The Independent – “This is not your grandfather’s “rest home.”
Peconic Landing, the continuing care retirement community about half a mile from Greenport village, is pretty ritzy as retirement communities go. It has views of the Long Island Sound, and its own private beach. It runs offerings from the Metropolitan Opera and the Bolshoi Ballet in its state-of-the-art theater, or residents and guests can wander through the rose and sculpture gardens, or attend lectures and classes from well-known artists and writers, along with live performances.
There are different levels of equity buy-ins at Peconic Landing, but the latest, opened in May, is the Patio Homes, which are less grand than the three-bedroom homes on the waterfront part of the property, but still offer a bit more privacy and hominess than the apartments which are part of the main building. It is, as the press release suggests, “cottage lifestyle at apartment pricing.”
And indeed, one of the floor-plans online, tagged the “Sag Harbor,” comes in at just under $500,000. (There are associated maintenance costs, of course.) Plus, to buy in, you need to be “62 or better” as the Landing’s literature says.
The Patio Home concept was derived from focus groups with prospective members who were looking to downsize, but still wanted the feeling of being in a freestanding home. In order to accommodate this request, Peconic Landing began remodeling some freestanding cottages into two separate and distinct residences.
The Patio Homes are geared for the consumer who is seeking less expensive retirement living options on the North Fork. The open floor plans come in at just under 1000 square feet, with one bedroom and one and a half baths. Like all of the Peconic Landing residence, the Patio Homes provide independence with the support of additional care options if ever needed. There are currently four different styles to choose from.
As of now, one cottage is finished, which contains two separate Patio Homes. If approved by the town, Peconic Landing is looking forward to four converted cottages, providing a total of eight Patio Homes.
“The Peconic Landing team is thrilled to officially announce our newest residential option, the Patio Homes. The Patio Homes are the perfect choice for those looking to downsize, but not interested in apartment living,” said Robert Syron, president and CEO of Peconic Landing. “We believe the Patio Homes will be particularly attractive to snowbirds.”
“We are excited for the launch of the Patio Homes,” added Laurelle Cassone, director of sales and marketing. “After working with prospective members and learning firsthand what their preferences are, it’s rewarding to now provide options for those who want cottage living at a more affordable price point.”