Cummings Posillico Group and RCG to complete 244-unit condominium project for $275 million
July 14, 2008 - Long Island
The region's leading commercial landlord has partnered with a top developer of luxury residencies and mixed - use urban communities to form a new $2.8 billion development powerhouse. One of their high-end residential communities, in North Hills will feature 244 Ritz Carlton five star condominium residences with a clubhouse, restaurant, lounge, spa, fitness center and pool on 17 acres of land.
Bob Posillico, principal of Cummings Posillico Group Construction discusses the project further: "The project consists of 730,000 s/f of new luxury residential structures and 300,000 s/f of subterranean parking."
North Hills is a joint venture of Cummings Posillico Group and RCG; Rex Midtown contracted the two construction management firms. The Ritz Carlton Residences at North Hills will be the most luxurious condo complex ever built on Long Island, when the total project is completed it will have cost $275 million.