(To read more on the multifamily market, click here.)
FISHKILL, NY-Despite a new home sales slowdown in the Northeast,an executive with Toll Brothers Inc.'s New York Metro Division,says sales are up 80% as compared to the same period this year. Thefirm is set to begin construction on its latest venture--the$50-million Regency at Fishkill active adult community--byJune.
Dan Zalinsky, division senior vice president of the New YorkMetro Division of the Horsham, PA-based homebuilder, says thecondominium development will cater to homeowners aged 55 and up.The project will feature 184 units of one- and two-bedroom homesranging from 1,400 sf to 1,800 sf with garage parking. Prices beginat below $300,000. The site will include eight four-story elevatorresidential buildings, a clubhouse, pool and walking trails.Marketing for the venture will begin later this month.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
