News From The World of New Home Construction in Western New York...and Beyond.
Wednesday, May 16, 2012
Marrano Greythorne Model Open 5/19 & 5/20
Former Marrano Greythorne Model will be Open this Saturday and Sunday from 1-5 pm. Priced far below the duplication price PLUS the Seller will pay the HOA fee for 2 years with accepted contract by 5/31/12.
http://www.realtor.com/realestateandhomes-detail/57-Harbridge-Manor_Amherst_NY_14221_M30516-34001
Saturday, April 14, 2012
Marrano/Cimato Relationship Is Prosperous For Both
Pat Marrano and Tony Cimato have known each other for years.
They are among the most prominent homebuilders in the region, with Marrano running Marrano/Marc Equity Corp. and Cimato overseeing Cimato Brothers Construction and Cimato Brothers Development.
Drive around neighborhoods in Amherst, Clarence, Orchard Park, Lancaster and elsewhere, and in all likelihood, a quality home built by Marrano or Cimato is there.
While they run separate companies, what many don’t realize is that the two companies frequently work together.
“It started when we just started buying some (vacant) lots together and it mushroomed from there,” Marrano said.
“It started when we just started buying some (vacant) lots together and it mushroomed from there,” Marrano said.
In the past 25 years, there have been eight Marrano and Cimato subdivisions, which collectively represent nearly $333 million in private investment. They are Deer Springs in Hamburg, Eagle Heights in Orchard Park and Greythorne, The Bromptons, Monarch Oaks and Nottingham Village in Amherst. Also, the fast-emerging Pleasant Meadows in Lancaster along with Summerfield Farms, also in Lancaster.
Usually, Marrano/Marc Equity serves as the homebuilder while Cimato serves as development contractor, putting in roads, utilities and other infrastructure needs.
"We have grown together," Cimato said. "This has been a prosperous business relationship for both of us."
Development partnerships and joint ventures are nothing new. But in the immediate Buffalo Niagara region and residential development circles, the partnership between Marrano/Marc Equity and Cimato serves as a model of how two companies can work together.
"People in our industry really admire their relationship," said Joseph McIvor Jr., executive vice president of the Buffalo Niagara Builders' Association. "Few partnerships have survived as well as that one. It really is one of those great relationships that has withstood the test of time.
"It has made a lot of people jealous," McIvor added.
Pleasant Meadows, located on Pleasantview Road, is one of the latest examples of the partnership.
Once a large tract of vacant land that generated no tax dollars, since 2006 they have developed and closed on 240 residential units that generated $63.5 million in new revenue.
The units run the gamut from single family homes to townhouses and some patio homes.
Marrano and Cimato are currently working on the latest phase, which includes 25 single-family-home lots.
Including Pleasant Meadows, the Marrano/Cimato partnership this year is on pace to develop 170 homes that represent at least $15 million in private investment. The lots are spread among Lancaster, Amherst and Hamburg.
"We are the only two land developers and builders who have the financial wherewithal to develop and complete Pleasant Meadows," Cimato said.
Now that doesn't mean that every project they undertake is goverened by the partnership. Marrano/Marc Equity has its own projects, as does Cimato.
But Marrano estimates that 60 percent of his company's projects are done in conjunction with Cimato. It's about the same for Cimato.
"when Tony's involved, I know I don't have to worry," Marrano said. "His work is quality."
Looking ahead, he said he's cautiously optimistic about the local landscape for homebuilders. Marrano/Marc Equity has projects under way in virtually every major, lcoal town.
Thanks to the unusual weather this winter and early spring, coupled with still low intereest rates and stronger consumer confidence, Marrano said traffic is up at his weekly open houses and models.
"Probably somewhere around 40 percent," he said.
"We're moving along at an intelligent pace," he added.
Last year, Marrano/Marc Equity had 113 closings. The number was below preliminary projections.
Still, it was about one-sixth of all new housing permits issued last year in Erie and Niagara counties.
"We're still feeling the effects of the recession," said John Manns, vice president of Marrano/Marc Equity.
For now, Marrano said his focus will remain on the region's suburban towns.
And while he acknowledges there are solid residential development opportunities in Buffalo, particularly around the Buffalo Niagara Medical Campus, he said that market is being left to others.
"We are comfortable with what we are doing," he said.
Sunday, March 18, 2012
Like New Marrano Model in Greythorne - Now on the Market!
Click here for more details about 57 Harbridge Manor in Luxurious Greythorne by Marrano:
57 Harbridge Manor, Williamsville NY
57 Harbridge Manor, Williamsville NY
Monday, March 12, 2012
Marrano Grand Opens New Phase at Deer Springs in Hamburg
MARRANO GRAND OPENS NEW PHASE AT DEER SPRINGS IN HAMBURG
Even before a shovel is in ground, Marrano has sold six of the 22 lots in the newest phase of its Deer Springs community in Hamburg. “We fully expect every remaining lot to sell this month with road construction in the development nearing completion,” says John Manns, vice president of sales and marketing.
