St. Regis Residences, Rye reaches 50% sold milestone

Rye, NY According to Alfred Weissman Real Estate, the developer of The St. Regis Residences, Rye, a collection of condominium residences, more than 50% of the 92 residences have been sold as construction is nearing completion.

“We are very pleased with our sales activity over the past several months. At our current pace, we are exceeding our sales targets. Buyers are discovering the incredible luxury lifestyle that we are offering at The St. Regis Residences, Rye which is unmatched anywhere in our market,” said Alan Weissman, president of Alfred Weissman RE. “The growing trend of NYC residents leaving the city seeking homes in the northern suburbs has created a tremendous boom to the Westchester residential market.” 

Recent sales activity has been brisk, with 13 homes sold in the last few months. In addition to Rye, buyers are coming from Long Island, Chappaqua, Harrison, Scarsdale, Larchmont, Mamaroneck, Greenwich and Manhattan. Some buyers are also coming from further afield, such as California, Boston and Colorado.

“We are thrilled with the success that we have achieved thus far in our pre-sales period,” said Adrienne Albert, CEO of The Marketing Directors, the development’s exclusive marketing and sales firm. “Despite some market uncertainty, buyers are assured of the immense value and unparalleled lifestyle opportunities at The St. Regis Residences, Rye. Given a robust single-family home market in Westchester and Connecticut, many are taking advantage of the opportunity to sell their homes and purchase with us.”

The St. Regis Residences, Rye will be the world’s first St. Regis Residences property to operate without a hotel. Situated on seven landscaped acres, The St. Regis Residences, Rye offers one- to four-bedroom residences in five inter-connected buildings. This unique development will feature gated entrances, manicured gardens, a large central courtyard, walking paths, a grand drive court entrance with porte cochère, and an underground, heated parking garage. 

Residents of The St. Regis Residences, Rye will experience services provided by a Marriott International-trained St. Regis staff seeing to every detail. These services will include the signature St. Regis butler service, a 24-hour concierge, full-time property management, valet parking, package and mail delivery, and doorman and porter services. At least one resident per home must be 55 years of age or better. Occupancy of the first residences is expected in early 2021.

The Sales Gallery, which was previously located onsite at 120 Old Post Rd., was relocated to 38 Purchase St. The new location is at the heart of Downtown Rye which has been transformed into a lively, pedestrian-only mall with a wide array of indoor and outdoor dining. “The Purchase Street location has provided us with tremendous exposure to potential buyers among the many area residents who are flocking to downtown Rye,” said Weissman. 

Three model homes, designed by Rye-based interior designers Dale Blumberg Interiors and Elissa Grayer Interior Design, will be opening before the end of the year.

The St. Regis Residences, Rye are not owned, developed or sold by Marriott International, Inc. or its affiliates (Marriott). OPRA III, LLC uses the St. Regis marks under a license from Marriott, which has not confirmed the accuracy of any of the statements or representations made herein. All of the services, amenities, benefits and discounts made available to residential owners are subject to change, replacement, modification or discontinuance. Fees may apply. The complete offering terms are in an offering plan available from Sponsor File No. CD18-0365. PER LOCAL ZONING REGULATIONS, ONE RESIDENT PER CONDOMINIUM MUST BE AT LEAST 55 YEARS OF AGE, AND NO RESIDENT MAY BE UNDER THE AGE OF 18. Additional details are available in the offering plan.