NEW YORK, Dec. 01, 2015 (GLOBE NEWSWIRE) -- Greystone, a New York City-based real estate development and advisory company, today announced that the world-renowned design firm Robert A.M. Stern Architects has been selected as the design architect for its boutique residential project in Sag Harbor, Long Island. Located at 1, 3, and 5 Ferry Road and 2 West Water Street in the exclusive Hamptons enclave, the planned condominiums are situated on the last undeveloped waterfront land adjacent to Sag Harbor’s Business District. Ryan Serhant of Nest Seekers International, star of Bravo TV’s EMMY nominated “Million Dollar Listing New York,” has been tapped to exclusively market and sell the residences.
“We have assembled a true powerhouse team for this project to help bring this beautiful boutique condominium to the Hamptons,” said Jeffrey Simpson, head of Greystone Property Development, which is developing the project in a joint venture with East End Ventures. “We are moving full steam ahead with the project and hope to deliver the residences by early 2018.”
Located at the eastern end of Sag Harbor Cove, the project will offer a total of 11 residences including eight new adjoined houses on the waterfront and a reimagined existing building facing Water Street with three additional residences. All the homes within the approximately 30,000-square-foot project will offer water-facing porches sized for dining and entertaining, roof-deck plunge pools and individual garages.
Situated to favor views of the harbor to the west, the project is conceived as a staggered row of single-family houses varied in expression and linked by lower pavilions to evoke a typical early 19th-century whaling village streetscape. The residences will be clad in clapboard and cedar shakes in the New England Shingle Style tradition. The existing building currently onsite will be reinterpreted from the inside-out based on the model of a Shingle Style stable to accommodate three additional residences. Each will have its own entry.
The project also features a gated entry leading to individual driveways, defining front gardens edged with white picket fences echoing the Sag Harbor vernacular. On the north side, a landscaped yard descends to the water, complete with a new dock and 11 boat slips. Land financing for the project was provided by Maxim Capital Group.
Greystone, which has developed over $1 billion in residential and mixed-use properties to date nationally, brings its expertise in chic residential development to the Sag Harbor project. The company has an impeccable track record on projects including luxury condominiums in Manhattan, Brooklyn and Miami, FL. Greystone’s experience includes development of waterfront properties, exquisite restorations of landmarked buildings in historic communities and working closely with the communities in which it builds to ensure each project both complements and enhances its local surroundings.
Robert A.M. Stern Architects brings to the project its extraordinary experience in the design of both condominium residences and private houses, many on Long Island's East End. RAMSA Partners Robert A.M. Stern and Gary Brewer will lead the design effort.
Greystone is a real estate lending, investment and advisory company headquartered in New York. Its property development group creates boutique luxury rental and condominium residences and prime quality commercial spaces in gateway cities such as New York and Miami, FL. For more information, visit www.greystonepd.com.
PRESS CONTACT: Karen Marotta Greystone 212-896-9149 KMarotta@greyco.com