Wondering about the pricetag for the homes on steroids being built at the old Marlboro Inn site? Seems an even million a piece isn’t quite enough for these mega-luxury estates (they look so much smaller in these artist renderings) expected to sell like hot cakes (or so goes the buzz machine). From the Star Ledger…
Out at the construction trailer for the 10-house division called “Hempstead at Montclair,” Greg Paoli, the job supervisor for American Properties Realty Inc. of Iselin, wasn’t sounding apologetic. “Good buzz. Good buzz on the street,” he said of the 5,000-square-foot estates, all 10 of them priced at $1.7 million a pop for five bedrooms, the attic ones having 10-foot ceilings. Elevators optional.
Sales are to begin in mid-March. “No one in the company feels we’re going to be here long after that,” he said.
All the buzz isn’t good of course. Folks on the Montclair Watercooler have dubbed the development, the Marlboro Monstrosities (well, it is more alliterative than Hempstead at Montclair…). Meanwhile, Read talks to the owners of the mega home being built at Watchung and Upper Mountain Aves, first documented here. Now, there’s a definitive answer to just how big it will get…
The 12,000-square-foot house rising on the western edge of Watchung Avenue was approved before the 2 1/2-story limit took effect in August.
The one-time sprawling ranch was purchased by Melih Adbulhayoglu, CEO of an Internet security firm, and his wife, Lesley, who laid down $849,000 for the property in 2004 and went to work. “We’re trying to make it fit in,” he said.
The greatly expanded home is to include six bathrooms and two fireplaces, a sharp contrast to the small cottages of his native England, he said. “So we could enjoy the space that you guys have here.”
And then there’s the bar with a view of Manhattan. “Being from Britain, we like our pubs,” said Adbulhayoglu, who is of Turkish descent but hails from Manchester. “We fell in love with it (Montclair) because it had this English feeling to it.”