Fairfield County partners plan luxury apartments in Rye

By John Golden

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A Connecticut real estate investment partnership has acquired the Station Plaza Office Building in Rye with plans to redevelop the property as a 12-apartment luxury residence with a 3,500-square-foot restaurant across from the Rye Metro-North train station.

A partnership of JCS Capital L.L.C. in Stamford and Granoff  Real Estate L.L.C. in Greenwich closed this month on its $2.07 million purchase of 2 Second St. in Rye. The seller, Ganz Easy Street Inc., paid $2 million for the property in late 2002, according to Westchester County land records.

An architect's rendering of 2 Second St. in Rye. An architect’s rendering of 2 Second St. in Rye.

A spokeswoman for JCS Capital said the structure was built as a parking garage for wealthy New Yorkers to store their cars for weekend getaways in the suburbs. The building was renovated in the 1970s and converted into a 12,600-square-foot office building, said Ciara Smyth, marketing director at JCS Capital. She said one half of the building still has a parking garage drive ramp and has been used as warehouse space.

Partners in the $3 million project – Justin Shaw, principal of JCS Capital, and architect Richard S. Granoff – have received city approval for their plans for a 17,500-square-foot mixed-use development. Office tenants will vacate the building by October, Smyth said.

“The proximity to the train makes this the perfect residence for daily commuters,” Shaw said in a press release. “We are excited to bring a fresh face to this great town and provide residents the option of easy, contemporary living.”

The partners’ affiliated companies, Granoff Architects in Greenwich and JCS Construction Group Inc., a general contractor  in Stamford, will manage the design and construction of the project. Construction is slated to begin in early 2015 and be completed in the last quarter of 2015.


About the author

John Golden
The Business Journal’s senior writer, John Golden directs news coverage of the county and Hudson Valley region as Westchester bureau chief. He was an award-winning upstate columnist and feature writer before joining the Business Journal in 2007. He is the author of “Northern Drift: Sketches on the New York Frontier,” a collection of his regional journalism.