Developer Lists Six Greenwich, Connecticut, Mansions as Affluent Flee New York City
To sell not one but six multimillion-dollar mansions would have seemed a daunting task just a few months ago in Greenwich, Connecticut—where a flight of wealthy suburbanites to New York City have caused home prices to sink 10% to 20% over the past decade and large estates to languish on the market unsold.
But the tide, at least for now, appears to be changing as affluent city dwellers flee from epicenters of the Covid-19 pandemic potentially to the benefit of sellers in neighboring suburban towns, including a Greenwich developer listing a community of luxury residences for sale this week. The six single-family houses on Dublin Hill Drive, each one designed by a different architect and boasting more than three acres apiece, are hitting the market at an opportune moment, said real estate agent Lyn Black, who’s marketing the homes.
“In these unprecedented times, where city residents, in particular, are looking for an escape, Dublin Hill has everything a luxury homeowner would want,” said Ms. Black of agency Houlihan Lawrence.
The homes are each asking north of $7 million and are still under construction. Work on them can continue amid the pandemic as Connecticut, unlike New York, has deemed all construction an essential service during the statewide stay-at-home orders in place since March. The project is expected to be completed next year.
The six mansions vary in style and range from a more traditional New England coastal mansion by Shope Reno Wharton clad in shingles to a contemporary design featuring floor-to-ceiling windows by Workshop APD.
The other homes include a contemporary design with a hulking, architectural chimney by Laura Kaehler Architects; contemporary-shingle style hybrids by Austin Patterson Disston and Tanner White; and a truly quintessential New England design by Robert Cardello Architects that has a stream cutting across the yard.
The collection of top architects from New York and Connecticut reflects the different styles of architecture one might find in town, what the developer and builder SBP Homes referred to as “the storyline of Greenwich.”
“It was conceptualized to meet the expectations of a discerning and design-conscious buyer, showcasing consistency in terms of smart layouts and superior features, while maintaining their individuality with special features that are unique to each home,” said Doron Sabag, co-founder of SBP Homes.
“No matter how you slice it, Greenwich looks increasingly appealing,” Fleisher wrote. “Density is no longer something everyone wants to deal with.”
BY BECKIE STRUM FOR MANSION GLOBAL