March 2008 Dominick DeVito of DFT asked to join the board of directors for Dream Tours, a non profit organization. The Orlando based company Dream tours specializing in tours throughout the Disney theme parks for handicapped and mentally challenged children, has asked Dominick DeVito to join it's board of directors starting June 1st 2008. Dream Tours and CEO Ryan Clement said " We elected to add Mr. DeVito to the board of directors after all his years of charitable contributions and help with the organization. We feel he will be a great addition in helping Dream Tours to expand its business to help more families in need of their services." Mr. DeVito is the managing member of the Real Estate development company DFT LLC, located in Greenwich CT.
Dec. 2007 DFT, LLC interviewed for "The Heart of Teardown Country" in the New York Times by Carin Rubenstein and published December 16, 2007. The New York region now edges out Chicago as the nation’s “bash-and-build” capital, particularly in areas close to Manhattan.
Nov. 2007 DFT is recognized in Central Florida for their efforts on helping distressed homeowners find solutions to their foreclosure woes. One women said if it wasn't for DFT offering a helping hand "my children and I would be homeless." DFT is teaching borrowers in trouble to use the funds they would be spending on fighting foreclosure to negotiate a payout with their lenders. This is a tough time for homeowners. As rates come down, homeowners will be able to afford their payments; they just need a breather and an opportunity to catch up.
Nov. 2007 DFT is interviewed by the NY times for an article on luxury knockdowns. DFT, known as one of the Northeast top home builders specializing in luxury knockdowns, was interviewed this week on what makes the perfect knockdown. With such a shortage of land in Greenwich CT, finding a building site in the right location is virtually impossible. Builders are going to homeowners on specific streets they want to build on and are trying to secure a building lot. It is becoming tougher and tougher to find good lots. With the real estate market declining in recent months, builders are having a hard time meeting homeowners' asking prices. DFT said, "The formula is simple. You can pay 1/3 for the land of what the selling price of the new home will be." As new home sale prices decline, so does the amount builders can pay. DFT feels 2008 will be a very strong year in Greenwich simply due to supply and demand for new housing in the area.
Sept. 2007 DFT relocates its main headquarters to 84-86 East Putnam Rd. Cos Cob, Ct 06807
Aug 2007 DFT announces 100% occupancy...DFT's rental division is please to announce that we are 100% occupied across three states. Mr DeVito said, "that with the current real estate sales remaining sluggish the demand for high-end luxury rentals should continue through the end of 2007 and the first quarter of 2008."
June 2007 DFT acquires its second development site on the esteemed Round Hill Road - DFT secures a five acre developement site positioned between two of Greenwich's most exclusive residences.
June 2007 DFT brings Celebration its first estate home to feature both a swimming pool and tennis court - As the upgrading of homes throughout Celebration continues, DFT has completed its renovation of another main village estate home featuring Celebration’s first estate home to have a regulation grass tennis court. With the demand for Celebration properties, DFT feels this home will set a new standard for pricing of remodeled estate homes in the sought after main village.
May 2007 - DFT sells 421 Arbor Circle in Celebration Fl, to mark the highest sale in Celebration this year.
May 2007 - DFT is one of the contributing sponsors of the Greenwich Designer Showcase.
February 2007 - DFT acquires 27 Vineyard Lane of Greenwich, CT for the future development a $20,000,000 luxury spec home
January 2007 - DFT and Associates is interviewed by ABC Nightline News for an upcoming documentary on tearing down and rebuilding multi-million dollar luxury homes across America to air late September 2007.
January 2007 - DFT acquires 5 Edgewood Ave. 10,000 sq ft class A office building in downtown Greenwich.
January 2007 - DFT signs lease with Rock Ridge Associates at 5 Edgewood Ave.