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“New York City is out of lab space, or it’s too expensive,” says Stamford Director of Economic Development Thomas Madden, “so those companies can migrate into Westchester County or Stamford.”
Nearby residents' objections to the proposed Life Time fitness center, which has been on the boards for over two years, revolve around traffic and noise.
Thomson Reuters will be joining WWE, KPMG and Perkins Eastman at the 12-acre, 700,000-square foot property.
The 91,040-square-foot building, which will continue to serve as the headquarters of the clothing company, was bought by New York real estate investment firms Melohn Group and Drake Street Partners.
WWE anticipates moving to the new headquarters in early 2021.
POP Displays USA said it will abandon its facility at 555 Tuckahoe Road, where, as of last month, according to the city, it employed 538 people full time.
The deal boosts the company’s presence in New York City’s northern suburbs at a time when George Comfort & Sons is busy pursuing property redevelopments in White Plains, Rye Brook and Stamford.
The city's zoning board has approved an amendment regarding the High Ridge Park building, which has been vacant since Frontier Communications moved to Norwalk in 2015.
Having done well in Westchester County, Madden views repurposing Stamford's High Ridge Park as a test case for Fairfield County. The proposal to repurpose one of the six buildings into a fitness facility has run into significant opposition from neighboring residents.
If passed, the proposed zoning text change – which requires a supermajority vote of at least 4-1 – would also apply to Stamford’s five other office parks.
The project proposal is from WP Development NB, LLC — a group of investors led by Manhattan-based George Comfort & Sons Inc., which also owns and operates The Centre at Purchase office park and 900 King St. in Rye Brook and High Ridge Park and Shippan Landing office parks in Stamford.
The move coincides with MKDA Stamford's 10th anniversary.
A Manhattan commercial real estate company plans a development that would bring apartment dwellers, resident law school students and seniors in assisted living to the former Good Counsel campus in White Plains.
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