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| The Vineyards at Blue Point Condominiums, Phase 2, Blue Point, Long Island, NY |
NEW YORK, NY –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged $29.5 million in
construction financing for Phase II of
The Vineyards at Blue Point, an active adult condominium community (age
55+) in Blue Point (Long Island), New York.
Working exclusively on
behalf of Ornstein Leyton Company (OLC) and Latus Partners, HFF arranged the
construction loan with Bank of the Ozarks.
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| Evan Pariser |
HFF has significant
history with the project. The firm first
assisted OLC in arranging the relationship with Latus Partners and securing
initial land acquisition financing.
HFF
then aided the developers in securing construction financing for the
development of Phase I of the community, which totals 74 units and includes the
clubhouse, model units and the entry gatehouse.
Phase II will comprise an additional 84 units.
The Vineyards at Blue
Point is located on a 65-acre site on the south side of Sunrise Highway close
to the south shore beaches of Long Island and Great South Bay in Blue
Point. Upon completion, the 280-unit
project will encompass 44 buildings with townhomes and single-level flats.
The units will all be two-bedroom/two-bath
with nine-foot ceilings, oversized master bathrooms, in-unit washer/dryers and
attached garages. Community amenities
include a heated outdoor swimming pool and bocce court along with the Vineyards
Club, which houses a fitness center, numerous social rooms and lounge space.
The HFF team representing
the developer was led by senior managing director Evan Pariser.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | hfflp.com
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