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Homestead Hill is complete

Mary Sue Iarocci

Sep-18-09, 09:56 AM

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Topics: Real Estate

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.”

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