Penthouse Sale Breaks Two Records

Earlier this month, a contract was signed marking the sale of the Leete penthouse at the Residences at 66 High Street. 

 

It was a sale that broke two records in New Haven County. 

 

The penthouse is the only condominium unit to sell above $3 Million in New Haven County – and the second-highest also belongs to 66 High Street. They are the only two condominium units to sell above $2 Million to date. 

 

In addition, the penthouse also broke 66 High Street’s previous record for the highest price per square foot in New Haven County, at over $912 per square foot. 

 

All units within our award-winning development are unique. With attention to detail, finishing touches by residents, and differing layouts, the residences offer unparalleled luxury and craftsmanship. The 4,000 square foot penthouse encompasses the top floor of the Leete building and boasts panoramic views of Long Island Sound. 

 

“These are luxury residences in the best location with the best amenities. There’s nothing in the state of Connecticut like 66 High Street.”

– Kenny Horton, Founder and Partner of the Horton Group.

 

For us, this doesn’t just mark another sale. As we get ready to welcome another member to the development, it represents Horton Group’s vision and commitment to quality construction, exceptional luxury, and community.

 

Interested in the Residences at 66 High Street? There are currently four units left in the Leete Building, all available for immediate closing. Contact us for more information. 

Builder Confidence Increased in July 2020

News about low inventory and historic low mortgage rates has been garnering a lot of attention in the housing market. While real estate agents have been noticing a recovery in the market for the past couple of months, the latest NAHB/Wells Fargo Housing Market Index (HMI) is also showing an increase in builder confidence. 

 

July 2020 Builder Confidence

 

In July, builder confidence in the market for new single-family homes jumped to 72 points, up from 58 points in June. This is a significant increase from April, when builder confidence plummeted to a low of 30 points, the lowest level since 2012.

 

The HMI is a monthly survey that has been conducted for 30 years. It gathers information about builder perceptions and buyer traffic for single-family homes. Anything above 50 points indicates a positive outlook for the market, and below 50 indicates a negative outlook. 

 

The Appeal of New Construction

 

Buyers are actively searching for homes. With low inventory and the desire for a floorplan to meet needs created by the pandemic (like home offices and outdoor living spaces), builders are seeing more interest from prospective buyers. 

 

“Builders are seeing strong traffic and lots of interest in new construction as existing home inventory remains lean,” said NAHB Chairman Chuck Fowke.  “Moreover, builders in the Northeast and the Midwest are benefiting from demand that was sidelined during lockdowns in the spring. Low interest rates are also fueling demand, and we expect housing to lead an overall economic recovery.”

 

Low mortgage rates aren’t just for existing homes, they extend to new construction. If you are a prospective buyer who isn’t haven’t luck with current inventory, consider building new or looking at new developments.

4 Benefits to Nest Thermostats

Smart and green.

More and more aspects of the home are becoming advanced. Smart appliances coupled with sustainable products allow homeowners to increase efficiency, decrease energy usage, and save money. 

Thermostats and heating systems are a major player in the home’s energy usage and costs. Nest Thermostats take the guesswork out of saving energy, making it the first thermostat to become ENERGY STAR certified by the Environmental Protection Agency. Here’s why we decided to install Nest Thermostats in all the units at the Residences at 66 High Street

No Programming Required

Programmable thermostats help you become more efficient with energy and save money. The problem is they can be complicated to figure out, and only allow for 2-3 changes throughout the day.

Nest Thermostats learn your schedule, your preferences, changes in the season, and even your home’s heating and cooling system. After a few days, the thermostat knows when to turn the temperature up or down. Once it learns your preferences, you don’t have to make any adjustments. The best part? You start seeing your monetary savings right away. 

Control from Anywhere

Let’s say you are off of your typical schedule – you are working late, or are getting home earlier than expected. You have the ability to control the temperature from your phone. This ensures energy savings when the house is empty and comfortable temperatures when you arrive home. 

Proven to Save Energy

Heating and cooling a house account for nearly 50% of all energy usage. Studies have shown that Nest Thermostats saves homeowners 10%-12% on heating and 15% on cooling. In addition, an Eco Temperature setting takes over when Nest Thermostat senses you are away for an extended time. This helps save even more, without the hassle of changing the programming. 

Nest Leaf 

The Nest Leaf collects and analyzes data from your home. Based on that data, Nest offers ways for you to save even more energy. A Green Leaf that appears on the thermostat is your signal – simply press it to learn about ways you can save. 

This type of technology is the future of the Smart Home: saving energy and money, without the need to program. 

Do you have a Nest Thermostat? Tell us about your experience with it!

 

2019 HOBI Awards

Last week, we attended the 2019 HOBI Awards. We are proud to announce we left with two new awards for the Residences at 66 High Street

Best Luxury Condominium Community

and

Best Luxury Condominium 

The HOBI’s, or Home Building Industry Awards, are prestigious awards given by the Home Builders & Remodelers Association of Connecticut. For 25 years, awards have been given to builders, developers, architects, and construction companies for outstanding work.

