821 East Main Street
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A new 40 story tower proposed for the empty lot on Dock and Atlantic street
https://www.stamfordadvocate.com/business/article/ct-stamford-560-atlantic-development-apartments-hq-19876818.php
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Nice!
I am skeptical anything will be built at Dock/Atlantic any time soon.
The UBS parking-lot high-rise was proposed years ago, but nothing has happened. And the UBS site is a much better site as it’s on the right side of I-95 (in downtown) and much closer to jobs/restaurants/etc. and about the same distance to the train station.
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Stamford Whole Foods will open on December 12
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1145 High Ridge Road
(There used to be a Borders Book Shop in that plaza, but it closed in 2011).
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Two major development stories on the front page of today’s newspaper.
First, residents living near a largely vacant office park in Springdale have sued over the approval of the redevelopment of the office park into residential.
Stamford neighborhood group sues Zoning Board over River Bend change
In more positive news, the old Caldor/Burlington Coat Factory at Summer & Broad streets has received zoning approval to be demolished and replaced with housing. This is right in the middle of the CBD and is unlikely to trigger a lawsuit.
Stamford OKs 280 housing units including at former Burlington site
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^^ Free article describing this proposal.
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400 Main Street
https://www.stamfordadvocate.com/news/article/stamford-valeur-building-apartments-19993751.php
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700 Fairfield Avenue
https://www.stamfordadvocate.com/news/article/stamford-playtex-condos-fairfield-avenue-19993275.php
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update on 900 Long Ridge Road:
The number of apartments will be dropped from 508 units to 463 units and the commercial space was lessened from 20,000 square feet to 5,000 square feet.
The smaller commercial space “will lead to a significant reduction in traffic,” Land Use Bureau Chief Ralph Blessing told the board.
The size of the structures was also reduced, allowing for more plantings and landscaping. The modernistic design initially proposed — with glass, metal and sharp lines — was dropped in favor of a more “traditional” architectural style, Blessing said. The new look will employ a wood-like facade, stone materials and a gabled roof line.
In addition, the 23 three-bedroom units in the complex that would be designated as “affordable” under the proposal were recategorized. Those units would be made available to people earning 45 percent of the Area Median Income, a drop in the threshold for affordability.
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Will the local zoning board approve the residential conversion?
That’s a decision they’ll need to wrestle with.
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(bumping in case you can’t post more)
UConn will take over the existing apartment building at 1201 Washington Blvd (right next to UConn Stamford academic building) and turn it into dorms. This will occur in July 2026, after current apartment tenants’ leases end.
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Article from Stamford Advocate:
WWE building in CT sells for $3.75M with plans to develop apartments
For more than 30 years, the six-story building at 1241 E. Main St., on Stamford’s east side, housed the headquarters of one of Connecticut’s best-known companies. Now, it is poised for a transformation under new ownership.
WWE, which is now headquartered in downtown Stamford, last month sold 1241 E. Main for $3.75 million to real estate firm MB Financial Group, which has offices in Branford and Boston. Reflecting its experience with redevelopment, MB Financial wants to convert the property into an apartment complex.
“The location is superb,” Michael Massimino, CEO and managing partner of MB Financial, said Friday. “It’s on the Stamford-Darien line, and it overlooks Long Island Sound and the Noroton River. The views of Long Island Sound really make this property unique.”
A message left for WWE was not immediately returned in time for this story.
MB Financial’s plans for the redeveloped 1241 E. Main, which they expect will have more than 80 units, will be reviewed by local zoning officials. Assuming the project navigates that process, the redevelopment could be completed by the first half of 2027, according to Massimino.
“Our intention is definitely to do this within the existing building,” Massimino said. “Right now, we’re in our conceptual phase, as far as laying out density and common-area amenities.”
Redevelopment of 1241 E. Main would be part of a local trend. In recent years, a number of office complexes in Stamford have been approved or proposed for redevelopment.
Stamford Mayor Caroline Simmons said in her State of the City speech last April that conversion of empty commercial buildings into residential properties is one way to address the need for more affordable housing. It could also grow the grand list and bolster local home values, she said at the time.
MB Financial has experience with redevelopment. In Clinton, several buildings are being repurposed through its Station at Clinton project. When completed, it will have about 200 units across apartments and town homes. The first component, a 45-unit apartment complex known as The Grand, opened in 2023.
“It was formerly a 40,000-square-foot data center. We did a third-floor addition on top of it. The floor plates are very similar to the WWE building,” Massimino said of The Grand.
MB Financial’s portfolio also includes The Lofts at 250 Greene in New Haven. The 23-unit apartment complex, which opened in 2020, repurposed former convent and school buildings of St. Michael’s Church.
As for WWE, its decision to sell 1241 E. Main was not surprising. When the company announced in March 2019 that it would relocate its headquarters to downtown Stamford, it said that it expected to sell 1241 E. Main. The building was also known as Titan Towers when the company was based there, from the early 1990s until 2023.
Among other deals related to its headquarters relocation, WWE recently sold for nearly $7.5 million the site of its former production studio on Hamilton Avenue in Stamford, a property that stands a few blocks from 1241 E. Main.
Meanwhile, WWE has settled in at its current headquarters at 677-707 Washington Blvd. Company officials have said that the hub covers about 400,000 square feet, including offices in the property’s 13-story tower and production space in the adjacent seven-story pavilion. WWE officials have also said that the company would have more than 800 people working at the new base, after the company had opened all of its space there.
Last April, WWE announced the opening of an approximately 30,000-square-foot production facility, with five studios, at the current headquarters.
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Update on this development:
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