Luxury Condos Selling Well In Connecticut

by Deidre Woollard (RSS feed)
Dec 27th 2005 at 12:07PM

Last week, we mentioned that condos in a small town in North Carolina were having a hard time selling but that doesn't seem to the case for a condo building in Stamford, Connecticut. According to theStamford Advocate nearly half the condominiums and townhouses at The Metropolitan , an office building turned into luxury residences, have been sold. The building contains 40 condos, including three $1.6 million penthouses. The condominiums have high ceilings with large windows and covered parking spaces and the building includes a concierge, a fitness center, a club room with a temperature-controlled wine cellar, a flat-screen television and a bar. The project is the first large-scale conversion of downtown office space in the area and offers a more urban lifestyle for residents of the town. Prices range from $450,000 to $1.6 million.

Tags: condo conversion, connecticut, luxury condos, real estate, stamford

Filed under: Estates

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Jim Griffin Dec 27th 2005 10:52PM

Obviously you have heard of the northeast gold coast. It runs from NYC and into Connecticut until Bridgeport. Property values in this part of Connecticut have risen by more than 400% over the past 6 years.

Just look at Phil Donahue's Real Estate listing...or maybe the property that Martha Stewart just bought in Norwalk, or maybe David Letterman's property, or any of the others.

There's no end in sight.