Smart-alecks dubbed this place the “Pizza Hut” years and years ago. Why, the red roof? The stucco exterior? Who knows. Anyway, back in 1997, a builder named Licata purchased the 8.3 acre parcel (in the 4-acre zone) for $1,250,000. He got pretty far along, getting about 50% completed, when we had one of our periodic crashes, this one called the “dot-com crash” of 2000, and everything ground to a halt for a while.
The rest of the market recovered quite nicely after that, but somehow, this place stayed the same. My guess is it was mired in litigation between various owners and lenders, but in any case, it has sat up there in Greenwich’s backcountry, untouched, for SIXTEEN YEARS.
But the thick tile roof protected it, and the truth is, it’s really not so bad. One could actually finish this place and have an impressive 14,000 square foot palace.
But one will not do so, I’m afraid. Nope, the whole thing’ll be scrapped, a terrible waste of building materials and labor, but that’s the way these things go sometimes.
By the way, the site is spectacular; it’s big, wide space, and you’re really aware that this is one of the highest points in Greenwich. It’s a “top of the world” feeling.