The St. Regis Residences, Rye Announces Over 85 Percent Sold

RYE, NY (October 1, 2021) – The St. Regis Residences, Rye, a collection of exquisitely appointed condominium residences, has announced that more than 85 percent of its 92 residences have been sold. It also recently welcomed its first residents.

Sales activity has been strong very throughout the year with homebuyers attracted to the incomparable luxury lifestyle that awaits them at The St. Regis Residences, Rye. Buyers also took advantage of the area’s brisk single-family home market to sell their homes and “right-size” to The Residences.

About 45 percent of the buyers are from four nearby communities -- Rye, Harrison, Scarsdale and Greenwich. The St. Regis Residences, Rye is also attracting a number of buyers from New York City who are seeking homes in the northern suburbs. Some buyers are also coming from further afield, such as Boston, Miami, Palm Beach, Boca Raton and Colorado.

“We are extremely pleased with the success we’ve enjoyed with this unique and exciting property. We’ve achieved some of the highest sales prices per square foot in this marketplace, further testament to the level of quality we are delivering. Most of these residences were pre-sold from floor plans and marketing materials from our Sales Gallery in downtown Rye. That is a strong indicator of the success of these incredibly beautiful residences and the luxury amenities that we are offering as a result of the strength of the world-renowned St. Regis brand,” said Alan Weissman, President of Alfred Weissman Real Estate, the developer of The St. Regis Residences, Rye.

Weissman noted that many of the purchasers are business and community leaders who may otherwise have left the area after deciding to downsize and sell their homes. “They have chosen to remain in and continue to give back to their communities which we feel is an important contribution to the vitality of this area,” he said.

The St. Regis Residences, Rye is the world’s first St. Regis Residences property to operate without a hotel. Situated on seven beautifully landscaped acres, The St. Regis Residences, Rye offers one- to four-bedroom residences in five inter-connected buildings around a central courtyard offering a fire pit, barbeque and luxurious water feature. This unique property features gated entrances, lushly manicured gardens, walking paths, many resident lounges, a grand drive court entrance with porte cochère, and an underground, heated parking garage.

Residents of The St. Regis Residences, Rye experience exceptional, bespoke services provided by a Marriott International-trained St. Regis staff seeing to every detail. These services 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. Residences are priced from$1,080,000, and at least one resident per home must be 55 years of age or better.

The St. Regis Residences, Rye features over 25,000 square feet of luxurious amenities, including a large fitness center with exercise studio; a private 10-seat boardroom; a 50-foot indoor pool and whirlpool spa; a wellness complex with relaxing saunas, steam showers and spa treatment rooms; a 16-seat theater-style screening room; library featuring a two-sided fireplace and local artwork; and a selection of lounges, including The Cognac Room where residents can gather to watch sporting events or revel in a game of billiards, and The Drawing Room where residents can enjoy afternoon tea or a book by the fire. Two St. Regis-designed, hotel-style suites are available for use by guests of residents. The center of the property features a meticulously landscaped courtyard with an indoor-outdoor Pavilion, numerous lounge areas, a cascading water fountain, and a fire feature where residents can relax and socialize.

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 mAre arks 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

Alfred Weissman Real Estate

With its focus on quality construction and timely completion, Alfred Weissman Real Estate (AWRE) has earned the trust and confidence of civic and business leaders through its professionalism, high corporate standards and personal commitment to quality projects. Founded by Alfred Weissman in 1983, AWRE is located in Harrison, NY and employs a staff with expertise in real estate investment, management, and development. The AWRE portfolio includes retail, office and industrial properties as well as student housing and hotels.