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Now known as The Summit at Danbury, the complex at 39 Old Ridgebury Road will ultimately consist of 700,000 square feet of Class A office space; 75,000 square feet of conference and event space; 30,000 square feet of core services and amenities; and, it is hoped, 400,000 square feet of residential apartments.
In addition to the big splash it made last October with the $17 million acquisition of Danbury's Matrix Corporate Center, the Southport developer is working on several other high-profile projects.
For more than 50 years the newest Goddard School location was home to the Stratfield IGA Market.
Summit plans to repurpose the building by subdividing it into 700,000 square feet of Class A office space; 400,000 square feet of residential apartments; 100,000 square feet of conference and event space; and 100,000 square feet of core services and amenities.
A $21 million project from Wilder Balter Partners brings 64 mixed-income apartments to the iconic building that once served as the Reader's Digest global headquarters.
"The real question boils down to whether Westport wants to be an inclusive or an exclusive community,” said Summit Development Founder, CEO, President and Principal Felix Charney.
Tenants include Wells Fargo, Navigator Management, IMS Health, Lenovo and Sigmund Software.
Major activity on the site will end in a mixed-use campus with office and retail space and two separate residential portions.
Standing in what’s left of the corner office where DeWitt and Lila Wallace, the co-founders of Reader’s Digest, built a media empire starting in...
Summit Development's latest projects include a three-building commercial property in Danbury and the Chappaqua Crossing development in Westchester.