. "Westminster Communities develops hundreds of homes annually, the majority of which are in New Jersey and New York, but these properties represent our first development projects on Eastern Long Island."
One of the properties, consisting of approximately 45 acres, adjoins scenic Cherry Creek Golf Course, a links-style course that boasts the only par-6 hole in the metropolitan area. Westminster's development plan calls for the creation of 60 luxury, single-family homes. The property will include a community club house, pool, two tennis courts and two bocci ball courts. The overall neighborhood has been designed to maximize residents' views of the golf course. In addition, the plans include cul-de-sac roadways featuring large expanses of open landscaped grounds and neighborhood ponds.
The second property borders the picturesque Long Island National Golf Club. Designed by renowned architect Robert Trent Jones, Jr., the par-71 course offers a mix of links and traditional design elements. Westminster plans to divide the parcel into 79 luxury, single-family homes.
"We are planning to begin site work in early 2004, and the first homes are expected to be ready for occupancy by late 2004," said Sam Gershwin, president of Westminster Communities.
"These will be very desirable communities in an area noted for its quality of life. Each community is surrounded by a golf course on one side and agriculturally preserved land, restricted from future development, on the other side, thus ensuring privacy and natural beauty.
The single-family homes are expected to range in price from the mid--to upper--$500,000s to the mid--to upper--$600,000s.
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|Publication:||Real Estate Weekly|
|Date:||Feb 18, 2004|
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