STAMFORD, CT (PRWEB) March 22, 2006
Apollo Real Estate Advisors, LP and Urban Residential, officially kicked off sales today at The Classic Condominiums, downtown Stamford’s exciting luxury condominium conversion, with the release of its Public Offering Statement to tenants.
Located at 25 Forest Street in the heart of one of Stamford’s most exciting and sought-after neighborhoods, the new condominium residences will provide the ultimate in elegant city living.
In addition to implementing high-quality design and construction upgrades, such as a new lobby,and common corridors, the partners will provide an array of amenities, including a puppy park with weekly “Yappy Hour,” a health club, and an owners’ lounge that will include bookshelves, a wide-screen television and wireless internet connection. The enclosed rooftop pool will also be refurbished.
“Improving The Classic will not only benefit its residents, but will also promote the community at large by contributing to a thriving and revitalized downtown Stamford,” said Christopher H. Martorella, CEO, Urban Residential. “Our successful track record with downtown properties in cities like Boston, New York and Philadelphia will help us to realize the full potential of The Classic.”
Year-round shuttle bus service will be provided to the Stamford Transportation Center, where Metro-North trains deliver passengers to Manhattan in under 50 minutes. A superintendent will be available around the clock to provide repair services and respond to condominium owners’ needs.
“The Classic has many great features on top of its great location,” said Richard Mack, managing partner, Apollo Real Estate Advisors, a leading real estate investment fund based in New York. “We have been looking for an opportunity to participate in downtown Stamford’s exciting revitalization and The Classic Condominiums is it.”
Ranging from 600 square feet to over 2,400 square feet, the 18 story tower will offer 144 residences in a variety of floor plans that feature a terrace or a balcony. Residence configurations are available in studio and several one-, two- and three-bedroom layouts. The renovated units will have new kitchens and bathrooms, hard wood floors, and other features.
Wells Fargo will serve as the on-site mortgage lender for The Classic Condominiums. Prices will begin at $350,000 and range to over $1 million for the penthouses.
The Sunshine Group Ltd., one of the nation’s premier marketing, sales and development planning organizations for luxury residential condominium properties and condominium hotels, is the exclusive sales and marketing agent for The Classic Condominiums.
Urban Residential, specializes in the development of multi-family condominium and rental properties in downtown neighborhoods. Focusing primarily on the metropolitan areas of New York City, Boston and Philadelphia, the company’s recent New York City projects include 255 Hudson Street, 505 Greenwich Street, and Soho 25.
Apollo Real Estate Advisors, LP, one of the most active and prominent real estate investors in the United States and internationally, is a private partnership that targets a broad range of direct equity and debt investments throughout the United States, Europe, and Japan. The firm recently partnered to develop the Time Warner Center in New York City, one of the most prominent and prestigious buildings in the United States.
This is the first residential project in Connecticut for both companies, which collaborated to create 505 Greenwich Street in Manhattan, an $82.5 million, 104-unit luxury condominium.
For more information about The Classic, please contact:
Jessica Dee Rohm
The Sunshine Group, Ltd.
jrohm @ sunshinegroup.com
Stacey Cohen/Mike Dardano
mike @ cocommunications.com