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"I have no plans to retire," founder and CEO Randy Salvatore says. “I hope we can have this conversation again 25 years from now.
Multi-family has been stable, and single-family has been on fire," enthused People's United Bank Executive Vice President Marjan Murray at the Construction Institute's annual Fairfield County Economic Forum.
The new hotel take over the space previously occupied by Hotel Zero Degrees.
Prior to its development, the Greypointe site was the subject of two decades of unsuccessful construction plans.
The Lloyd, a 94-room pet-friendly establishment, is scheduled to open in April.
What’s happening with Ainslie Square “is reflective of the fact that people want to come and live in Stamford,” said Mayor David Martin. “The reason rents are so high here is because we still don’t have enough housing.”
Efforts to develop the site dating from the early 2000s were unsuccessful due to a variety of problems such as bankruptcy, foreclosure, landslides and lawsuits.
“We’ve been able to make two price increases in the past three weeks,” said RMS Cos. Founder and CEO Randy Salvatore. “Interest is so strong – I haven’t seen it like this in a long time.”