SBP Homes bought Richard's family home for $10.75 million, and once it is torn down, they plan to develop the 32-acre lot into nine individual homes.
Seems a shame to not develop (say) 30 half acre homes intermixed with 30 denser multi unit dwellings and common park space .. but zoning, Nimby, expectations, etc.
Also housing shartages tend to be variable by region and perhaps New Canaan, Connecticut doesn't have that demand.
Paul Simon's Daughter Blasts Richard Gere for Selling Her Childhood Home to Real Estate Developer. - https://www.rollingstone.com/music/music-news/paul-simon-dau...
Seems a shame to not develop (say) 30 half acre homes intermixed with 30 denser multi unit dwellings and common park space .. but zoning, Nimby, expectations, etc.Also housing shartages tend to be variable by region and perhaps New Canaan, Connecticut doesn't have that demand.