A five-story, mixed-use development at the corner of Kings Highway and Ash Creek Boulevard has been unanimously approved by Fairfield”™s Plan & Zoning Commission.
The $40 million project will feature 160 apartments over 22,000 square feet of ground floor retail with structured parking to accommodate 480 vehicles. According to the town”™s Economic Development department, the project is expected to break ground later this year, and upon completion yield approximately $700,000 in annual net new tax revenues.
Co-developers Abbey Road Advisors and Skala Partners, both of Fairfield, completed work on Trademark Fairfield, a similar mixed-use, transit-oriented development at 665 Commerce Drive, last June.
