Kensett, Darien's First New Home Community in a Generation, Celebrates Its Grand Opening

Kensett will open with eight homes available for delivery in early 2013. End Quote

Stamford-Norwalk, CT (1888PressRelease) October 11, 2012 - Kensett, the first new home community in Darien (CT) in a generation, recently celebrated its Grand Opening. A ribbon cutting ceremony included local dignitaries, State Representative Terrie Wood, Senator Bob Duff, First Selectman Jayme Stevenson and Selectman John Lundeen, among others. The event was hosted by Developers Bob Dale, Bill McGuinness and Clarion Partners, as well as executives from First County Bank, the construction lender on the project. More than 150 guests attended the event, including prospective homebuyers who were able to tour two model residences, The Piper House and The Norwood House. The model homes were decorated by one of the nation's top interior design firms, Lynn Morgan Design of Rowayton and New York City.

Kensett, which is planned for 62 residences, will open with eight homes available for delivery in early 2013.

"We truly cherish the opportunity to create a new neighborhood in Darien, which is widely recognized as one of the premier communities in metropolitan New York," said Bob Dale. "Our goal is to craft homes with all the modern conveniences in a style that is appropriate for Darien."

Kensett offers three- and four-bedroom homes ranging from 3,200 to over 4,400 square-feet, and priced from $1.3 to over $1.6 million. Each home is designed in a traditional New England style with dramatic rooflines, brick chimneys and other elegant and timeless details. The homes are set within nearly 16 acres of heavily landscaped grounds which will include walking trails and a conservation preserve.

"Kensett offers thoughtfully-designed New England-cottage style homes coupled with a spectacular amenity package unmatched in the area," said Bill McGuinness one of the developers of the project. "Prospective buyers have a variety of floor plan options and the ability to truly customize their homes."

Construction of the residences is state-of-the-art and energy efficient. Every home features custom quality finishes, including hardwood flooring throughout the main living areas, gas fireplaces with hand-crafted mantels, recessed lighting and generous closet and storage spaces. Gourmet kitchens include granite countertops, a full range of hardwood cabinetry and GE Monogram® appliances. All homes feature master baths with tempered glass showers, double-sink vanities, marble or ceramic floor tile, and Kohler fixtures. Select homes include a spa tub with marble deck. Buyers may choose from a wide variety of designer packages, including all flooring, cabinetry, plumbing fixtures, window coverings, flooring, countertops, and appliances. Each home has its own private outdoor space and includes an attached two-car garage.

The iconic-designed Meeting House is a dramatic 4,000-square-foot community clubhouse with a resort-style swimming pool, hot tub and outdoor fire pit. The well-appointed clubroom offers a catering kitchen, flat-screen television, oversized fireplace and luxurious furnishings. Also in the Meeting House is a fitness center equipped with aerobic machines, free weights, flat-screen televisions and a yoga studio with hardwood floors, mirrored walls and ballet bar.

"Kensett and the work of its development team are great examples of how the real estate market in lower Fairfield County is coming back to life in a big way," said Rey Giallongo, chairman and CEO of First County Bank. "We were very impressed with the business plan and financial strength behind the project. Several of our clients are involved in new home construction in and around Darien, and we are very proud to be involved in these efforts."

Kensett is just minutes from the Merrit Parkway, I-95 as well as the Darien, Noroton Heights and Talmadge Hill Metro-North train stations, offering a 50-minute commute to Manhattan. Kensett is also a short drive to the charming downtown area of Darien, which provides plentiful dining, shopping and cultural offerings, as well as to the town beaches and numerous parks.

The on-site sales office at Kensett Darien is located at 1 Kensett Lane in Darien, CT. For more information or to schedule a visit and tour the fully decorated model homes, please call 203-957-3388 or visit www.kensettdarien.com .

Kensett Darien is a venture of Buckingham Partners and Clarion Partners.

About Clarion Partners
Clarion Partners has been a leading U.S. real estate investment manager for 30 years. Headquartered in New York, the firm has offices in major markets throughout the U.S. as well as a presence in Brazil, Mexico and London. With more than $25 billion in total assets under management, for over 200 institutional investors both domestic and international, Clarion Partners offers a broad range of real estate strategies across the risk/return spectrum. More information about the firm is available at www.clarionpartners.com.

About Buckingham Partners
Buckingham Partners is a real estate development firm founded by Bob Dale in 1998 for the purpose of developing residential communities in the Northeast. Since its inception, Buckingham Partners has developed more than 2,000 residential units in 5 states from Pennsylvania to Rhode Island, including MerrittPark in Dutchess County, N.Y. and Riverview Landing in Valley Forge, PA. Buckingham Partners is based in Haddonfield, N.J.

About Sun Homes
Sun Homes is a design/build firm in the truest sense of the phrase. A highly product-driven organization, its involvement typically extends from land acquisition through sales and warranty. Sun Homes most recently completed The Willows at Crestwood (Tuckahoe, NY). Sun Homes is unique not only in its attention to design details, but that the company also serves as general contractor to ensure that the finished home fulfills its initial promise. A close eye is kept on new technologies and consumer preferences, but with careful adherence to classic principles of residential design and community planning. Sun Homes prides itself in achieving a proper balance between progressive design and the enduring values of good taste and solid construction. For more information visit www.SunHomes.com

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