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Seascape an oceanfront house that won its architect the Preservation Foundation of Palm Beachs 2011 Schuler Award has sold for $16.25 million, the price recorded with the deed.
Bryan Cressey and his wife, Christina, bought the South End house, which was built in 2010 at 2315 S. Ocean Blvd., according to documents recorded Wednesday by the Palm Beach County Clerks office. The British Colonial-style residence has five bedrooms and 21,148 square feet of living space, inside and out.
Bryan Cressey heads Cressey & Co., a private-equity firm with offices in Chicago and Nashville, Tenn., that specializes in health-care investments. He and his wife, known as Christy, live in Barrington Hills outside Chicago and own no other property in the Palm Beach County in their names, records show.
Seller Donna Ward is an interior decorator and art historian who oversaw the construction and furnishing of the two-story house. She has supervised the construction and renovation of a number of homes she has shared with her husband, international investment banker Rodney Ward. Their primary residence is in London.
The property was listed for sale in November at $22.5 million by broker Lawrence Moens of Lawrence A. Moens Associates. Neither he nor Ward could be reached for comment.
The house stands on a narrow lot measuring 1.8 acres, a bit north of the Par 3 Golf Course. The property was once the site of the Sea Lord Hotel.
The Cresseys were familiar with the house before they bought it. We used it for the winter, and when Donna Ward decided to sell it, we decided to buy, said Bryan Cressey, who spends some of the winter season riding in Wellington, where the couple stables horses.
The setting is enchanting, he added. We found the home just captivatingly beautiful.
Wonderful for parties
Architect Daniel Kahan of Smith and Moore Architects designed the house in close collaboration with Donna Ward. Three years ago, he was presented with the Elizabeth L. and John H. Schuler Award from the Preservation Foundation of Palm Beach for the design. The annual award recognizes excellence in new construction projects that reflect the towns architectural character, according to the foundation.
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Award-winning South End home brings $16.25M
Kristen Smith leaned against the late April wind and looked out on Casper Mountain in the distance. The grass beneath her feet was already green from recent spring storms.
Inside the model home, her boyfriend, Ben Marquez, smiled and watched.
Im going to be the first in my family to own a new (home), Marquez said.
Marquez and Smith knew they wanted to build their own home. They looked in Casper, where they hold down three jobs between them, but quickly realized it was well out of their price range.
They thought they could settle for buying a used home, but still couldn't make it work.
Finally, they turned to Bar Nunn.
"It's definitely cheaper than Casper," Marquez said.
Bar Nunn is the best place in Wyoming for homeownership, according to a recent study conducted by consumer advocacy group NerdWallet.
The study factored in the ownership rate, monthly costs and income, home value and population growth from 2010 to 2012 -- all culled from the latest American Community Survey --in drawing its conclusions.
The homeownership rate in Bar Nunn is 93 percent, according to the study, and those homeowners are only committing 22 percent of their monthly income to housing costs. That is well under a federal recommendation that cites 30 percent as the most a person should be paying for a home before the cost is considered a burden.
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Bar Nunn boasts growth, affordable living, study says
Architects (UK)- Gravedigger Live at Pomona Glasshouse 5-16-2014
First song of the set.
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Architects (UK)- Gravedigger Live at Pomona Glasshouse 5-16-2014 - Video
May 7, 2014: Steve Rodgers stands outside his thrift store as he discusses his support for a plan to widen U.S. 431 through historic Eufaula, Ala.AP
EUFAULA, Ala. Travelers heading through southeast Alabama to Florida Panhandle beaches have a four-lane road the entire way except for a half-mile stretch in Eufaula. That section, gracefully lined by Southern mansions and giant oaks, narrows to two lanes.
Now the town finds itself in a battle of Southern charm vs. traffic congestion as the state makes plans to widen U.S. 431 and remove some trees.
City officials and historic preservationists say it would strike a huge blow to the city's heritage -- and heritage-related tourism that helps drive the economy in town of 13,000 situated on the Chattahoochee River.
"It is one of the most photographed streetscapes around. It is an iconic image for Alabama," said Mike Bunn, executive director of the Historic Chattahoochee Commission.
State Transportation Director John Cooper said Alabama has spent $150 million to complete the last four-lane stretches of U.S. 431 from Interstate 85 to the Florida line. The half-mile stretch through Eufaula's historic district is the only part of the 137-mile highway that remains two lanes.
"From a transportation standpoint we have spent too much on this corridor and this corridor is too important to the state, particularly the southeast corner of the state, not to pursue trying to eliminate this bottleneck," Cooper said in an interview.
