STAMFORD, CT - Palmer Hill Partners, developer of Stamford’s premier luxury residential community Palmer Hill, is excited to announce its 100th sale. A steady flow of buyer traffic and sales momentum resulted in 30 home sales totaling over $20.2 million since the start of 2011. Ninety families are currently living at Palmer Hill and 15 more are scheduled to move in by year-end. In addition, the private, gated community has entered Phase III of construction with the commencement of the East Building. The East Building will provide new buying opportunities, with closings anticipated to take place in spring 2012.
“We attribute the strong 2011 sales activity at Palmer Hill to the progress of construction and our top-quality homes, both of which have positioned Palmer Hill as the premier option for homebuyers seeking new construction.” said Bill McGuinness, principal of Palmer Hill Partners. “Our research suggests that Palmer Hill home sales account for more than fifty percent of the new construction market in Greenwich and Stamford, which is a testament to the value we offer.”
Phase I is completely sold out and fully occupied, while only a few offerings remaining in Phase II. Phase III offers new inventory including 27 garden condominiums in five different floor plans currently priced from the low $500,000s to the high $700,000s. Phase III will also feature a new line of townhome floor plans that will be available for occupancy in 2012.
“Sales at Palmer Hill have maintained a steady pace due to its uniquely broad appeal to buyers ranging from single professionals to young families and empty nesters” said Bob Dale, principal of Palmer Hill Partners.
Ideally situated in the heart of lower Fairfield County, where Old Greenwich meets Stamford, Palmer Hill is an award-winning community set on nearly 20 acres of park-like landscaped grounds and conservation areas and is designed in the traditional architectural style of coastal New England. The private, gated community features 195 residences, including 114 townhomes and 81 condominium residences with dozens of custom options, including all flooring, cabinetry, counters, tiles and electronics, and each home has its own private outdoor spaces including patios, terraces and/or balconies. Renowned designer Lynn Morgan has decorated the model homes and includes furnishings from a variety of local merchants.
Palmer Hill offers five single-level two- and three-bedroom condominium plans, with homes ranging in size from 1,200 to over 2,000 square feet, and priced from the $500,000s to the high $700,000. The condominium buildings are designed in traditional shingle-style architecture with dramatic rooflines, brick chimneys and other elegant details, set on a centrally located landscaped courtyard. Condominium residents each have access to garage parking for two cars and direct elevator access onto each floor.
The three-bedroom townhomes feature New England cottage-style architecture, with clapboard siding, large flagstone porches and patios, brick chimney pots and window boxes. Townhomes range in size from approximately 2,000 to 4,000 square feet and offer private two-car garages and brick-paver driveways and walkways. Select models include first-floor master bedroom suites. The townhomes are priced from the $700,000s to over $1 million.
Amenities include a dramatic 3,500-square-foot community clubhouse with a resort-style swimming pool, spa hot tub and outdoor fire pit. French doors lead from the pool terrace into the well-appointed clubroom which offers a catering kitchen, flat-screen television, fireplace and luxurious furnishings. Palmer Hill’s fitness center features state-of-the-art equipment and flat-screen televisions, and a yoga studio with hardwood floors, mirrored walls and ballet bar. A business center is available to residents as well, complete with wireless Internet access, conference table and computer kiosks.
