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July 2008


REAL ESTATE

Deeds & Don'ts

(Page 3 of 6)

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Like the Toyota Prius and the Honda Fit, Smart Growth represents a paradigm shift toward a sustainable housing product. It puts people within walking distance of shops, schools and a train station. It favors appropriately sized homes on smaller lots with sidewalks leading to shared "backyards" in the form of municipal parks and playgrounds.

In Connecticut, Smart Growth development often means reviving existing villages rather than creating new ones. In South Norwalk, for instance, the nearly sold-out Maritime luxury condos came online at the exact moment the real estate market started to sour. Downturn notwithstanding, only one of its 61 units has not sold and the last one standing is spectacular: a 1,900-square-foot penthouse with two private terraces, three bedrooms, two bathrooms (plus one half-bathroom) and an all-Viking kitchen. Summit Development's Jim Campbell has the $989,000 listing; he can be reached at (203) 354-1505.

In Greenwich, a new 10-condo community called Lily's Path is also enjoying strong sales and, like the Maritime, it's down to its last unit. Within walking distance of Greenwich Avenue, the detached homes are individually designed and built around lushly landscaped private courtyards. Indeed, the remaining 5,870-square-foot Garden Home, as it's called, features an English garden designed by James Doyle Design Associates. The inside is prestigiously appointed as well with a gorgeous Sub-Zero and Viking kitchen, a luxe master suite with a private dressing room with a freestanding soaking tub and two additional en-suite bedrooms, along with a media room and four fireplaces. It's listed for $6.4 million with Dianne Orlando (203-536-0317).

Another such in-town Greenwich community is on the drawing board, to be built on the site of the former Greenwich Armory on Mason Street. The HB Nitkin Group hired architect Robert A.M. Stern to design nine high-end townhouses of up to 6,000 square feet each, also within walking distance of glittery Greenwich Avenue.

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