New Owners Give New Life to Falmouth Community
Wednesday, September 9th, 2009For Immediate Release
Contact:
Mike Payson
Ridgewood Associates
207-939-4478
mike@RidgewoodFalmouth.com
www.RidgewoodFalmouth.com
New Owners Give New Life to Falmouth Community
Falmouth, ME, September 9, 2009 — The former Ridgewood Estates development, located off of Falmouth Road in Falmouth, has been acquired and revitalized by Ridgewood Associates to create a community and lifestyle that appeal to the interests and demands of the evolving real estate market.
Shortening the name to simply “Ridgewood,” new owners Mike Payson and Jim Wescott, Falmouth natives and brothers-in-law, have reinvigorated the project with new capital and will soon announce their vision for the real estate development, which consists of freestanding single-family homes, organized under a condominium structure to streamline common-area maintenance.
Payson says, “The original plan for the former Ridgewood Estates was a great concept. Jim and I feel strongly, though, that some new ideas will enhance the appeal of the community and make it truly unique in southern Maine.” He adds, “We have the capital to realize our vision, and we’re already off to a very good start.”
The first neighborhood is under construction and will include eleven homes. Three are completed and for sale, with prices starting at $389,000. One home is already under contract. The remaining homes are being built over the next several months.
Port City Architecture designed a selection of five home styles, ranging from 1,800 to 3,600 square feet. Floor plans accommodate a social lifestyle with open kitchen, dining, and living areas that invite natural light. Homes are situated in small clusters with facing front porches that allow for neighborly engagement and back yards that offer privacy and views of fields, woods, and wildlife. SYTDesign planned the site with a focus on maintaining the land’s pastoral beauty while incorporating pedestrian walkways, stonewalls, and ponds.
Homes are offered through Bruce Lewis, Hona Longstaff, and David Banks of RE/MAX By The Bay, Portland, 207-773-2345.
To learn more about Ridgewood, visit www.RidgewoodFalmouth.com
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