Matthews Hospitality Announces Point Breeze on Nantucket
Opening Summer 2008
NANTUCKET, MA, May 24, 2007. Matthews Hospitality Group, LLC has announced plans for Point Breeze, an historic landmark in Nantucket Town being transformed into a private club and prestigious condominium enclave offering an unparalleled mix of services and amenities. Point Breeze will be developed in two phases. With final approvals for Phase One in place, this highly-anticipated restoration project is officially underway. Phase One will open in Summer 2008, with Phase Two scheduled for 2009 completion. The entire project represents a $100 million investment. Model residences and an on-site sales office will be open daily from 9:00 a.m. to 5:00 p.m. beginning June 1.
"On an island where private clubs enjoy considerable cachet and the demand for private homes far exceeds the supply, Point Breeze is destined to become Nantucket's most celebrated address, offering an experience beyond compare with its pampering ambience and convenient in-town location," said Robert V. Matthews, nationally recognized real estate developer and principal of Matthews Hospitality Group. "For the select few, this will be a rare opportunity to enjoy the island's ultimate luxury retreat," noted Matthews, a Nantucket resident since 1986.
An exclusive island destination known for its pristine beaches, rich maritime history, designer shops and wealth of recreation, Nantucket is located 30 miles off the coast of Massachusetts. Point Breeze will be conveniently located at 77 Easton Street, just steps away from the cobblestone streets of picturesque Nantucket Town.
Designed for those who live on Nantucket or are perennial visitors, the Club at Point Breeze will welcome members with a destination spa, fully equipped fitness center, world-class restaurant, cabaret, outdoor swimming pool, tennis courts, screening room, cigar room and wine tasting room. A nature walk and meditation garden will be located within the compound's beautifully manicured grounds, providing a serene retreat from the hustle and bustle of everyday life.
The premier 32 residences at Point Breeze will entice those who seek a permanent home or pied `a terre on the island. The quintessential Nantucket shingle-style, one and two bedroom condominium units, including six cottages, will offer a variety of floor plans and be enhanced with designer appliances and high end finishes. In addition to carefree living, residents at Point Breeze will enjoy complimentary club membership. Residence prices will start at $1 million (USD).
An ample underground parking facility will ensure that club members and homeowners enjoy easy access to all Nantucket Town has to offer. Plans for Phase Two to include additional residences are in the permitting process and will be announced in coming months.
Philip Gorrivan Design, a leading New York City firm, has been tapped to create the tailored, modern interiors with a nod to Nantucket's past that will distinguish the clubhouse and model residences. The firm was recently named as one of "America's Top 25 New Designers" by House Beautiful.
Point Breeze's architect is J.K. Roller of Philadelphia, Pa. Echelon Engineering and Construction of Palm Beach, a wholly owned subsidiary of Matthews Ventures Holdings, LLC, Matthews' diversified holding company, will serve as general contractor. Echelon Construction's impressive portfolio of hospitality work includes the River Bend Marine Center, Fort Lauderdale, Fla., and Point Breeze's sister property, The Palm House, on Palm Beach Island, Fla.
Matthews Hospitality Group, LLC was formed to create a unique collection of ultra-elite properties for those who appreciate the very best. By targeting one-of-a-kind properties in the most sought after locations for acquisition and development, Matthews Hospitality Group positions itself to become a trendsetter within the luxury hospitality market. The company plans to acquire properties in Aspen, Colo., Stowe, Vt., and the Bahamas within the next three years.
Point Breeze will join The Palm House as one of two flagship properties owned and operated by the Matthews Hospitality Group. Designed as an intimately-scaled, five-star condominium hotel, The Palm House will comprise 79 studios and suites, two distinctive venues for dining and cocktails, flexible meeting space, full service spa and salon, fitness center and lushly landscaped pool. The Palm House will open in early 2008.
Point Breeze will be located at 77 Easton Street, Nantucket Town, Nantucket, Mass. On-site sales office and furnished residences are now open. For more information about Point Breeze, visit www.pointbreeze.com or call toll-free (800) 930-5893.
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