The developers of Watermill Crossing, a new luxury residential community in Water Mill, have laid the foundation stone for the project and sales are off to a great start, according to Saunders & Associates.
Ed Bruel and Jennifer Wilson, who account for 38 homes, have reported several units already under contract. Prices for two-story homes range from $2.095 million to $2.895 million.
“This is the most exciting real estate opportunity in the Hamptons,” Bruell said in a statement released Thursday. “The property is thoughtfully thought out, the building is on the top shelf and the site is Water Mill Village in the middle of town.”
Real estate developer JS Squared expects the project to be completed at 66 Nowedonah Avenue, off Montauk Highway, by the summer of 2023.
“People today enjoy living in multiple places and this development is ideal for them,” Jennifer Wilson added. “It’s not about people downsizing their homes, it’s about buyers who enjoy a multi-location lifestyle with all their amenities.”
Watermill crossing near the watermill
Watermill Crossing is located on 6.4 acres just east of the Water Mill business center, where the Soul Cycle, Provisions Natural Food Market, and Bistro Eté have been located.
Each townhouse, designed by McDonough & Conroy Architects, an island-based firm, ranges in size from 2,500 to 2,800 square feet. There are three to four bedrooms in every home. Racanelli Construction of Melville oversees construction.
Mabley Handler Interior Design, located along the road at the Water Mill, will put its stamp on interior spaces.
Amenities of watermill crossing
Property amenities will include a centrally located clubhouse with a fitness room, locker rooms with showers, a large room, a cozy lounge with card tables, a food prep area, and a wet bar. A large stone patio will surround an oversized swimming pool and separate spa also located in the center of the complex.
Arras Design of Southampton oversees the landscape design. The project will take care of landscaping, de-icing and pool service for the tenants. There will also be electric vehicle charging stations on the premises.
James Stanton and Jeffrey Sushman of JS Squared are no strangers to large-scale development. Suchman recently completed the new CVS Pharmacy building in East Hampton and has been instrumental in Manhattan projects that include Hudson Yards and The Caledonia. Stanton is president of the Global Group, which has developed notable structures in Billionaire’s Row in Manhattan, as well as condominiums throughout New York City.
A showroom for Watermill Crossing has been established in the office of Saunders & Associates in the village of Southampton at 14 Main Street. For more information, please contact us Ed Bruehl at (646) 752-1233 and Jen Wilson at (631) 219-2771, email [email protected], or visit TheWaterMillCrossing.com.