Village Lofts, Nassau County's First Modular Rental Development, To Launch In October

Douglas Elliman Exclusively Handles Leasing and Marketing

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Sep 25, 2013, 11:32 ET

HEMPSTEAD, N.Y., Sept. 25, 2013 /PRNewswire/ -- Village Lofts, the first multifamily modular rental residential project in Nassau County, Long Island, is slated to open in early October. Developed by La Cite Development LLC, the 29-unit complex is located at 479 Front Street in Hempstead, Nassau County, and offers both market-rate and workforce housing options with modern amenities and a luxurious feel. The complex is comprised of one and two-bedroom units, including two duplex apartments. Market rate one-bedrooms start at $1,400; two-bedrooms start at $2,550. Douglas Elliman's Maria Boafo, Matthew Korman, and Orlando Frade have been tapped as the exclusive leasing and marketing agents for the project.

The gated community boasts spacious, modern floor plans with wide plank maple wood floors, 9'6" high ceilings, over-sized hi-tech windows, GE Energy Star appliances including washer, dryer, and dishwasher as well as open kitchens with ample counter space and solid hardwood cabinets. The bathrooms offer custom tile work and a sleek, contemporary feel. Each unit also comes with one free parking space.

Residents can enter the grounds through security-coded gated access and enjoy a landscaped exterior courtyard. The complex is cable/internet ready and features a modern lobby complete with an elevator, common room, media screening room, and on-site storage facilities. Village Lofts was constructed using a unique modular housing product by Clayton Homes.

"Village Lofts is luxurious living at affordable prices. The project will have an extremely positive impact on the local economy, and the residents of this community," said Dan Bythewood, President of La Cite Development LLC.

Douglas Elliman reports that the building has already commanded overwhelming interest. "There is no other residential project in this area that combines such style and attention to detail with affordable price points. We anticipate the units will rent out very quickly," said Ms. Boafo, Mr. Korman, and Mr. Frade.

The Village of Hempstead is approximately 45 minutes outside of Manhattan, and is easily accessed by public transit (Long Island Railroad) as well as by car. Village Lofts is conveniently located close to I-495, Sunrise Highway, and Southern State Parkway.

For more information on Village Lofts, please visit www.elliman.com or call 516-354-6500.

About Douglas Elliman Real Estate

Douglas Elliman Real Estate is New York's largest residential brokerage, with over 70 offices in New York City, Long Island, the Hamptons, Westchester/Putnam, and South Florida and more than 4,000 real estate agents and a network of national and international affiliates. They are strategic partners with London-based Knight Frank LLP for residential business in all of their New York markets. Douglas Elliman ranked in the top four of all real estate companies in the nation in 2007, 2008, 2009, 2010, 2011, and 2012. The company also controls a portfolio of real estate and homeowner services, including Manhattan's largest residential property manager, Douglas Elliman Property Management, as well as DE Title and DE Capital Mortgage. For more information on Douglas Elliman as well as expert commentary on emerging trends in the real estate industry, visit the Douglas Elliman site at www.elliman.com.

About La Cite LLC

La Cite Development, LLC, is a real estate development corporation investing in strategic real estate ventures throughout the eastern seaboard, as well as specific markets elsewhere in the United States and abroad. The predominant focus of La Cite's interests is on residential and mixed-use properties spanning rehab and new construction, with investment primarily being placed within the residential marketplace.

La Cite Development is involved in both the renovation and ground-up construction of quality, workforce housing along the Eastern seaboard including New York and Baltimore. La Cite's corporate philosophy embraces investment in neighborhoods and communities that have been largely overlooked or neglected, and promotes development projects that contain affordable housing components in neighborhoods with an identified need for revitalization and the creation of modern housing stock and progressive infrastructure. For more information visit www.lacitedevelopment.com.

SOURCE Douglas Elliman