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“There are really only a couple of Class A buildings in downtown Bridgeport," said Avison Young's Christopher Grundy. "But there’s a growing number of great features and activities in the area that make it very attractive.”
“I feel the market is better than the statistics show,” said Cory R. Gubner, president and CEO at RHYS. “I am very bullish."
“Darien Crossing is the epitome of an asset in need of modernization and a new identity,” said Nick Fletcher, a member of the new ownership group, which has plans for a full interior and exterior capital improvement project.
"Knowing that there are outside forces that can drive perceptions in the business, rightly or wrongly," is one of real estate's biggest challenges, Gubner said. "Sometimes people will hear certain things and overreact, even when the actual facts haven’t necessarily changed."
According to a data analysis from Newmark Knight Frank, Fairfield County’s office leasing activity grossed 4.2 million square feet in 2017, up 18.5 percent from the previous year.
The newly connected waterfront destination, across from Harbor Point and overlooking the Long Island Sound, will include 200,000 square feet of waterfront office space and 218 residential rental units.
“Restaurant economics are more of a challenge for landlords. They have a higher electrical capacity and a more intensive use of utilities,” said Jessica Curtis, senior managing director at Newmark Knight Frank in Stamford.
"The office market is better positioned than it has been for a long time,” says Kevin Welsh at Newmark Knight Frank.
The downtown White Plains store will be the first Westchester location for the retailer based in suburban Chicago.