Groton -- Some development projects seem fated to never come about, despite gaining all the necessary approvals, and the Cornerstone Village condominiums off Winding Hollow Road was one of those languishing properties, first started about 15 years ago.

But three years ago Hamsitha and Saikumar Reddy, a father-and-daughter team doing business as Cornerstone Ventures, bought the partially completed project and went to work finishing it over the past year and a half.

“We liked what’s going on with the area, so we are going to complete it,” Hamsitha Reddy said Thursday during an open house for local real estate brokers.

Reddy said her family’s company is originally from Iowa, completing new construction projects mostly in the Midwest as residential and medical-oriented developments.

“Connecticut is very new to them, very different,” she said.

She’s been staying in North Stonington overseeing the eight-unit condo project after briefly flirting with the idea of a medical career.

Real estate agent Ann Buonocore of Buena Vista Real Estate calls Cornerstone Village a “pocket community” because of its small size, only eight units, with a possibility of two more if sales go well. She added that more similar-sized communities could be on the way locally with land harder to come by in tracts that can accommodate large developments, as in the past.

According to a June 2019 article in Forbes magazine, “Pocket neighborhoods make up small clusters of houses in urban, suburban, or rural settings in which small-footprint homes are arranged around a shared common area. The closeness that is created in these communities encourages interaction among neighbors and is perfect for people who seek a stronger sense of community than is found in a conventional neighborhood.”

The project is on a truncated road below the large Winding Hollow townhouse development and is not associated with it. Nor will members of Cornerstone Village be entitled to any of Winding Hollow’s amenities, which include a pool; instead, the Reddys plan to build a dog park on the 19-acre property.

“It’s an alternative to big-box living,” Buonocore said.

Each of the side-by-side, two-story condo dwellings is about 1,700 square feet with three bedrooms and two-and-a-half baths, with an attached garage and full basement. The units, each with a good-sized deck facing the woods, are going for $450,000 to $460,000.

The homes all have an open floor plan, central air conditioning, granite countertops in the kitchen and master bedrooms with two walk-in closets.

Reddy noted the project’s close proximity to Route 184 and Interstate 95, and said it’s already been drawing interest from employees at Pfizer Inc.

“The location is beautiful,” Reddy said. “And you can’t find a (new construction) three-bedroom condo anywhere else.”

l.howard@theday.com