Hearst lost about 3,400 ad pages, and every one of its magazines posted declines, especially those at the higher end: Town and Country fell 45.6 percent; and Veranda was down 48.1 percent.
The company also plans to build 185 high-end town homes for residents age 55 and over.
In Montclair, the going rate for high-end town house apartments is more than $2,000 a month, he said.
Plans have been approved in West Hartford for Quaker Green, where 64 new high-end town homes will be built on the former Talcott Junior High School property.
Over the next five years it will build a 110- to 250-room hotel with an indoor pool and health club, a 200,000-square-foot office building and 80 units of high-end town houses and apartments.
Local officials and homeowners have long regarded the parks as blight, and now their owners are finding it harder to turn down lucrative offers from developers wanting to build high-end town houses or shopping malls.
Cranes compete with the John Hancock Center and other soaring landmarks for a place on the skyline, and in many of the neighborhoods that branch off the Loop, the city's business and financial core, the pockmarks of urban blight are being plugged with high-end town houses.
His firm has just been named to redevelop another Livingston site on East Cedar Street, just south of Northfield Avenue, into 54 high-end town homes, "Any town that is desirable is going to have developers complaining about getting their proposals heard," Mr. Freireich said of cavils developers may have.
The Ginsburg company, which has filed plans for almost 400 homes in two projects elsewhere in Fairfield County, in Danbury and Newtown, has been known in Westchester for its focus on the high-end town-house niche, often on challenging sites.
Tourism — the place is a budget alternative to high-end towns in the nearby Berkshires — had waned.
The East End, which includes the high-end towns of East Hampton and Southampton, does not fit into the regular Long Island market statistics, realtors say.
