The James's biological son and 12-year-old adopted daughter lived with them in the main part of the family's colonial-style home.
The 39 colonial-style homes in the 5,800-square-foot range will be priced at $2.8 million to $3.5 million.
A colonial-style home with five bedrooms on one acre and priced at $1,150,000 is the first unit under construction.
It became home to 19th-century sea captains, and their Federal and colonial-style homes still line the main streets.
Architects assumed wrongly that most people would choose Colonial-style homes as their dream houses.
The new two-story Victorian and colonial-style homes are 2,500 to 3,000 square feet and cost $650,000 to $699,000.
The two plan to build a six-story apartment building with ground-floor medical offices on a lot that once held a 1922 colonial-style home.
Meadowood will also be building two 4,000-square-foot colonial-style homes in Manhasset that will sell for about $2 million.
Stately colonial-style homes now line his namesake street, Stewart Avenue.
Store space here now tends to run from 2,000 to 5,000 square feet and is often cloistered away in either old multistory buildings or colonial-style homes.