M West Holdings, LLC Announces Partnership With Stewart Senter to Build Hidden Pond at Old Westbury

OLD WESTBURY, N.Y., Oct. 7, 2011 /PRNewswire/ -- M West Holdings, LLC announced today it has begun a strategic partnership with Stewart Senter, Inc. to build Hidden Pond at Old Westbury, a 40 acre Long Island residential development that will be the new crown jewel of Long Island's Gold Coast. This luxury development is the latest exclusive collection of prime properties offered by Long Island's most reputable builder of luxury estates, Stewart Senter, Inc. and property owner M West.

"We are trying to create something very special here," says Karl Slovin president of M West. "The beauty of the land will be preserved while creating simple, easy to build lots for those who want to see their own vision realized in a wooded, gated community, an easy drive from Manhattan." According to Slovin, "Special care is being paid to the preservation of the natural environment; the sheer number of specimen trees on the grounds requires great care and an expert hand. We are very excited to be working with an established developer like Stewart Senter to preserve the environment and create something that is stunning and unique."

Located in the heart of Old Westbury, one of Long Island's most sought after neighborhoods, this is a unique subdivision which has been fully approved for 16 lots, varying in size from 2 to 6.5 acres for residential development. Old Westbury is known for its old style charm, magnificent estates and desirable amenities including excellent country clubs, restaurants and shops. The opportunity to build a custom home in Old Westbury is ideally suited for a private owner seeking an exclusive gated community in the Jericho school district, one of the finest in New York.

A mere 22 miles from Manhattan, the property features a private access road with a picturesque pond at the entrance in an area with extensive riding trails and preserves. The subdivision evokes a tranquil and secluded feel and has been carefully planned to retain the natural features, whilst maximizing potential development.

According to the builder Mr. Senter: "This magnificent development offers one the opportunity to select a prime building site and work directly with some of Long Island's top architects. You can then create your one-of-a-kind residence. This unique opportunity affords you the chance to create a residence commensurate with your lifestyle."

Hidden Pond at Old Westbury was once the equestrian estate of one of the North Shore's most esteemed families, the von Stades. Francis "Skidy" von Stade, an avid horseman, champion polo player, and for many years, mayor of Old Westbury, built the main house in the early 1900's and the family owned the property for about 70 years. The Entenmann family of cookie and cake fame, purchased the property in the 1980's and the house and grounds were used exclusively as the family's private horse riding camp. M West Holdings is the current owner of the property.

The recently approved development comprises a sixteen lot, fee simple, single-family residential realty subdivision. The proposed lots, all a minimum of two acres, will be accessed via a gated private roadway to be connected to Store Hill Road at a location immediately opposite to Powell's Lane. The newly created intersection will be signalized to allow for the efficient flow of traffic in an easterly and westerly direction when entering and exiting the site. The roadways, drainage system and landscaped areas are to be owned and maintained by a Homeowners Association . The site will be served by public water and individual sanitary treatment systems. The lots have been arranged in a manner so as to maximize separation from the Long Island Expressway.

One of Long Island's premier communities, the village of Old Westbury, is among the more exclusive communities in the country, says Michael Berman, president and broker of Automatic Real Estate Associates in East Hills. Last September, Old Westbury ranked 11th on the Forbes list of "America's Most Expensive ZIP Codes." Also in the area, on Hillside Avenue, a 21-acre horse farm listed for $17.75 million according to Berman. The village's ambience is that of winding scenic roads where homes and estates on sprawling properties are hidden behind gates and foliage. "It's renowned for its horse country," says Mr. Berman, noting that "bridle paths run throughout the village."

"The Long Island Expressway and the Northern State Parkway are minutes away," says Berman, noting that "New York City as well as the upscale shops along Miracle Mile in Manhasset are easily accessible. The location and conveniences are a tremendous draw." Many older estates date from the 1880s to the 1920s, while a number of Colonials, ranches and Contemporaries were built in the 1970s and '80s.

M West Holdings, LLC is a fully integrated investment and management firm that owns and manages real estate in New York City, California, Texas and Florida. Founded in New York City in 1991 by father and son team, Bruce and Karl Slovin, the firm's portfolio includes office, MOB, industrial, multi-family, retail and other properties nationwide. Information regarding M West can be found online at www.mwestholdings.com.

SOURCE M West Holdings, LLC