U.S. 431 carries lots of trucks and tourists, particularly from the Atlanta area. As they approach Eufaula, the four-lane highway divides into two single lanes separated by medians 30 to 50 feet wide. The medians are filled with crepe myrtles, azaleas and giant live oaks that create a canopy with the huge oaks in front of mansions from the 1800s. Those mansions anchor a historic district with nearly 700 buildings.
The historic homes were filmed for the 2002 movie "Sweet Home Alabama" to serve as Reese Witherspoon's hometown. The street is also the busiest two-lane stretch of road in Alabama, averaging 21,000 vehicles a day, Cooper said.
Mayor Jack Tibbs said traffic does back up on busy weekends for beach tourism, but the town uses police officers to keep the vehicles moving. He said the tourism created by the historic district is too valuable to the town to risk running four lanes of traffic through it and destroying its beauty. "It is our calling card," he said.
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'BAMA ROAD RAGE'Sweet Home Alabama' town fights traffic plan
With the Modi juggernaut crushing the Congress in Maharashtra, alarmed party men are pushing hard for a change of guard in the State. Already two Cabinet Ministers have sent in their resignations in an attempt to build pressure for the ouster of Chief Minister Prithviraj Chavan. The resignation of Bihar Chief Minister Nitish Kumar, after the abysmal showing by his Janata Dal(United), is serving to tighten the screws on Mr. Chavan.
The Congress has won just two of the 48 Lok Sabha seats a historic low in Maharashtra, once considered its bastion. Party MLAs and functionaries fear they will lose the Assembly polls in October as well unless there is a complete overhaul at the top including replacement of PCC chief Manikrao Thakre and AICC general secretary in-charge of Maharashtra Mohan Prakash.
Publicly, Industries Minister Narayan Rane said he was quitting since he could not ensure the victory of his son Nilesh Rane from Ratnagiri-Sindhudurg. Employment Guarantee Scheme Minister Nitin Raut took moral responsibility for the defeat of the party in Nagpur, his home base.
However, others were more frank. The high command will have to change the Chief Minister for us to have a fighting chance in the Assembly polls, said a senior Minister. The Congress began its campaign too late and Mr. Chavan did not consult with party MLAs and other leaders. Its clear the Congress has lost touch with ground reality, he added.
Many MLAs see Mr. Chavan as an outsider to State politics, inexperienced in realpolitik. He has barely contested elections. How will he lead the State in an election? asked a functionary.
Mr. Chavan, who took over the reins of the State in the shadow of the Adarsh Housing Society scam, has also been accused of keeping key decisions pending for too long. His slow pace of file clearance even earned a public rebuke from the ally, Nationalist Congress Party chief Sharad Pawar, who said the government had been struck by a paralytic stroke.
Another reason, a senior Congress functionary said, is that Mr. Manikrao Thakre lost interest in the polls as his son was denied ticket. We had no election campaign committee until the very end.
When contacted, Mr. Thakre admitted the party should have begun its campaign much earlier. We made mistakes and will have assuage peoples anger. Several schemes could not be implemented and we will have to work much harder, he told The Hindu. Asked about the demands for a change of guard, he said, Resignations do not solve anything. We need to work together.
How cold was it?
Well, if you hit a ball in the water on No. 7, it would skid and bounce across onto the green.
Actually, there was no ice on the water, but I did hit a skipper onto the green at the 28th annual Mario Luther Charity Golf Classic held Friday at the Indiana Country Club that brought quite a chuckle to the other members of the foursome.
It was almost too cold to play golf, but some just threw on another layer of clothes and continued play.
No one won a car and there was no payoff at the Million Dollar Hole-In-One Shootout, but the big winner was the Indiana Regional Medical Centers M. Dorcas Clark, M.D., Womens Imaging Center, the tournaments charity of choice this year.
Speaking at the dinner following the event, on behalf of the Womens Imaging Center, were Heather Reed, executive director the Indiana Healthcare Foundation; Sue Majoris. RN, who spoke on the centers services and programs; and Judy Sipos, RN, a breast cancer survivor. All are employed at Indiana Regional Medical Center.
Chris Hoke, a retired defensive lineman for the Pittsburgh Steelers, also spoke briefly.
Hoke, who said he has lost 70 pounds since playing in a backup role as nose tackle to Casey Hampton, continues to do public relations work for the Steelers and quite often appears on the Pittsburgh television scene.
Always flashing a wide grin, the personable Hoke made the rounds on a golf cart with Mario chatting with players during the event.
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CARL KOLOGIE: Imaging Center big winner
