Antares buys New England residential complexes

Luxury condominiums planned

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Greenwich, Conn.-based Antares Investment Partners purchased two residential Greenwich properties from an affiliate of Mill Management Group for $223 million. The company said that two complexes -- the 266-unit Putnam Green I-III located at the juncture of Post Road and Western Junior Highway in Greenwich and the 130-unit Weaver's Hill located off of Weaver Street in the Glenville section of Greenwich -- will be converted into luxury condominiums. Built in phases between 1967 and 1969, the 20.4-acre Putnam Green complex has a variety of unit mixes including studios and one-, two- and three-bedroom townhouses. Built in 1971, Weaver's Hill consists of two- and three-bedroom townhouses located on 29.2 wooded acres in a "conservation zone." The combined, average home size is 1,500 square feet, with the smallest being approximately 750 feet and the largest being nearly 3,000 square feet. "As a local, Greenwich-based company, we have been told for years that many of the current tenants w...