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News : Real Estate Oct 20, 2015 - 2:36:56 AM


CBRE Representing Seller of Long Ridge Club in Stamford

By CBRE Group





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The Long Ridge Club's entrance (contributed photo)
STAMFORD, CT - CBRE Group’s Westchester/Fairfield County office announced on Monday that it has been retained to represent ownership in the sale of the Long Ridge Club in Stamford, Connecticut.

Located at 2517 Long Ridge Road on 15 acres in the North Stamford area, the Long Ridge Club is a private tennis and swim club that has been in operation for more than 50 years.

The club features nine Har-Tru tennis courts—with three equipped for night play—a 6,210 square foot, heated, eight lane competition pool; a recreational swimming pool; a tennis backboard court; a kiddie pool; and a small children’s playground. Snack bar and locker/clubhouse facilities are also available to members.

The grounds there are zoned RA2—2 acre single family residence—so the opportunity exists to redevelop Long Ridge Club in its entirety. However, ownership prefers an investor that would take advantage of the ease of ownership transition that the club’s existing membership and staff would provide, while developing a portion of the grounds for single family residences, senior housing or other compatible uses.

“Long Ridge Club provides an amazing opportunity for an investor interested in capitalizing on this club’s long history, convenient location and potential for development,” said Patrick Colwell, a senior vice president for investment properties at CBRE who leading the marketing efforts for the property. “This club is located in a growing and sought-after area and we believe that it will garner significant interest.”

Within a one-mile radius of the club, the average household income is $252,047 and the population has grown 3.52 percent from 2010-2015. It is also conveniently located 3.5 miles north of the Merritt Parkway and less than a mile from Westchester County, New York.




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