REAL ESTATE REPORT
In its first Connecticut venture, JH Real Estate Group is building Liberty Commons in Stamford, which will feature condominiums with prices starting in the low $400,000 range.
Developer James Heffernan will put up 38 condominiums in seven buildings on 1.3 acres on Liberty Street. He also is working on 11 townhomes on Olivia Street in Port Chester, N.Y.
Heffernan, who grew up in Rye, N.Y., has been involved in building ownership, leasing and property management throughout his working life, primarily in New York City.".........
........Four of the 38 units will be sold at below-market rates to those who qualify, but the exact price has not been determined by the city. Last year, the prices would have been about $186,000, Heffernan said..........
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Source: Greenwich Time
Publication Date: August 10, 2007
Reporter: Susan Nova