Marrano is encouraging people to visit their three model homes at this weekend’s grand opening event (Mar. 10 and 11). One home design, the new Craftsman Series, offers a stylish yet classic design that fits perfectly in this beautiful setting. The Deer Springs community features winding roads with cul-de-sacs, ponds and treed preservation areas along with a public playground at its center. Deer Springs is located in a quiet part of Hamburg tucked away from the hustle and bustle of the busier areas of the Southtowns. It is conveniently located only 20 minutes from downtown Buffalo and just a short bike ride to the Lake Erie beaches.
“We are offering introductory pricing for Deer Springs this month only,” Manns said. “Our two-story home design starts at an unbelievable $193,300 – you won’t find a better value! Combine that with today’s low interest rates and there has never been a better time to purchase. That’s why we’re confident that this limited number of lots will sell fast.”
Marrano will have three models open for viewing: their brand new Craftsman style model home, open for the first time ever at 2384 Hobblebush. This four-bedroom/2.5-bath home features almost 2,300 square feet of living space including a second floor laundry, two-story foyer and sun room.
The home at 2348 Hobblebush will also be open and features the largest Country Kitchen available in a new Marrano home. It also has four bedrooms/2.5 baths, and a full front porch. The third model home open is located at 2352 Hobblebush includes a 20 foot by 18 foot great room and has three bedrooms/2.5 baths. Many of the model homes are available for immediate delivery with designs and styles to meet multiple tastes.
To visit Deer Springs take Southwestern Blvd. (Route 20) south, go past Amsdell Rd., one mile to Deer Springs (on the right.) More information is available at www.marrano.com or call Steve Converse at 716-608-8056.
Saturday, March 3, 2012
MARRANO ENLISTS IN COUNTY CLERK’S “THANK A VET” PROGRAM
MARRANO ENLISTS IN COUNTY CLERK’S “THANK A VET” PROGRAM
Honorably discharged military veterans living in Erie County are now eligible for new discounts offered by Marrano/Marc Equity, Inc., Western New York’s largest builder of new homes. Marrano has joined the “THANK A VET” Discount Program, an initiative of Erie County Clerk Chris Jacobs.
“The program is a way for our county to recognize the service and sacrifices made by our local veterans,” Jacobs said. “I am pleased that Marrano Homes has joined the ranks of businesses in Erie County who are offering discounts and other value-added services to veterans who are in the program.”
Eligible veterans may apply through the County Clerk’s office for a photo I.D. card, which identifies them as an honorably discharged veteran. Participating businesses and merchants have agreed to honor the card by providing veterans with discounts on purchases or services.
Several options will be available to veterans who purchase a Marrano Home according to John Manns, vice president of sales and marketing for the new homebuilder. “It is an honor for Marrano Homes to take part in the ‘THANK A VET’ program,” Manns said.
Veterans can then choose between a free appliance package, including a Whirlpool microwave, range and refrigerator, or a discount on the installation of universal design features. Universal floor plan features include no-step entry, one-story living, wider doorways and hallways, extra floor space, blocking in bathroom walls allowing for easy installation of handrails and lever door handles. Some restrictions may apply. Details are available from Marrano New Home Sales Representatives.
"We will offer vets free universal design consulting services with a Marrano design expert to redesign one of our floor plans to meet the needs of a disabled veteran,” Manns said.
“The men and women in uniform who have selflessly served this great nation have made tremendous sacrifices to preserve the American way of life” Manns said. “This is a wonderful program that allows us, in a small way, to honor their service.”
Veterans can then choose between a free appliance package, including a Whirlpool microwave, range and refrigerator, or a discount on the installation of universal design features. Universal floor plan features include no-step entry, one-story living, wider doorways and hallways, extra floor space, blocking in bathroom walls allowing for easy installation of handrails and lever door handles. Some restrictions may apply. Details are available from Marrano New Home Sales Representatives.
"We will offer vets free universal design consulting services with a Marrano design expert to redesign one of our floor plans to meet the needs of a disabled veteran,” Manns said.
“The men and women in uniform who have selflessly served this great nation have made tremendous sacrifices to preserve the American way of life” Manns said. “This is a wonderful program that allows us, in a small way, to honor their service.”
Participating businesses can display the “THANK A VET” logo on their websites and post a decal in their place of business, demonstrating their support of Erie County veterans.
“Involvement in the program is beneficial to businesses,” Jacobs said, “and they will undoubtedly realize an increase in traffic and sales.”
“Involvement in the program is beneficial to businesses,” Jacobs said, “and they will undoubtedly realize an increase in traffic and sales.”
For more information on the “THANK A VET” program, visit http://www2.erie.gov/clerk/index.php?q=quotthank-vet-quot-discount-program
For more information on Marrano Marc/Equity, visit www.marrano.com or Call Steve Converse at 716-809-8676
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