Spectrum Skanska reveals 750 new luxury homes in tri-state area

Real Estate Weekly, Nov 14, 2001

From Westchester County to Central New Jersey to Long Island to Southeastern Connecticut, Spectrum Skanska Inc., the Northeast's preeminent luxury home builder, is continuing their strong momentum with the grand opening of four new residential neighborhoods in the TriState area this fall. Combined, the four new communities will total nearly 750 luxury homes, making Spectrum Skanska one of the region's most active residential builders.

"Despite the recent concerns about the economy, our business continues to grow stronger every day. In fact, we have had a surprising number of customers visit our sales centers over the past few weeks," said Mitchell C. Hochberg, president of Spectrum Skanska.

Hochberg credited the strong demand in part to the record-low mortgage rates, as well as supply and demand. "The cost of financing has never been lower and savvy homebuyers are taking advantage of these historically low rates," he said.

Spectrum Skanska's new residential neighborhoods previewing late this fall include:

* The Legends at Half Hollow, a master-planned community of 45 single-family luxury homes on 52 acres in the acclaimed Half Hollow Hills School District in Dix Hills, Long Island. The 5-bedroom estate homes are priced from $1 million. A 24-hour manned gated entry graces this sensitively-designed luxurious new community, The Legends at Half Hollow features a wealth of lifestyle amenities including a private clubhouse, swimming pool, tennis court and children's splash fountain and playground. Preview Now Open.

* Traditions at Historic Southbury, the spirit and lifestyle of a small New England hometown where people of all ages come together in a true feeling of community is recreated in the Traditions at Historic Southbury, a unique multi-generation neighborhood of classic New England-style single-family homes. The community of 150 charming homes ranging from 1,950 to 3,200 SF is situated on 95 picturesque acres in the hills of historic Southbury. Preview pricing is from the mid $300,000's to the low $400,000's. Preview Opening, Nov. 10 and 11.

* Discovery Cove at Half Moon Bay, a new neighborhood of 154 luxury riverfront residences in historic Croton-on-Hudson. The terrace and multi-level townhomes are situated on the banks of the majestic Hudson River and are priced from the low $200,000s to the high $700,000s. Lifestyle amenities include access to a 160-slip marina, a riverfront Boat House with river-front outdoor pool and spa, a Clubhouse with outdoor pool, multi-purpose room, tennis courts and a riverfront promenade.

* Encore Monroe, a maintenance-free active adult community of luxury single-family homes in Monroe Township, Middlesex County, NJ. The spaciously designed ranch-style homes are priced from the mid $200,000s. Designed for active adults 55 and better, Encore Monroe is comprised of 394 single-family homes and offers a wide array of world-class resort amenities including a magnificent 16,000-SF clubhouse, indoor/outdoor aquatic center, and men's & women's card rooms.