Greenwich, CT

Old Greenwich Gables

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Overview

Old Greenwich Gables is a 167-unit luxury condominium community with health club, squash court and pool. Collins built the property, a former brownfield, during the 1990s—and was the only company building during the era’s economic downturn. Constructed along the commuter railroad line on the former Electrolux plant site, Old Greenwich Gables is just 50 minutes from NYC. After renting the property for over five years, the project was restructured in early 1998 and completely sold out within two years. Collins partnered with Apollo Real Estate Advisors and Helaba Bank. The project sell out: $45 million and enjoyed a profit of $8 million.

For over three generations, Collins has created value and profitability through strategic redevelopment and repositioning underutilized properties. Collins owns and operates a $200 million portfolio of mixed-use, multifamily and medical office buildings in the mid-Atlantic to New York City markets. The firm is nationally recognized for its redevelopment work in urban waterfronts, reemerging downtowns and brownfield sites especially well-known for its public-private ventures. Collins also owns a portfolio of workforce housing projects as value-add investments near employment centers and higher education and medical markets.

For questions or comments, please email us at info@collins-llc.com.

Greenwich, CT

About Collins

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Corporate Headquarters

Southeast Office

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