Stamford building fetches $17M
East Main Street Equity Partners has purchased Stamford”™s 750 E. Main St. from 750 Acquisition Co. for $17 million.
The 103,000-square-foot building is approximately 63 percent occupied. The property was renovated in 2008 with a new 50-foot marble lobby and fitness center.
East Main Street Equity Partners is an entity controlled by Aegean Capital of Stamford.
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Foundation names new CEO
Juanita James of Stamford has been named president and CEO of the Fairfield County Community Foundation.
James will assume her new position on Oct. 3. The foundation”™s current president and CEO, Susan Ross, announced in February she was stepping down after 15 years.
The foundation promotes the growth of community and regional philanthropy to improve the quality of life throughout Fairfield County.
James”™ background includes 37 years of corporate experience, most recently at Pitney Bowes Inc. where she was chief marketing and communications officer. She previously worked at Time Warner Inc., and Bertelsmann Inc.
James is also a director for Reading Is Fundamental, trustee of Lesley University and trustee emerita of Princeton University.
Shelton spec development in phase twoÂ
The developer of Shelton-based Cranberry Hill Estates said it has moved into its second phase of construction.
All but one of the farmhouse-styled houses in the first phase of construction have been sold. Deposits have been taken on four more houses in the second phase of construction at the Armstrong Road community.
Prices for the 2,000- to 2,900-square-foot houses in four different floor plans range from $450,000 to $500,000.
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Delamar caters to duffers
The Delamar Greenwich Harbor has created a partnership with the Pound Ridge Golf Club in Pound Ridge, N.Y.
The Pete Dye-designed course will offer specials to Delamar guests designed to appeal to business travelers and avid golfers. Guests will have access to complimentary golf clubs and shoe rentals, preferential golf rates and tee times as well as shuttles, rental cars and limousines.
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Bridgeport clubhouse opens
The Wakeman Boys & Girls Club Smilow-Burroughs Clubhouse has opened in Bridgeport.
Located on land adjacent to the Burroughs Community Center on Fairfield Avenue, the clubhouse will bring Boys & Girls Club of America programs to more than 1,000 Bridgeport children in grades 3 through 12.
The 23,000-square-foot building has an 8,000-square-foot gym, a teen center, game room, arts and science center, technology center, community room, two learning centers, a café and kitchen, and a fitness studio. Boys & Girls Clubs of America programming focuses on education and career development, character and leadership development, the arts, health and life skills, and sports, fitness and recreation.
The clubhouse was designed and constructed to meet the standards of Leadership in Energy and Environmental Design certification from the U.S. Green Building Council. Efforts are under way to apply for LEED Gold certification. The building includes solar panels, a recycled subfloor and a high-energy efficiency HVAC system. More than 80 percent of the debris taken from the premises during construction was recycled.
Wakeman Boys & Girls Club raised $7 million through a capital campaign to fund the design, construction and first year of operation for the new clubhouse. Joel Smilow, a local philanthropist and advocate for the Boys & Girls Clubs, jumpstarted the fundraising with a $1.5 million donation. The annual operating budget for the new clubhouse is $600,000, all of which will be raised through private donations and grants.
