Greenwich Rentals May Be Hotter Than Sales Market
Greenwich rentals, like at The Mill (pictured), are in high demand (iStock, The Mill) A few years back, Greenwich developer Steven Schacter ventured a bet that within one of the country’s most expensive real estate markets lay a dormant demand for luxury rentals. Residents in the affluent Connecticut town skew older — nearly a quarter are seniors — and Schacter figured some empty nesters wanted more manageable digs. He and partner Eric Schwartz developed The Mill — two high-end apartment buildings equipped with concierge service at the town’s western edge. Move-ins begin Aug. 15. Bu...