Clients count on Paramount Development Group for curated comfort and complete project delivery
Founded in 1994, Paramount Development Group delivers luxury custom homes to clients across New York State. “Paramount Development Group has been a pioneer in the residential construction industry throughout Long Island for the last 30 years,” begins Company President, Peter Criscuolo.
“Our humble beginnings were building spec homes for prospective first-time home buyers, and over the years we have scaled the business, expanding into eastern Long Island and providing luxury summer homes to the Hamptons elite. We’re diversified across a variety of markets and price points, but our primary focus is on our bespoke high-end luxury residences.” 
In the ever-changing world of homebuilding, Paramount Development maintains its cutting edge through diversification and unmatched in-house capabilities, as Director of Field Operations, Steven Criscuolo, discusses: “We’re constantly evolving to stay ahead of the curve and cater to trends in the market. We don’t have any limitations in terms of style and as such, are able to deliver on the needs of our client base.
“With the team and infrastructure we have, we’re able to produce high quality end products for even the most discerning of clients. We’ve worked hard to become specialists in this sector, and our expertise is backed by an extensive portfolio of past and present projects.
“In addition, Paramount is an all-service contractor, which means we offer support on all phases of the construction process from conception to completion. We can provide everything from the initial consultation to architecture, permitting, construction, landscaping, hardscaping, and exterior design. At the client’s request, we can also deliver interior design services and furnishing installation, to transform the house into a home.”
The company’s latest projects offer something unique to the Hamptons home market. “We have a catalogue of spec properties that have recently been put on the market,” Peter shares. “These are, 165 North Main Street East Hampton, NY, 5 White Oak Lane Southampton, NY, 21 Cedar Lane Remsenburg, NY, 7 Lee Lane Wainscott, NY, 136 Trelawney Road Bridgehampton, NY, 33 Mashomuck North Haven, NY, and 84 Wainscott Hollow, Wainscott, NY.
“These are all great projects. The first four are fully complete and move-in ready — the others are all in different phases of the construction process. One of our latest projects offers a rare and unique opportunity. 84 Wainscott Hollow boasts 10,600 square feet of living space on three levels, an 18 by 60 Gunite pool with a standalone spa, pickleball court, and pool pavilion with an outdoor kitchen. This property offers one of the last opportunities to purchase a new construction of this scale in the East Hampton township.
“This is because the town has recently adopted new codes, which will reduce the size and scale of structures for all new construction. We received approval prior to this happening, ensuring us an extra 2000 square feet that would have otherwise been lost under the new codes — making this a rare and advantageous opportunity.
“We’re also incredibly proud of our work at 136 Trelawney Road in Bridgehampton. Trelawney boasts a similar scale to Wainscott Hollow with a different transitional aesthetic. The home also has a full pool house with an outdoor kitchen, and a support kitchen in the interior, as well as a sunken tennis court. Given its geographical location, it’s perfectly situated for walking or bicycling right into the heart of Bridgehampton.”
Supporting homeowners
Committed to always going above and beyond, Paramount Development brings comfort and excitement to customers throughout the construction process: “Our approach is to leave clients with no unanswered questions, and a keen understanding at every step. We strive to make what many consumers view as a strenuous process, a seamless and stress-free one, from beginning to end. It’s our objective to provide a unique level of service, unparalleled by any competitors in the area.
“Our work and service speak for themselves, and our clients often provide testimonials to that effect. Our reputation has been cultivated in equal parts through positive client relationships and the unmatched quality of our construction services,” Steven affirms.
Supporting its customers in more ways than one, Paramount Development is known for its unique first-time buyer support scheme, as Peter reveals: “For all first-time buyers, a new home will be the biggest purchase of their lives. We want to make sure they have a full understanding of the process, pricing, and timeline, to ensure a smooth transaction for everyone involved. We live by consistency and provide the same support and level of attention whether it’s a $600,000 home or a $20 million one. All our clients receive the highest level of service.”
Supporting the next generation of homeowners will no doubt ensure ongoing success for Paramount Development. Looking ahead, Peter considers what’s next: “In five years’ time, we will be continuing to pioneer high end luxury residences on the East of Long Island. The business has strong potential for multi-state expansion, and in the coming years we’ll be working toward that goal. We have also been acquiring some commercial and multi-family assets for our portfolio, which we will continue to expand in the long term,” he concludes.