Mixed-use development at Fairfield’s Metro-North station sold to NJ developer

The Crossings at Fairfield Metro, a mixed-use development site at the Metro-North train station in Fairfield, has been acquired by the New Jersey-based property developer Accurate for an undisclosed sum.

The transit-oriented project will be developed on a 23.88-acre parcel adjacent to the train station, with frontage on Ash Creek providing access to the Long Island Sound. Approvals are in place for 357 apartments, a 118-key hotel, 70,000 square feet of office and 40,000 square feet of retail space.

“We are delighted to expand our development footprint throughout the northeast with this well-located site in Fairfield, Connecticut,” said Jack Klugmann, president and CEO of Accurate. “With direct access to public rail service and proximity to community amenities and services, the property is ideally suited for a modern, mixed-use development that creates a well-balanced destination and becomes a center point for community life.”

The CBRE team of Louis Zuckerman, Patrick Colwell and Jeffrey Dunne represented the seller of the site, Blackrock Realty LLC, and procured Accurate as the buyer.