Homestead Hill, a townhouse development at 19 Olivia St. in Port Chester, was scheduled to celebrate its grand opening last week.
Homestead Hill comprises 11 townhouses, with prices starting at $439,000. Each three-story residence is approximately 2,000 square feet and includes three bedrooms, 2.5 baths and an option for a third full bathroom.
Homestead Hill was developed by Manhattan-based JH Real Estate Group. The Community Preservation Corp. (CPC), a not-for-profit mortgage lender, provided a $4 million construction loan for the project.
“We are delighted to celebrate the completion of this exciting new neighborhood of townhomes in one of the area”™s most dynamic villages,” said Jamie Heffernan, principal of JH Real Estate Group. “Homestead Hill is an extraordinary value in today”™s real estate market.”
Heffernan, who grew up in Rye and now lives in Port Chester, said the project broke ground in 2006 and was completed last week.
“It took a little longer than anticipated because of the unique site,” Heffernan said. “It was a little difficult to work around but we managed to pull through.”
“CPC is very pleased to have provided the construction financing for this attractive and well-designed townhome community,” said Douglas L. Olcott, vice president of the Hudson Valley office of CPC in Hawthorne. “We commend Jamie Heffernan for having transformed this property, which was once a rundown vacant home, into a beautiful new neighborhood.”
