Downtown condos nearing completion
GREENWICH — A new residential facility in a highly visible section of central Greenwich is nearing final completion.
The Modern on Field Point, which is just a block from Town Hall on Field Point Road, has already sold nine of its 12 units, according to the developers. Its modern design, created by the local architectural firm of Granoff Architects, is also transforming the look of central Greenwich, as teardowns and new construction continue to move the visual feel of neighborhood away from its roots as a traditional New England town.
The development team of Reichenbaum Group and Silver Properties began work on the project in March 2018, with demolition of older
The Modern on Field Point, which is just a block from Town Hall on Field Point Road, has already sold nine of its 12 units, according to the developers
homes at the Field Point Road site. The roughly 1.3-acre parcel at 125 Field Point Road sold for some $8 million to the developers. Two new buildings were constructed on the site.
Prices for condominium units were in the multi-million dollar range, according to company representatives when the construction began. According to the website, prices started at $3.15 million. The new units boast high-end luxury amenities, and the upper floors offer views of Long Island Sound.
Large new residential complexes have been built in central Greenwich in recent years, including on Milbank Avenue and Havemeyer Place.
Real estate experts say central Greenwich has become particularly attractive to homebuyers who want to live near transportation hubs such as the Greenwich train station, and to enjoy restaurants and stores within easy walking distance. The new condos are also appealing to older residents, and young ones, who like the convenience of that lifestyle.