Highgrove - Stamford, CTStamford, CT According to CBRE Group, Inc., Jeffrey Dunne, Gene Pride and Travis Langer of CBRE’s Institutional Properties, represented Winthrop Realty Trust in the sale of Highgrove, a 93-unit Robert A.M. Stern designed apartment community to a private investment group for $87.5 million or $940,860 per unit.
The new owners intend to continue operating Highgrove as the pre-eminent luxury rental community in the region. Amenities include grand resident lobby, clubroom, media screening room, wine cellar, caterer’s kitchen, private elevator entrances, expansive fitness center with sauna, steam room and pool facilities. Units feature gourmet kitchens with marble counters, Wolf & Sub-Zero appliances, oversized cabinets, 10’+ ceiling, crown molding, hardwood flooring, fireplaces, private balconies with expansive Long Island Sound views, 6 piece master baths and massive walk-in closets.
Dunne said, “The sale of Highgrove reflects the ongoing demand for high quality assets in Stamford and Fairfield County. The property is spectacular, with finishes that are unmatched in the suburbs and will be difficult to ever duplicate. The buyer acquired a great asset in Highgrove, beating out many other qualified buyers.”