Luxury condos reborn in Monticello
January 29, 2014 —
MONTICELLO, NY — The complex then called Dunbar Towers was about 80% complete four years ago, when construction halted with the onset of the Great Recession. But there is renewed activity at the site, with the new owners planning to market 92 luxury units to second-home owners from New York, New Jersey, Connecticut and Pennsylvania.
“The rich history of Sullivan County, the proximity to New York City and the emerging growth in the area inspired our interest in this new project,” said Charles Brodsky, managing partner and general manager for the development company. “Furthermore, we are happy to provide employment opportunities, both during construction and after the Sullivan Regency opens for occupancy.”
The building is seven stories high, making it the tallest in Monticello and in Sullivan County, at least for now. The amenities include full-time doorman and building security, indoor/outdoor pool, granite countertops, vaulted ceilings and balconies. One-, two- and three-bedroom condominiums will be offered, with a one bedroom listed at $129,000.
The website for the complex, sullivanregency.com, says there will be an open house for the building on June 26, 2014, but the marketing and sale of the units is underway now.
Brodsky served the same role in a similar luxury high-rise development in the Village of Lawrence in Long Island’s Five Towns area.
A press release for the project says, “The location for the Sullivan Regency was selected because of the vibrant community, the emerging real estate market, the close proximity to New York City, and because it is only minutes from the Monticello Motor Club, The Chapin Estate and the Bethel Woods Center for the Arts. The principals believe that the Sullivan Regency will inspire continued residential and infrastructure development in the community.”
The development is also close to the proposed casino that will likely be located at the site of the former Concord Hotel, a couple of miles away.