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Going Down (Finally): 1 Red Coat Road

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The house at 1 Red Coat Road, near Merritt Parkway Exit 41, came down today. The colonial-style, 1900-home is located on a one-acre property and changed hands in March 2007 for $585,000. A demolition permit had been applied for more than four years ago when it was the WestportNow Teardown of the Day on Oct. 18, 2007. However, demolition was delayed, prompting many complaints from neighbors about its deteriorated condition. (CLICK TO ENLARGE) Bob Eckman for WestportNow.com

Tenants Set for Historic 15 Powers Court

By James Lomuscio

Built in 1835 as a residence for Westport slaughterhouse workers, the preserved structure at 15 Powers Court will soon house a behavior therapy group, principals of SIR Development LLC have announced.

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Robert Haroun (l) and Kevin Holtzman outside 15 Powers Court adjacent to the Westport Country Playhouse (CLICK TO ENLARGE) Contributed photo

The Dialectical & Cognitive Behavior Therapy Center has leased the building’s 2,500 square feet, as it plans to relocate from its 29 Imperial Ave. location.

“We are looking forward to moving into our new, custom-built offices in a central location,” Kevin Holtzman, a psychologist and founder of the therapy group, said about the move.

The building is located near the Westport Country Playhouse at 25 Powers Court. All of the property was originally part of a slaughterhouse used for a New York City leather manufacturer in the hat trade, according to the Westport Historical Society (WHS).

Real Estate Report: Unpleasant Surprise for Public

By Judy Szablak

The latest Case-Shiller Report out today was clear in revealing what most industry experts already know, but the general public may be in for an unpleasant surprise.

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This home on 4 Ledgemoor Lane is listed at $2,395,000. (CLICK TO ENLARGE) Photo courtesy of the Higgins Group Real Estate/Westport.

After a much publicized rise in new home starts by various reporting agencies, many people thought that the positive news might be a signal for a much needed change in the market.

However, today’s report shows that the New York MSA fell 1.1 percent in November, and is down 2.3 percent from the same time last year, and the 10-city composite is now just about 1.0 percent above its low from April 2009.

Chairman of the Index Committee at the S&P Indices, David Blitzer said, “Despite continued low interest rates and better real GDP growth in the fourth quarter, home prices continue to fall.

Westport Property Transfers Jan. 9 – 13, 2011

Westport property transfers as reported by the Town Clerk’s office for the period Jan. 9 - 13, 2012:

Mohamed Wael A Hashad to Gurpreet and Mansi Singh, 105A Old Road, $1,480,000WN property.jpg

Maureen Dewan to Selden Family Trust of 1997, 5 Terra Nova Circle, $870,000

William J. and Mary B. Heery to Gareth H. and Dongnghi T. Kirwan, 26 Hogan Trail, $825,000

Angelo Veno to Nicole Phillips and Chris Neil, 9 Indian Hill Road, $435,000

Going Down: 26 Buena Vista Drive

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The house at Westport’s 26 Buena Vista Drive, in the Compo Beach area, was demolished today. Built in 1954, the 1-3/4 story cape had 2,587 square feet and was situated on a .19-acre property. A fire in the early morning of Sept. 4, 2011 severely damaged the house. It was the WestportNow Teardown of the Day on Nov. 15, 2011. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Westport Property Transfers Jan. 2 – 6, 2011

Westport property transfers as reported by the Town Clerk’s office for the period Jan. 2 - 6, 2012:

David Wilk / Richard Wilk / Mary F. Begaye to Deborah M. Reif, 29 Surf Road, $1,087,500 (War. Deed)WN property.jpg

David Wilk / Richard Wilk / Mary F. Begaye to Deborah M. Reif, 29 Surf Road, $1,087,500 (Exec. Deed)

Thomas P. Kolkoski to Injae and Maureen Choe, 3 Jackie Lane, $620,000

Marilyn T. Beardsley Est. to Gregory G. Moore and Elizabeth A. Silver, 22 Stoneboat Road, $750,000

Comings and Goings: Luxe Wine Bar Opening Saturday

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A wine bar, Luxe Modern Wine & Cocktails, opens at 190 Main St., across from TD BankNorth, on Saturday, according to owner Robert Reilly of Redding. He said that the café will carry 40 wines that can be purchased by the glass, seven or eight seasonal cocktails, and a selection of 15 cheeses and cured meats. In addition to a bar, tended by the owner’s nephew Will Secchi (photo) of Fairfield, there are indoor tables with plans for outdoor tables next spring, he said. Reilly, a former IT director at Fresh Direct in New York, said the hours this opening weekend are Saturday 4 p.m. to 2 a.m. and Sunday 4 p.m. to 11 p.m.  The new cafe is located in the space formerly occupied by Fay Kim Designs that relocated to the nearby space that formerly housed Coco Michelle which closed in August 2010 and relocated to Railroad Place. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Comings and Goings: Whelk Opening in Saugatuck

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Whelk, the newest addition to the burgeoning restaurant scene in Westport’s Saugatuck section, opens the weekend of Jan. 27, according to co-owner Massimo Tullio (r). His partner is Bill Taibe, owner of the popular LeFarm Restaurant in Colonial Square. Tullio, who describes the restaurant fare as “sophisticated casual dining,” said it will offer seafood selections with “smaller plates than LeFarm portions and have the feel of southern France.”  He said the 1,200 square feet restaurant (not including its 600-square foot kitchen) will accept reservations for its bench tables along the window side next to Riverside Avenue.  “We differ from LeFarm in that we specialize in seafood and have a bar,” he said. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com