This is our fourth consecutive year taking part in the HOBI awards. Each year, we look forward to the awards ceremony, where we connect with other industry members, learn about projects in the state, and celebrate the hard work of everyone on our team. 

Additional HOBI Awards given to The Horton Group include:

2018 HOBI Awards:

  • Best Condominium Community 
  • Best Condominium Unit
  • Outstanding New Haven County New Commerical for 350 Goose Lane
  • Outstanding Vacation Remodel for 21 Palms, Marathon, FL

2017 HOBI Awards:

  • Best Luxury Condominium Community
  • Outstanding Luxury Condominium
  • Best Luxury Townhouse

2016 HOBI Awards:

  • 2016 Project of the Year
  • Best Condominium Community
  • Best Luxury Condominium Unit
  • Best Historic Rehab Overall

As we reflect on 2019, we want to say thank you to all who support our work. Keep following along, because exciting things are coming in 2020!

What is daylighting?

“Look at those windows!”

It’s a line people often say when in front of wall-to-wall or floor-to-ceiling windows. When paired with a spectacular view, like at the Residences at 66 High Street, it’s no surprise that people love grand windows. Large windows have more benefits than highlighting beautiful views, however. Continue reading to learn what daylighting can do for your home or office.

When builders use windows and skylights to light up a home or building, it is called daylighting. This process requires careful planning, but when done correctly, it has benefits for both residential and commercial properties. 

How does daylighting work?

For daylighting to work to its full potential, window placement is critical. The correct placement allows the right amount of natural light to enter each room, without excess heat or glare. 

In the United States, windows facing South and North are best. Windows facing South let in ample light during the winter months, and little direct sun in summer, when too much direct sunlight creates too much heat. North facing windows let in an even amount of natural light with little glare. 

East and West facing windows are not ideal for daylighting. East and West facing windows let in plenty of light in the morning and afternoon, but along with that comes glare and excess heat, which is especially cumbersome in summer months. 

Enlarged windows, glass doors, and strategically placed skylights optimize natural lighting from the sun.

Window Technology

With the advancement of window technology, daylighting is becoming more common. 

In the past, a wall of windows meant drafty winters and stuffy summers indoors. Now, windows are insulated, which helps to keep interiors cool in summer and warm in winter while providing loads of natural light. 

Tinted windows can be used to help reduce the glare from the sun. Electrochromic windows, or smart windows, go one step further, changing the darkness of the tint with the brightness of sunlight. Electrochromic windows have a variety of control options, which include an automated system or user control. 

Benefits of Daylighting

In buildings and homes with daylighting, windows and skylights provide most of the light you need, so overhead lights are not often necessary during the day. A light-colored ceiling enhances daylighting even more. 

When electricity is not being used for lighting, utility costs go down. In commercial buildings, where lighting accounts for a significant portion of electrical energy consumption, daylighting saves both energy and money. 

In addition, daylighting creates a more comfortable atmosphere both at home and at work. Sunlight boosts positive moods and increases productivity. This is particularly helpful throughout the winter, when shorter days means people have fewer chances to be outside during daylight hours. 

Daylighting fulfills the needs of some of the top needs in residential and commercial buildings: sustainability and employee health. Where would daylighting benefit you most?

How does the Horton Group eliminate noise in a multi-unit building?

Noise.

It can interrupt your workflow or wake you up from a deep sleep. Unnecessary noise can range from distracting to infuriating, and isn’t something you should deal with in the places you spend the most time in.

With all of our multi-unit buildings, whether a residential luxury condominium community or an office park, we concentrate on eliminating noise.

When you go into an old building, one of the things you may notice right away is the noise of footsteps from the floor above you or overhearing a conversation from a unit over. In the past, buildings were not always soundproofed because there weren’t solutions that were budget-friendly and effective. With today’s materials, soundproofing can be attained in any building. Below are some of the solutions to combat noise travel.

Walls

“Paper-thin” walls are no longer acceptable in buildings. To reduce noise from room to room, soundproofing the walls is an important step. It can be challenging to identify where noise is coming from, as sound travels the path of least resistance. When building, the entire space needs to be taken into consideration, including windows, vents, and doors.

Materials that are dense and resilient are best for blocking sound. For walls, this can be achieved with noise-reducing drywall, double walls (this is perfect for office spaces), and dense insulation.

Flooring

Flooring is another factor in eliminating unwanted noise from neighbors. Just like walls, layering up noise reducing products is most effective.

While carpet with padding underneath is one option for creating dense layers, most people prefer hardwood and tile in their homes. The Residences at 66 High Street were built with materials that make you forget about your upstairs neighbors. We start with a layer of Homasote soundproof board, which is made of 98% recycled materials. The next layer is AdvanTech plywood, followed by engineered hardwood flooring. These three layers help to eliminate noise while combining strength and moisture resistance.

If moving into a new building or searching for office space, ask what has been done to reduce noise. This will save you many headaches in the future.

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